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KEY POLICY AREAS TO EVALUATE <br />CITY DENSITY BONUS <br /> <br />Current ordinance allows second density bonus on top of State Density <br /> <br />Bonus –Can almost double base density permitted. However, these are <br />a given. Project are not required to design or operate in ways that <br />promote affordable housing goals. <br />Options: <br /> <br />Remove City Density Bonus <br /> <br />Modify so that City Density Bonus is Merit-based <br /> <br />No change <br /> <br />PERCENT SET-ASIDE <br /> <br />Current ordinance: 15% Low income and 10% Very Low income. Other <br /> <br />cities also allow 15% with no incentive for Very Low income, <br />Options: <br /> <br />Change to 15% with no reductions <br /> <br />Modify to allow a reduced percent set-aside for Very Low Income as well as <br /> <br />other housing including Special Needs Housing or Housing types that meet our <br />RHNA requirements. <br />No change. <br /> <br />