75B - PH AMEDNING CH 41 HOO - Laserfiche WebLink

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Sec. 41-1902. - Applicability and inclusionary unit requirements. (a) Applicability. The requirements of this article shall apply to any new residential project comprised of twenty (20) or more residential lots or residential units located within the city, including new construction, and condominium conversions which exceed the 1gGeneral p2lan prescribed densities. (b) Applications. The requirements of this article shall apply to any new residential project proposed in connection with an application to do any of the following: (1) Increase the permitted residential density of the subject property above the density permitted by applicable Zenin^ the General Plan at the time of the application. The inclusionary requirements shall only apply to the incremental increase in the number of units beyond that which is allowed by the applicable ZORORg density permitted bV the General Plan. (2) IRGrea6e—iR the peFMittedFesidPRt+a1aeRRity- OF PeKseRtage ofTesideRtal develepmen+ elLAYP-d rJiie W ni+v initiatedZGRe shennes after Navemher 78 :204 1- (42) Increase the permitted percentage of residential development allowed for a mixed -use development above the percentage at the time of the application. The inclusionary requirements shall only apply to the incremental increase in the number of units beyond that which is allowed by the applicable Z nin,. density permitted bV the General Plan. (4) Approval f,-eWgjeGts�P: y LJIC60+" 'len FeF ++inn F pOIiReRtl' aT land uses puFsuan++e division 29 of this chapter (53) Convert rental units to condominium ownership. The inclusionary requirements shall only apply to the incremental increase in the number of units beyond that which is allowed by the density permitted by the General Plan. (c) Units for sale. If the new residential project consists of units for sale, then a minimum of fifteen rt�ten (a-5 10) percent of the total number of units in the project shall be sold ar rPRtP : to aew-moderate income households. (d) Rental units. If the new residential project consists of rental units, then a minimum of fifteen (15) percent of the units shall be rented to low-income households, or ten (10) percent rented to very low-income households. (e) Rounding of quantities in calculations. In calculating the required number of inclusionary units, fractional units shall be rounded -up to the next whole unit. The developer may choose to pay an in -lieu fee set forth in section 41-1904(c) for the fractional units, which shall be calculated based on the number of habitable square feet applicable in each case. (f) Displacement of existing inclusionary units. Notwithstanding any other provision of this article, any residential project subject to this article that results in the displacement of very low and/or low income household(s) shall be required to provide on -site inclusionary units as required by this article. 75B-32