75B - PH AMEDNING CH 41 HOO - Laserfiche WebLink

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city, consistent with the type of affordable housing needed at the time of project review. 2. Rehabilitated units outside a designated target area. The developer may satisfy the inclusionary unit requirements for the project, in whole or in part by substantially rehabilitating existing housing units elsewhere within the borders of the city at a rate of one and one-half (1'/Z) habitable square feet per each required habitable square foot of inclusionary units. 3. Rehabilitated units within a designated target area. Upon application, the developer may satisfy the inclusionary unit requirements for the project, in whole or in part by substantially rehabilitating existing housing units elsewhere within the borders of the city at a rate of one habitable square foot per each required habitable square foot of affordable inclusionary units. (c) In -lieu fee. between five (5) and twenty (20) residential US •[J -+' i - •F the all of the required UrlitS. The arneunt of the fee allewed by this -&-e-G-to a_n, shaill DevelepeF may 9!eGt to satisfy the !nG!us'enaFy Unit requirements for the five dell-ars per square feet habitable square feet '+h' +h +' D + measured From L stairways.e exterie (2-1) More than 20 units. In the eass of a A r Residential pProject comprised of more than twenty (20) residential lots or residential units, the developer may elect to satisfy the Inclusionary Unit requirements for the Project, in whole or in part, by payment of a fee in lieu of constructing some or all of the required units. The amount of the fee allowed by this section shall be fifteen five dollars per square foot ($4- 5.00Ift. 2 ) of the sum total of the number of habitable square feet within the entire Project, as measured from the exterior walls of the residential units. This calculation does not include exterior hallways, common areas, landscape, open space or exterior stairways. (2) Entitled Residential Projects. The applicant(s) of an Entitled Residential Project may either construct the inclusionary units or pay an in lieu fee as follows: (i) Twenty (20) or fewer units. In the case of a Residential Project containing between five (5) and twenty (20) residential lots or residential units the or all of the required units. The amount of the fee allowed by this section shall be five dollars per square foot ($5.00/ft) of the sum total of the number of habitable square feet within the entire Project as measured from the exterior walls of the residential units. This calculation does not include 75B-56