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1901 E. FIRST STREET OWNER LLC (2) - 2014
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1901 E. FIRST STREET OWNER LLC (2) - 2014
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Last modified
3/23/2017 11:59:20 AM
Creation date
5/12/2015 2:38:12 PM
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Contracts
Company Name
1901 E. FIRST STREET OWNER LLC
Contract #
A-2014-279
Agency
COMMUNITY DEVELOPMENT
Council Approval Date
11/18/2014
Destruction Year
0
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II. INTRODUCTION <br />A. Affordable Rental Housing Program <br />The Ordinance applies to housing developments that involve an increase in the <br />density otherwise available under applicable zoning and development standards; <br />a change in land use designation from a zoning regulation that does not permit <br />residential uses to one that does permit residential uses; or the conversion of <br />rental units to condominium ownership. For those Projects, at least 15% of new <br />housing construction of five or more units to be affordable for Very Low or Low <br />Income Households. <br />Property Owners are typically required to meet their Inclusionary Units obligation <br />within the market rate residential development. With approval from the City, a <br />portion of Inclusionary Units may be provided at alternative locations. Property <br />Owners may designate newly constructed units as affordable to meet their <br />requirement, or they may substantially rehabilitatel existing housing units and <br />designate them as affordable. In -Lieu Fees can be paid by right for Projects with <br />between five and 20 units, and for fractional unit obligations. An In -Lieu Fee <br />calculation worksheet is presented in Attachment J to this Administrative <br />Procedures Manual, <br />Property Owners of Projects subject to the Ordinance must submit an <br />Inclusionary Housing Plan to the Program Director for approval prior to the award <br />of discretionary approvals for the proposed Project. The Inclusionary Housing <br />Plan must demonstrate how the Project will comply with the pertinent <br />Inclusionary Housing obligations. The Property Owner must fulfill all the <br />requirements identified in the Inclusionary Housing Plan before the City will issue <br />a certificate of occupancy for the Project. <br />B. Purpose of these Administrative Procedures <br />The primary objective of the Affordable Rental Housing Program is to provide <br />affordable housing to residents who would otherwise have difficulty renting a <br />Defined as rehabilitation of a dwelling unit that has substantial building and other code <br />violations, that has been vacant for at least 90 days, and the cost exceeds 25% of the market <br />value of the unit after rehabilitation. <br />Affordable Rental Housing Administrative Procedures Page 8 <br />1407003.SNA August 8, 2014 <br />
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