Reso PC 16-01 0005 PC Reso Recommending Council Approval of DTPP Amendments for Affordable Housing

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EXHIBIT A Downtown Precise Plan Amendment 2.0.4. Maximum Allowable Development (M.A.D.) While dwelling units per acre (du/ac) and floor area ratio (FAR) are not restricted on a site-by-site basis, the City Council has established and adopted Maximum Allowable Development permitted under the provisions of this Precise Plan for the DTPP Area as a whole. The City will monitor and publish the amount of development that occurs after adoption of the Plan in a form to be determined by the Planning Manager/ Designee. Updates to this summary of development will occur each time new development takes place. When the MAD is reached in any category, expressed either in housing units or square footage, no further development in that category may be permitted without an amendment to the MAD provisions of the Precise Plan by the City Council. Not later than 30 days after the granting of entitlement to 80% or more of the Allowable Units or any of the Allowable Square Footage totals in any category, the Planning Manager/Designee shall report to the City Council the crossing of the 80% threshold and the City Council may, but is not required to, initiate consideration of an amendment to the Precise Plan to modify the M. A. D. specified in the Plan. Upon issuance of a Building Permit, a project shall be deemed to be entitled to the number of dwelling units or square footage specified in the Building Permit, but such entitlement shall expire unless construction commences for such units or square footage within one year of the date of issuance of the Building Permit and is pursued reasonably to completion as determined by the Chief Building Official. No Building Permit may be issued to allow a net increase in development in excess of the MAD in any category as specified in the Precise Plan. A Building Permit erroneously issued in excess of the MAD shall confer no legal rights. MAD limits are as follows: 1. Standards a. Residential development under this Plan shall not exceed 2,500 net new dwelling units. Of these 2,500 units, 20 percent (500 units) must be deed-restricted and affordable to households earning a gross income of not more than 80 percent of the area median income for the San Francisco Metropolitan Statistical Area as determined annually by the U.S. Department of Housing and Urban Development, as adjusted for household size. The units shall meet the requirements of Section 18.272 of the Municipal Code (Standards for the Development of Affordable Housing). b. Office development under this Plan shall not exceed 500,000 net new square feet of gross floor area. c. Retail development under this Plan shall not exceed 100,000 net new square feet of gross floor area. d. Lodging development under this Plan shall not exceed 200 net new guest rooms. 2. Guidelines There are no MAD guidelines ATTY/RES0.0005/PC RESO RECOMMENDING COUNCIL APPROVAL OF DTPP AMENDMENTS FOR AFFORDABLE HOUSING REV: 01-21-16 VR Page 2 of 2