Reso PC18-08 0032 Reso Recommending Council To Adopt Article 29 Affordable Housing FINAL

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by the City Attorney and executed by the City Manager to ensure the continued affordability of the affordable units. 29.8 Alternatives An applicant or the City may propose an alternate means of compliance with this ordinance subject to the following provisions: A. Alternatives Available to Proiects Reauirine an Impact Fee. As an alternative to compliance with the impact fee requirements included in this Article, developers of residential or nonresidential development projects may propose to mitigate the affordable housing impacts of such development through the construction of affordable units on site or through an alternative mitigation program proposed by the developer and the community development director, such as the provision of off-site affordable units, donation of land for the construction of affordable units, or purchase of existing units for conversion to affordable units. 1. The City Council may adopt by resolution the percentage of affordable units needed to mitigate the impact of residential or nonresidential development projects on the need for affordable housing. 2. Any affordable rental or for -sale units proposed as an alternative to the payment of the housing impact fee shall be subject to the requirements described in Section 29.6 (Standards for Affordable Housing): B. Alternatives Available to Projects Requiring On -Site Construction of Affordable Units. 1. Payment of an In -Lieu Fee. The City may accept payment of an in -lieu fee in place of construction of on-site units if the following findings can be made: a. The City determines that the in -lieu fee is adequate to cover the cost of providing at least an equivalent number of affordable units as would otherwise be required under this Article based upon an affordability gap analysis provided by the applicant. b.The average unit size in the project seeking to pay an in -lieu fee is 2,000 square feet or 4 bedrooms. 2. Any applicable in -lieu fees will be collected by the City prior to the issuance of a certificate of occupancy or final inspection for any market rate unit in the residential development project. 3. Unit Size. In projects where the market rate units all exceed 2,000 square feet, the size of the affordable units may be up to 20% smaller than the Market Rate Units. C. Approval of Off -Site Affordable Units. If a developer proposes off-site affordable units or any other alternative in the affordable housing plan required under Section 29.6 (Standards for Affordable Housing), the review authority may approve such a proposal if it finds the proposal meets all of the following conditions: 1. Financing or a viable financing plan, which may include public funding sources, is in place for the proposed affordable housing units; and ATTY/RESO.0032/PC RESO RECOMMENDING COUNCIL TO ADOPT ARTICLE 29 AFFORDABLE HOUSING REV: 05-07-18 PR Page 10 of 18