AgdaPkt 2018-05-21 Joint SA PFA - Laserfiche WebLink

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6 The proposed affordable units would comply with the required standards including providing a comparable quality of construction to onsite market-rate units, making the units available for occupancy at the same time as market-rate units, and ensuring the continued affordability of the units. The affordable units would provide compatible exterior and interior finishes, and amenities as market rate units. This includes the same access to common open space, parking, storage, fitness center, and other onsite facilities. The number of bedrooms and distribution of units within the development would also be comparable to the market-rate units. The affordable units would be available to qualifying very low income households and remain affordable units for a duration of 55 years. 2. The affordable units will mitigate the impact of the project on the need for affordable housing. The proposed affordable units mitigate the projects impact on the need for affordable housing by providing a percentage of affordable units at the low income and very-low income level onsite. In addition, the applicant is providing 3 units at the moderate income level (2.5%). This mix of housing affordability will serve a range of users, who will have the same access to goods and services. The project would provide a total of 19 affordable units, equivalent to 15% of the 125 units requested, consisting of; - 5% at the very low income level - 7.5% at the low income level - 2.5% at the moderate income level State Density Bonus (SDB) law (Government Code 65915) allows up to a 20% residential density bonus in exchange for providing 5% of the units as affordable housing at the very low income level. While the 119 unit project would be eligible for an additional 24 units (20%) based on this provision, the applicant is only requesting six additional units (5%) for a project total of 125 units. SDB law also allows the developer to request up to one incentive or concession. The applicant requested a concession to increase the building height from the maximum of 60 ft. and 5 stories over 1 level of parking per the North Main Street Precise Plan to a maximum of 82 ft. and 5 stories over 2 levels of parking. SDB law also allows the developer to use a reduced parking ratio, by right, as described below: · 1 space for each studio/1 bedroom unit · 2 spaces for each 2-3 bedroom unit · 2.5 spaces for each 4 or more bedroom unit In addition, the applicant requested a waiver of development standards relating to parking structures. Precise Plan Standard II.II.E.1 states that below-grade parking shall be provided for all new residential development. At the time that NMPP was adopted, the area did not fall within a hazardous flood zone. However, FEMA maps have since been updated and the subject property is now subject to FEMA requirements. As such, 7.B. - Page 6