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

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ATTY/RESO.0041/CC RESO DENYING THE APPEAL FOR 353 MAIN STREET REV: 05-14-18 PR Page 5 of 28 c. The height concession is consistent with the State Density Bonus law, and the Project and improvements comply fully with all applicable standards of the NMPP; and d. The Project and improvements comply fully with all applicable standards, guidelines, and goals of the NMPP. The aspects of the Project which do not conform to the guidelines of the NMPP (which are recommended, not mandatory) nonetheless adequately promote the overall intent of the NMPP; and Section 4 . Affordable Housing Plan: In the exercise of its independent judgment, the City Council finds that: a. The proposed affordable units comply with the standards in Section 18.272, including without limitation compliance with Section 18.272(B) requiring that the affordable units be made available for occupancy concurrently with the market-rate units; and 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. b. The affordable units will mitigate the impact of the project on the need for affordable housing. The proposed affordable units mitigate the impact of the project on the need for affordable housing by providing a percentage of affordable units at the low income and very-low income level onsite, as described in the staff report. 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 7.B. - Page 30