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S.A. - Page 28 of 61 <br />Attachment B — Affordable Housing Calculations <br />Given the particular importance of creating on-site affordable housing, this attachment outlines the <br />Affordable Housing requirement for both housing and commercial projects. Additionally, this document <br />serves to highlight where projects have proposed above and beyond the standard requirements for <br />Affordable Housing. <br />Predominantly Housing Projects <br />The Affordable Housing Ordinance (§29.3) requires that residential projects that are 20 units or greater <br />must provide on-site units: <br />• Rental Projects: 10% units provided at moderate income level, 5% units at low income level and <br />5% of units provided at very low income level. <br />• Ownership Projects: 15% units provided at moderate income level. <br />1205-1295 Veterans <br />Proposed Units <br />Required <br />Required <br />Required <br />Total <br />Proposed <br />301 units for rent <br />(Mod) <br />(Low) <br />(Very Low) <br />Required <br />68 (low) <br />318 units for rent* <br />32 <br />16 <br />16 <br />64 <br />70 <br />(affordability <br />level TBD) <br />*Baseline density. With requested density bonus, total units is 430. <br />651 EI Camino Real <br />Proposed Units <br />Required <br />(Mod) <br />Required <br />(Low) <br />Required <br />(Very Low) <br />Total <br />Required <br />Proposed <br />301 units for rent <br />30 <br />15 <br />15 <br />60 <br />68 (low) <br />505 E. Bayshore Road <br />Proposed Units <br />Required <br />(Mod) <br />Required <br />(Low) <br />Required <br />(Very Low) <br />Total <br />Required <br />Proposed <br />60 for sale townhomes <br />9 <br />0 <br />0 <br />9 <br />9 (moderate) <br />797 Arguello <br />Exempt from affordable housing impact fee and on-site below market rate units due to number of units <br />proposed (2). <br />Predominantly Commercial Projects <br />1 <br />A& <br />City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org <br />295 <br />