Reso 23-10 PC Reso 0035 Reso Recommending General Plan Amendment Approval - 505 E. Bayshore

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ATTY/RESO.0035/PC RESO RECOMMENDING GENERAL PLAN AMENDMENT APPROVAL - 505 E. BAYSHORE REV: 05-12-23 JB Page 9 of 32 vii. In addition, the following finding is required by Government Code Section 66473.5: The proposed subdivision, together with the provisions for its design and improvement, is consistent with the General Plan. The proposed Vesting Tentative Map and land use is compatible with the objectives, policies, general land uses, and programs specified in the City’s General Plan as described in this staff report. While the state law also references specific plans, there is no specific plan that applies to the project site. b. The Planning Commission recommends that the City Council approve the Vesting Tentative Map subject to the Conditions of Approval attached hereto as Exhibit C. 7. Affordable Housing Findings The Planning Commission is able make the required findings for approval of an Affordable Housing Plan (Zoning Ordinance Section 29.7(C)). Specifically, the Planning Commission finds that: a. The proposed affordable units comply with the applicable standards in Article 29, including, without limitation, the requirement that the affordable units be made available for concurrent occupancy per Section 29.6B. 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 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 moderate households and remain affordable units for a duration of at least 30 years. The proposed affordable units mitigate the projects impact on the need for affordable housing by providing eight (8) for-sale units that equates to fifteen percent (15%) of the base 51 units as affordable onsite at the moderate affordability level (buyers making up to 120% of Area Median Income (AMI)). Sale of the BMR units will comply with Section 29 of the Redwood City Zoning Code.