Reso PC20-14 0125 PC Reso South Main Mixed Use Project Entitlement Signed

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ATTY/RESO.0125/PC RESO SOUTH MAIN MIXED USE PROJECT – ENTITLEMENT REV: 10-27-2020 PR Page 10 of 38 the Project, which relocation plan must demonstrate that adequate provisions have been made to provide for timely relocation of the residents and that there comparable replacement dwellings will be available in sufficient number, size and cost for eligible households. a. Alternative percentages and levels of affordability may be considered as part of the Affordable Housing Plan and Agreement where such alternative percentages and levels of affordability will provide as many or more affordable units at the same or lower income levels or will otherwise provide greater public benefit than the standard requirement. The City ’s Affordable Housing Ordinance requires that the project provide 129 affordable units, excluding the 22 replacement units. The project is only providing 125 affordable units, excluding the 22 replacement units, however the project is providing these units at deeper levels of affordability than the Ordinance, including eight (8) extremely low income units. The project provides enough housing to mitigate the impacts of the market-rate residential, retail and office portions of the project. The affordable housing includes extremely low, very low, low, and moderate income units which provides a greater range of housing options, especially for extremely low income households, and a greater public benefit. In addition, the project provides affordable units onsite and off -site, and mixed with market rate units as well as an all affordable housing building. b. If a developer proposes off-site affordable units or any other alternative in the affordable housing plan required under Sect ion 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: i. Financing or a viable financing plan, which may include public funding sources, is in place for the proposed affordable housing units; and The proposal has a viable financing plan for Parcel F, which includes funding from the developer and tax credits. No funding will be requested from the City to satisfy these requirements. The applicant has partnered with HIP housing to manage the units at Parcel F after construction. ii. The proposed location is suitable for the proposed affordable housing, is consistent with the Housing Element, general plan, and zoning, and will not cause residential segregation. The proposal includes affordable units on and off-site. The on-site affordable housing would be integrated with the market rate units in Parcels A and D. The off-site proposal is approximately 1,000 ft. north of the project and would be an all affordable building in Parcel F (1304 El Camino Real at Jackson Street). While off-site, these units will provide better access to transit, retail, and services than on-site units, as the location is closer to the downtown, Transit Center, and retail shopping centers. This building complies with the City’s zoning and general plan requirements and fits within the DTPP cap for affordable units. As an all-affordable building, it will also provide onsite services to support the needs of the tenants. The off- site location allows for housing and has a number of other residential developments nearby. As such, it would not cause residential segregation.