Laserfiche WebLink
<br />ATTY/RESO.0125/PC RESO SOUTH MAIN MIXED USE PROJECT – ENTITLEMENT <br />REV: 10-27-2020 PR <br />Page 21 of 38 <br /> <br />i. Eight (8) one-bedroom units to low income households (as defined in Health & <br />Safety Code Section 50079.5) which shall in no event exceed 80 percent of area <br />median income, adjusted for family size at an “affordable rent” including a <br />reasonable utility allowance (as defined in Health & Safety Code Section 50053); <br />and <br />ii. Fifteen (15) studio units to very low income households (as defined in Health & <br />Safety Code Section 50105) which shall in no event exceed 50 percent of area <br />median income, adjusted for family size at an “affordable rent” including a <br />reasonable utility allowance (as defined in Health & Safety Code Section 50053); <br />and <br />iii. Fifteen (15) studio units to extremely low income households (as defined in <br />Health & Safety Code Section 50106) which shall in no event exceed 30 percent <br />of area median income, adjusted for family size at an “affordable rent” including <br />a reasonable utility allowance (as defined in Health & Safety Code Section 50053). <br />The affordable housing agreement term shall be for a period of 55 years from the date of <br />final certificate of occupancy. The affordable housing agreement shall specify the <br />number, type, location, size, and phasing of all affordable units, provisions for marketing, <br />income certification and screening of potential renters of units including the financing of <br />ongoing administrative and monitoring costs, consistent with the approved affordable <br />housing plan. <br />Twenty-two (22) of the affordable units located on Parcel F shall serve as the replacement <br />units required by the demolition of the existing residential units located at 1306 Main <br />Street, including any replacement unit obligations pursuant to federal and state law. The <br />affordable housing agreement for Parcel F shall stipulate the replacement unit <br />obligations. <br /> <br />The remaining sixteen (16) affordable units located on Parcel F shall also serve as fulfilling <br />a portion of the affordable housing requirement for the commercial development on <br />Parcels B, C, and E. The affordable housing agreement shall specify the delivery of these <br />units relative to the commercial development and to the market rate units, consistent <br />with condition #4 (Affordable Housing). As proposed by the applicant, up to sixteen (16) <br />units may be reserved for those with developmental disabilities. The affordable units <br />located at Parcel F shall be constructed at a quality commensurate with a Tax Credit <br />Allocation Committee-sponsored project, as an approved alternative pursuant to Section <br />29.8(D)(Other Alternatives) to the standards in Section 29.6 (A) (Quality of Construction <br />and Number of Bedrooms) of the City’s Affordable Housing Ordinance. Notwithstanding <br />the above, the rents for the affordable units on Parcel F shall be the lower of the rents <br />determined in accordance with Government Code Section 65915(c)(3)(B) and the rents <br />allowed by the Tax Credit Allocation Committee. <br />In accordance with the Relocation Plan, the Developer shall provide relocation benefits <br />to the occupants of 1306 Main Street.