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1 22206 920 Shasta Affordable Housing Plan and Density Bonus Request November 5, 2024 Affordable Housing Plan 1.How the proposed units conform to the requirements of this Article and City and State Density Bonus law requirements, as applicable. The 920 Shasta/122 Buckeye project (the “Project” or “Affordable Project”) is proposed to satisfy and exceed the City’s Affordable Housing Ordinance requirements1 for the proposed Office Project at 901 El Camino Real. As shown in the table of “Required Affordable Units per 100,000 net new sf in a Nonresidential Project,”2 a nonresidential Office Development would need to provide ten affordable dwelling units per 100,000 sf of Office Development, with a breakdown of three moderate income, five low income and two very low-income dwelling units. The Project exceeds these requirements. The 901 El Camino Real project consists of 305,225 sf of Office, and a 6,635 sf of Teen Center/Office Amenity. The Teen Center portion (50% or 3,317.5 sf) of the 6,635 sf Teen Center/Office Amenity space is exempt from Affordable Housing requirements per Resolution 16014. Required Affordable Units per 100,000 net new SF Development Type Multiple Mod Low VL ELI Total BMR Office Requirement 100,000 3 5 2 0 10 Retail Requirement 100,000 0 2 2 0 4 Hotel Requirement 100,000 0 2 2 0 4 Required Affordable Units by AMI Level to Mitigate Impact Fee Obligation Development Type Project SF Mod Low VL ELI Total BMR Net New Office SF 308,543 9.26 15.43 6.17 0.00 30.853 Net New Retail SF 0.00 0.00 0.00 0.00 0 Total Commercial Requirement 9.26 15.43 6.17 0.00 30.85 Please note that the subject site currently has three existing buildings totaling 8,334 sf that will be demolished as part of the Office Project (901 El Camino Real - 6,453sf, 947 El Camino Real – 629sf, 999 El Camino Real – 1,252sf). These structures are shown on the enclosed survey included in Exhibit A and in the calculations above. The project provides 68 units more than the requirement. Teen Center/Office Amenity: Below please find the details requested on the Teen Center/Office Amenity (Intended Use and Operator). 1 See Ordinance No. 1130-387 adopted July 24, 2023 available at https://www.redwoodcity.org/home/showpublisheddocument/27223/638327167283900000 accessed October 25, 2023. 2 See https://www.redwoodcity.org/departments/city-manager/housing-services/developers/affordable-housing- ordinance-and-impact-fees accessed October 25, 2023. EXHIBIT B ATTY/RESO.0029/CC RESO APPROVING ARCHITECTUAL PERMIT, TENTATIVE PARCEL MAP (920 SHASTA) – EXHIBIT B REV: 04-22-25 VR Page 1 of 29