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8 22206 920 Shasta Affordable Housing Plan and Density Bonus Request November 5, 2024 2.The location, structure (attached o r detached), proposed tenure (for-sale or rental), and size of the proposed market-rate (as applicable) and affordable units and the basis for calculating the number of affordable units provided; Rental units as shown in the table above, and on the entitlements plans. All proposed units are affordable, with the exception of one manager’s unit. See attached Exhibit C, Affordable Housing Floor Plans. 3.A floor or site plan depicting the location of the affordable units; 100% affordable units with one manager’s unit, as indicated in the entitlements plans. See attached Exhibit C, Affordable Housing Floor Plans. 4.A phasing plan that provides for the timely development of the number of affordable units in accordance with Section 29.6 (Standards for Affordable Housing); Not Applicable. Land donation option is being requested. 5.If off-site units, or other alternatives are proposed under Section 29.8 (Alternatives), the information deemed necessary by the City to support the findings required for approval of such alternatives; and The 920 Shasta project would satisfy the affordable housing requirement of the 901 El Camino office project by providing 100 income-restricted affordable units. Pursuant to City Code Section 29.8D, City would need to make these findings for approval of off-site units: Finding 1. The proposed affordable units comply with the applicable standards in this Article, including, without limitation, the requirement that the affordable units be made available for concurrent occupancy per Section 29.6B. The affordable units would comply with the applicable standards of the City Code found in Section 29.6. Section 29.6A requires the quality of construction and number of bedrooms for the affordable units to be comparable to market rate units in the development. Since the 920 Shasta project consists of 100 percent affordable units, City Code Section 29.6A is inapplicable. Section 29.6C requires at least a 55-year duration of affordability. The Project would commit to be legally restricted to occupancy for restricted incomes for at least 55 years. Section 29.6D states that no household may occupy an affordable unit until the Community Development Director or designee has approved a Below Market Rate Tenant Selection and Management Plan which shall include eligibility requirements specific to the Project. The Applicant would submit a Below Market Rate Tenant Selection and Management Plan for Director or designee approval prior to issuance of a Certificate of Occupancy for the Project. Section 29.6E requires the affordable units to be a principal residence, unless otherwise approved in ATTY/RESO.0029/CC RESO APPROVING ARCHITECTUAL PERMIT, TENTATIVE PARCEL MAP (920 SHASTA) – EXHIBIT B REV: 04-22-25 VR Page 8 of 29