Ord2025 1130-891 - Laserfiche WebLink

Browse Search

ATTY/ORD.0007/CC ORD TEMPORARILY AMENDING ZONING CODE (AFFORDABLE HOUSING INCENTIVE PROGRAM) REV: 08-27-25 VR Page 4 of 6 B. Definitions. For purposes of this Ordinance, “Pipeline Projects” means those residential development projects, including the residential components of mixed-use projects, that either: (a) have received all required land use planning approvals as of the adoption of this Ordinance but have not yet obtained Vertical Building Permits for all residential components of the project, regardless of the building permit status for that project’s non-residential components or for one or more separate residential buildings or phases, or (b) have received all required land use planning approvals after the adoption of this Ordinance with the appeal period running prior to June 30, 2026. Notwithstanding the foregoing, Pipeline Projects shall not include: (a) any Gatekeeper Project (meaning those projects initiated by the City Council through a Gatekeeper process to amend the General Plan and Downtown Precise Plan), (b) any project regulated by a development agreement, or (c) any project that has already paid housing impact fees or in lieu fees. Projects that have received approval from the City Council to provide alternative means of compliance with the AHO under Section 29.8(A) (“Alternatives Available to Projects Requiring Impact Fee”) and Section 29.8(C) (“Approval of Off- Site Affordable Units”) but have not yet pulled any Vertical Building Permits shall also be considered as Pipeline Projects under the Affordable Housing Incentive Program. For purposes of this Ordinance, “Vertical Building Permit” means foundation and/or core/shell, including grading permits but excluding demolition permits. C. Affordable Housing Units. If an applicant for a Pipeline Project is subject to the inclusion of affordable housing units under Section 29.4, the applicant may request that the housing development be subject to the following temporarily reduced percentages rather than the percentage of units set forth in Section 29.4(A) (with the temporary reduced percentage rates indicated in bold below): 1. Rental Projects. Seven and one half percent (7.5%) of the proposed units in a rental residential development project shall be affordable to moderate income households, three and three quarters percent (3.75%) of the proposed units in a rental residential development project shall be affordable to low income households, and three and three quarters percent (3.75%) of the proposed units shall be set aside for very low income households. Alternative percentages and levels of affordability may be considered as part of the Affordable Housing Plan and Agreement (Section 29.7) and the review authority may approve or conditionally approve such an alternative if it determines, based on substantial evidence, that 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. 2. Ownership Projects. Eleven and one quarter percent (11.25%) of the proposed units shall be affordable to moderate income households.