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22206 920 Shasta <br />Affordable Housing Plan and Density Bonus Request <br />November 5, 2024 <br />EXHIBIT B-1 <br />AFFORDABLE HOUSING PLAN <br />Affordable Housing Plan <br />1. How the proposed units conform to the requirements of this Article and City and <br />State Density Bonus law requirements, as applicable. <br />The 920 Shasta/122 Buckeye project (the "Project" or "Affordable Project") is proposed <br />to satisfy and exceed the City's Affordable Housing Ordinance requirements' for the <br />proposed Office Project at 901 El Camino Real. <br />As shown in the table of "Required Affordable Units per 100,000 net new sf in a <br />Nonresidential Project,,Q a nonresidential Office Development would need to provide ten <br />affordable dwelling units per 100,000 sf of Office Development, with a breakdown of three <br />moderate income, five low income and two very low-income dwelling units. The Project <br />exceeds these requirements. <br />The 901 El Camino Real project consists of 305,225 sf of Office, and a 6,635 sf of Teen <br />Center/Office Amenity. The Teen Center portion (50% or 3,317.5 sf) of the 6,635 sf Teen <br />Center/Office Amenity space is exempt from Affordable Housing requirements per <br />Resolution 16014. <br />Development Type <br />Multiple <br />Mod <br />Low <br />VL <br />ELI <br />Total BMR <br />Office Requirement <br />100,000 <br />3 <br />5 <br />2 <br />0 <br />10 <br />Retail Requirement <br />100,000 <br />0 <br />2 <br />2 <br />0 <br />4 <br />Hotel Reautrement <br />100.000 <br />0 <br />2 <br />2 <br />0 <br />4 <br />Required Affordable Units by <br />AMI Level <br />to Mitigate <br />Impact <br />Fee Obligation <br />Development Type Project SF <br />Mod <br />Low <br />VL <br />ELI <br />Total BMR <br />Net New Office SF 308,543 <br />9.26 <br />15.43 <br />6.17 <br />0.00 <br />30.853 <br />Net New Retail SF <br />0.00 <br />0.00 <br />0.00 <br />0.00 <br />0 <br />Total Commercial Requirement <br />9.26 <br />15.43 <br />6.17 <br />0.00 <br />30.85 <br />Please note that the subject site currently has three existing buildings totaling 8,334 sf that <br />will be demolished as part of the Office Project (901 El Camino Real - 6,453sf, 947 El <br />Camino Real — 629sf, 999 El Camino Real — 1,252sf). These structures are shown on the <br />' See Ordinance No. 1130-387 adopted July 24, 2023 available at <br />httns:i/www.redwoodcity.ore'hone/shovA-oublisheddocument 272236383271672$3900000 accessed October 25, <br />2023. <br />2 See httos://www.redwoodcity.ora/departments/city-manaaer'housinR-services/developers/affordable-h.ousin— <br />ordinance-and-impact-fees accessed October 25, 2023. <br />ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-16-25 VR <br />Exhibit B-1 - 1 <br />