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333 Main Street RWC, LLC <br /> 901 Mariners Island Blvd., 7th Floor <br /> Sa� Mateo, CA 94404 <br /> Telep6one: 650-378-2800 Fax: 650-570-2233 <br /> September 22, 201 I <br /> Ms. Jill Ekas <br /> Director of Planning <br /> City af Redwoad City <br /> ] 017 Middlefield Road <br /> Redwood City, CA 94064 <br /> Re: Affordable Housina Plan — 333 Main Street. Redwood Citv <br /> Deaz Ms. Ekas, <br /> The purpose of this correspondence is to provide an outline of our Affordable Housing Plan (AHP) for <br /> the 132-unit "mapped" project located at 333 Main Street, Redwood City, Califomia (the "ProjecY'). <br /> This AHP includes the following: <br /> I] The Affordable Program By Unit Type and Level of Affordability <br /> II] Government Code 65915: Density Bonus, Ince�tives / Concessions, Pazking <br /> - llI] Ciarifications of Other Compliance Conditions <br /> ❑ Total Unit Count Bv Tvae and Level of Affordabilitv <br /> Owner has elected to submit an AHP for the Project which offers 17 Below Market Rate (BMR) <br /> units in exchange for an increase in density and certain incentives / concessions in accordance with <br /> guidelines established i�.the State's Density Bonus Law, Govemment Code section 65915 (°GC <br /> 65915"). These 17 BMR units represent 17% of the permitted densiry of ] O1 units pursuant to <br /> NMSSP. <br /> The 17 BMR units will be offered for sale at prices that are affordable to households in the "moderate" <br /> income category, and prior to the sale of the units, will be offered for rent to households in the "low" <br /> or "moderate" income ca[egories, in the unit mix set forth below: <br /> Units in % of BMR % of <br /> Size of HH Proiect Total Moderate BMR <br /> One Bedroom 2 Persons 70 53% 5' 31% <br /> Two Bedroom 3 Persons 59 45% 9 53% <br /> Three Bedroom Units 4 Persons 3 2% 3 16% <br /> OTAL 132 ]00% 17 100% <br /> III ReconcitiaHon of the AHP with GC 65915 ` <br /> We have worked cooperatively with the City of Redwood City to ensure mutual compliance with both <br /> the intent as well as the procedures prescribed in GC 65915. In particulaz, the intent and procedures <br /> 2 <br />