Ord2003 1130-324 - Laserfiche WebLink

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10~27~2003 (a) Twenty percent (20%) of the total dwelling units of a housing development for lower income households as defined in Health and Safety Code Section 50079.5; or (b) Ten percent (10%) of the total dwelling units of a housing development for very Iow income households as defined in Health and Safety Code Section 50105; or (c) Fifty percent (50%) of the total dwelling units of a housing development for senior citizens as defined in Civil Code Section 51.3; or (d) Twenty percent (20%) of the total dwelling units in a condominium project as defined in subdivision (f) of Section 1351 of the Civil Code, for persons and families of moderate income as defined in Section 50093 of the Health and Safety Code. 2. Duration of Affordability. If one incentive is granted, then affordable dwelling units shall be restricted to use as affordable dwelling units for a minimum period of thirty (30) years. If the housing is a condominium project as defined in subdivision (f) of section 1351 of the Civil Code, then the affordable dwelling units shall be restricted to use as affordable dwelling units for a minimum period of ten (10) years. "Affordable Dwelling Units" as used in this section means dwelling units which conform to the criteria established in subsection (B)(1) above. C. Density Bonus/Incentives. 1. Except as provided in paragraph (2) and other than condominium conversion projects, housing developments which provide affordable dwelling units pursuant to the provisions of this section shall be granted a Density Bonus. "Density Bonus" as applied to housing developments, means a density increase of at least twenty-five percent (25%), unless a lesser percentage is elected by the applicant, over the otherwise maximum allowable residential density under the applicable zoning district regulations and Land Use element of the General Plan of Redwood City as of the date the development application by the applicant is accepted by the City. The density bonus shall not be included when determining the number of housing units which is equal to ten (10%), twenty (20%), or fifty percent (50%) of the total dwelling units. 2. If development does not meet requirements of (a), (b), or (c) of subdivision (B)(1), but the applicant proposes to construct a condominium project in which at least twenty percent (20%) of the total dwelling units are reserved for moderate income households as defined in Health and Safety Code Section 50093, a density bonus of at least ten percent (10%) shall be granted, unless a lesser percentage is elected by the applicant, over the otherwise maximum allowable residential density under the applicable zoning district regulations and Land Use element of the General Plan of Redwood City as of the date the development application by the applicant is F:Atty/Ord/Ord. 183 2 1130-324 101403