Laserfiche WebLink
<br />5. Standards for Affordable Dwelling Units. <br />a. Size. The size and interior design of the affordable dwelling units should be consistent <br />and comparable with the market rate units for the rest of the project. <br />b. Appearance. The exterior materials and design of the affordable dwelling units in any <br />development subject to this Policy shall be indistinguishable in style and quality with the <br />market rate units in the development. The interior finish and quality of construction of the <br />affordable dwelling units shall at a minimum be comparable to other units within the <br />proposed development. Construction of the affordable dwelling units shall be concurrent <br />with the construction of market rate dwelling units. <br />c. Tenants. Rental affordable dwelling units shall be rented only to income eligible families <br />during the period of affordability. An income eligible family may remain in the affordable <br />dwelling unit for additional rental periods if the income of the family does not exceed one- <br />hundred twenty percent (120%) of the applicable AMI. <br />d. Owner-occupied units: Owner-occupied dwelling units shall be sold to income eligible <br />families during the period of affordability. <br />i. An income eligible family may remain in the affordable dwelling unit for additional <br />periods if the income of the family does not exceed 110% of the applicable AMI. <br />ii. If the home is sold within the affordability period, it must be sold to another buyer <br />who meets the income eligibility requirement. <br />6. Incentives. The city can provide a combination of the following to projects that meet the <br />requirements of this Policy. Said incentives cannot be combined with any requirements or <br />standards that are waived or varied as part of a Planned Unit Development under Section <br />160.317. <br />a. Building Height. The maximum height allowed in the underlying zoning district can be <br />increased by up to ten (10) feet or one story. <br />b. Density. The maximum allowed units in the underlying zoning district can by increased by <br />up to two units up to a maximum of a 50% increase over current zoning. <br />c. Site Area. The minimum lot area per unit required for a multifamily or multiple family use <br />(as listed in Section 160.056(B)(2)(c) can be reduced by 10%. <br />d. Open Space. If applicable, the minimum open space required can be reduced by 10%. <br />7. Alternatives. Developments that are unable to comply with Sections 2-5 of this Policy can meet <br />the following options: <br />a. Developers may propose a mixed-use development that includes residential components, <br />provided the following conditions are met: <br />i. Mixed Use PUD following the code § 160.317(C) SPECIAL REQUIREMENTS <br />AND STANDARDS. <br />ii. The development must be submitted as a Conditional Use Mixed Use PUD, <br />incorporating both commercial uses and market-rate multi-family residential units. <br />Approval is subject to review and authorization by the appropriate governing <br />body. <br />iii. If the Mixed-Use PUD is to be constructed in multiple phases, the proportion of <br />residential development completed at any given stage, when averaged with all <br />previously completed stages, shall not exceed the overall proportion of <br />residential development planned for the entire PUD. This ensures a balanced <br />and consistent integration of residential and non-residential uses throughout the <br />development timeline. <br />iv. Developments utilizing this alternative pathway shall not be eligible for any <br />incentives related to increased building height, density, or other dimensional <br />standards. All such developments must comply with the base zoning <br />requirements applicable to the site. <br />v. If the commercial uses are specific businesses such as medical offices or <br />restaurants, applicants may be eligible for up to 5% cashback of the land cost if <br />the site was owned by the city or EDA. <br />8. Affordable Housing Plan.