Ordinance 1059 - 2026/04/13 - Laserfiche WebLink

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Ordinance No. 1059 Page 3 (5) Development, or renovation or reconstruction, which does not fall under the criteria as outlined in Section 119.009(A) of this Policy as determined by the City Administrator. 119.010 AFFORDABLE HOUSING UNITS Applicable projects shall provide dwelling units at the following affordability levels. The Affordable Housing Units shall be located within the development. For developments that consist of multiple buildings, the Affordable Housing Units shall not all be located within a separate building. (A) Rental: (1) 10% of units at 30% AMI, and 10% of units at 50% AMI; or (2) A combination of units at the above affordability levels that results in 20% of units being affordable. 119.011 LENGTH In developments subject to this Policy, as outlined in Section 119.009, the period of affordability for the Affordable Housing Units shall be at least twenty-five (25) years. 119.012 STANDARDS FOR AFFORDABLE HOUSING UNITS (A) Size. The size and interior design of the affordable dwelling units should be consistent and comparable with the market rate units for the rest of the project. (B) Appearance. The exterior materials and design of the affordable dwelling units in any development subject to this Policy shall be indistinguishable in style and quality with the market rate units in the development. The interior finish and quality of construction of the affordable dwelling units shall at a minimum be comparable to other units within the proposed development. Construction of the affordable dwelling units shall be concurrent with the construction of market rate dwelling units. (C)Tenants. Affordable Housing Units shall be rented only to income eligible families during the period of affordability. An income eligible family may remain in the affordable dwelling unit for additional rental periods if the income of the family does not exceed one -hundred twenty percent (120%) of the applicable AMI. 119.013 INCENTIVES The city can provide a combination of the following to projects that meet the requirements of this Policy. Said incentives cannot be combined with any requirements or standards that are waived or varied as part of a Planned Unit Development that is permitted in accordance with Section 160.317.