Article 29

Other

• Affordability duration for rental units55 years

  All affordable units for rent produced as required by this Article shall be legally restricted to occupancy by households of the income levels for which the units were designated at an affordable rent for a period of at least fifty-five (55) years.

• Affordability duration for for-sale units30 years

  All affordable units for sale produced as required by this Article shall be legally restricted to occupancy by households of the income levels for which the units were designated at an affordable ownership cost for a period of at least thirty (30) years.

• Concurrent occupancy requirement

  All affordable units shall be made available for occupancy concurrently with the market-rate units; no more than 50% of market-rate units may receive building permits or certificates of occupancy until all affordable units have received them.

• Exemption for projects of four or fewer units4 units

  Residential development projects of four (4) or fewer dwelling units are exempt from the requirements of this Article.

• Exemption for nonresidential under 5,000 sqftsq ftSquare feet. An acre is 43,560 sq ft; a typical suburban lot is 7,000–10,000.5,000 sqftsq ftSquare feet. An acre is 43,560 sq ft; a typical suburban lot is 7,000–10,000.

  The housing impact fee shall not apply to nonresidential development projects adding five thousand (5,000) square feet or less of net new square footage.

• Housing impact fee for 5-19 unit projects

  A housing impact fee is imposed on all developers of nonresidential development projects and residential development projects between five (5) to nineteen (19) units, subject to exemptions.

• Ownership projects: moderate income percentage15 pct

  Fifteen percent (15%) of the proposed units shall be affordable to moderate income households

• Rental projects: low income percentage5 pct

  Five percent (5%) of the proposed units in a rental residential development project shall be affordable to low income households

• Rental projects: moderate income percentage10 pct

  Ten percent (10%) of the proposed units in a rental residential development project shall be affordable to moderate income households

• Rental projects: very low income percentage5 pct

  Five percent (5%) of the proposed units shall be set aside for very low income households

• Minimum land donation size1 acreacre43,560 square feet — about the size of an American football field without the end zones.

  The property to be donated must be at least one (1) acre in size or be of sufficient size to accommodate the greater of 40 units or 110% of required affordable units.

• Minimum land donation units40 units

  The property to be donated must be at least one (1) acre in size or be of sufficient size to accommodate the greater of 40 units or 110% of required affordable units.

• Local preference for affordable units

  Developers shall grant a preference in the affordable units to eligible households displaced by the City and to eligible households that live, work, or have been offered work in Redwood City.