Extracted standards
8 individual requirements pulled out of this section’s prose, each with the sentence it came from.
Other
- Ownership affordability term45 years
All inclusionary units to be sold shall remain affordable at an affordable sales price to the targeted income group for 45 years
- Rental affordability term55 years
All inclusionary units to be rented shall remain affordable at the affordable rent to the targeted income group for 55 years
- Exemption for non-residential less than 5,000 sq ftsq 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.
Non-residential development projects and the non-residential components of mixed-use development projects with less than 5,000 square feet of net new floor area are exempt
- Exemption for projects with fewer than 10 units10 units
Residential development projects and the residential components of mixed-use development projects with fewer than ten dwelling units or lots are exempt
- Ownership low-income inclusionaryInclusionary requirementA share of new homes that must be sold or let below market rate. percentage7 pct
Seven percent of the dwelling units in the residential development project made available at an affordable sales price to low-income households
- Ownership moderate-income inclusionaryInclusionary requirementA share of new homes that must be sold or let below market rate. percentage10 pct
Ten percent of the dwelling units in the residential development project made available at an affordable sales price to moderate-income households
- Rental low-income inclusionaryInclusionary requirementA share of new homes that must be sold or let below market rate. percentage10 pct
Ten percent of the dwelling units in the residential development project made available at an affordable rent to low-income households
- Rental very low-income inclusionaryInclusionary requirementA share of new homes that must be sold or let below market rate. percentage9 pct
Nine percent of the dwelling units in the residential development project made available at an affordable rent to very low-income households
From the ordinance
The developer of an ownership residential development shall provide either: 1. Seven percent of the dwelling units ... low-income; or 2. Ten percent ... moderate-income. For rental: 9% very low-income or 10% low-income. All inclusionary units to be sold shall remain affordable for 45 years; rented for 55 years.