9133.4. - Inclusionary unit requirements.

A.

Inclusionary units shall be reserved for very low-, low- and moderate- income households, and offered at an affordable housing cost, as follows:

1.

For all newly constructed rental units in a residential or mixed-use development, a minimum seven (7) percent of all the units in the development shall be rented to and occupied by very low-income households; a minimum four (4) percent of all the units in the development shall be rented to and occupied by lowincome households; and a minimum four (4) percent of all the units in the development shall be rented to and occupied by moderate income households.

2.

For all condominium conversion projects and newly constructed condominiums in a residential or mixeduse development, a minimum seven (7) percent of all the units in the development shall be sold to and occupied by very low-income households; a minimum four (4) percent of all the units in the development shall be sold to and occupied by low-income households; and a minimum four (4) percent of all the units in the development shall be sold to and occupied by moderate income households.

3.

For all single-family subdivisions, a minimum seven (7) percent of all the units in the development shall be sold to and occupied by very low-income households; a minimum four (4) percent of all the units in the development shall be sold to and occupied by low-income households; and a minimum four (4) percent of all the units in the development shall be sold to and occupied by moderate income households.

B.

The city shall set on an annual basis, or as otherwise needed, the maximum allowable rents and sales prices for inclusionary units, adjusted for family size.

C.

In calculating the required number of inclusionary units in section 9133.4.A.1., section 9133.4.A.2, and section 9133.4.A.3, fractional units of one-half (.50) or above shall be rounded up to a whole unit.

(Ord. No. 18-438, § 3, 10-18-18)