9-401.040 - FLOOR AREA RATIO BONUS

Pursuant to Government Code Section 67917.2, an eligible multifamily housing development in the R-H Residential High Density Zone that contains five or more residential units and is located on an urban infill site that is within a transit priority area or within one-half mile of a major transit stop may request a floor area ratio bonus in lieu of a density bonus if at least 20 percent of the units, excluding any additional units allowed under a floor area ratio bonus or other incentives or concessions provided pursuant to this Chapter, will have an affordable housing cost or affordable rent to, and be occupied by, persons with a household income equal to or less than 50 percent of the area median income and be subject to an affordability restriction for a minimum of 55 years.

(a)

Bonus Allowed. The floor area ratio bonus allows an eligible housing development to build additional floor area for housing above the otherwise maximum allowable density permitted under the R-H Zone.

(b)

Definitions. For purposes of this section, "major transit stop" has the same meaning as defined in Section 21155 of the Public Resources Code and "transit priority area" has the same meaning as defined in Section 21099 of the Public Resources Code.

(c)

Calculating the Bonus. The allowable additional gross residential floor area in square feet shall be the product of all of the following amounts:

(1)

An assumed base density for the R-H Zone in dwelling units per acre (15)

(2)

Multiplied by:

(3)

The site area in square feet, divided by 43,560

(4)

Multiplied by:

(5)

2,250.

(d)

No Unit Size Limitations. The builder of the eligible housing development may construct affordable units of any size with the additional floor area, and the overall density bonus limits shall not apply.

(e)

Parking Required. The minimum amount of required parking requirement shall be no more than 0.1 parking spaces for each unit that is affordable to persons and families with a household income equal to or less than 120 percent of the area median income and 0.5 parking spaces for each unit that is offered at market rate.

(f)

Impact Fees. Applicants granted a floor area ratio bonus may calculate impact fees for the additional floor area based on square feet, instead of on a per unit basis.

(g)

Other Incentives or Concessions. An applicant for a floor area ratio bonus may also request specific incentives or concessions pursuant to Section 9-401.050.