Affordable units in new housing (inclusionary) in Pacifica

Rental BMR units shall remain available at an affordable rent to an eligible household for a minimum of fifty-five (55) years.

The reconstruction of any structures that have been destroyed by fire, flood, earthquake or other act of nature provided that the reconstruction takes place within three (3) years of the date the structures were destroyed.

The in-lieu payment for each BMR unit shall reflect the estimated cost to provide the BMR unit and shall be set forth in a resolution adopted by the City Council.

The requirements of this article shall apply to all residential developments of eight (8) or more units, lots or parcels, including all residential developments in which eight (8) or more units will be added to existing projects.

Not less than fifteen (15%) percent of all units, lots or parcels in a residential development subject to this article shall be BMR units restricted for occupancy by very low, lower or moderate income households.

Outside the redevelopment project area, the first required BMR unit and at least fifty (50%) percent of the required BMR units shall be restricted to occupancy by lower income households and the remaining required BMR units shall be restricted to occupancy by moderate income households.