Planning Commission Agenda and Packet 2021 05 13

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Ordinance No. XXX, Series 2020 Page 4 of 15 legal, and economic factors have an impact on which alternatives will work for different developments. C. The inclusionary housing requirements in this Chapter are based on the City’s power to enact zoning regulations that promote the health, safety, and welfare of the community, and promotion and maintenance of a diverse housing stock within the City is an important component of the City’s zoning regulations. Sec. 17.76.020 Inclusionary housing requirements. Because land appropriate for residential development within the City is limited, it is essential that a reasonable proportion of such land be developed into housing units that are affordable to low, moderate and middle income households. All development of market-rate housing should therefore include affordable housing, and the City Council finds that 12 percent (12%) is the reasonable proportion at this time, given economic indicators and community need. For purposes of this Chapter, “affordable” shall mean dwelling units that are restricted to ownership or rental by those persons meeting the income qualifications as set forth in Section 17.76.070. A minimum of half of the affordable housing shall be limited to those households at or below sixty percent (60%) of the area median income (“AMI”), with the remainder limited to those households between sixty percent (60%) and eighty percent (80%) AMI, as calculated by the United States Department of Housing and Urban Development (“HUD”). Sec. 17.76.030 Applicability, administration, and violations. A. This section shall apply only to any development receiving approval of a final plat, final Planned Unit Development (PUD), or other similar planning approval after the enactment of this Chapter, or, when an amendment to such approvals is requested after the enactment of this Chapter, this Chapter shall apply to the increase in residential units approved with such amendment. This Chapter shall not apply to a development for which a complete application for a site-specific development plan, as defined in section 17.54.020, has been submitted prior to t he effective date of this Chapter, provided the development approved by such site -specific development plan is commenced within the timeframe provided by this Code for issuance of a building permit for such plan. Developments for which an affordable housing restrictive covenant agreement has been entered into with the City prior to the effective date of this chapter may develop in compliance with the affordable housing conditions contained in those agreements. B. The provisions of this Chapter apply to any dwelling unit that is removed and rebuilt, except as follows: