Ordinance 2022-1839 - DENIED - Laserfiche WebLink

Home Browse Search

Denied on Second Reading meeting the income qualifications set forth in Section 17.76.070 of this Code. B. This declaration of policy for rezoning shall not control a rezoning which occurs incidental to a comprehensive revision of the city's zoning map. Section 2. Chapter 17.76 of the Louisville Municipal Code is hereby amended as follows : 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. A. Development of market -rate housing on property zoned to allow residential development, or residential development approved through a Special Review Use, on or before the effective date of this ordinance shall should there ro 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. B. Development of market -rate housing on property rezoned to allow residential development pursuant to Section 17.44.050.A.5 or pursuant to a Special Review Use to allow residential development shall include affordable housing, and the City Council finds that 30 percent (30%) is the reasonable proportion at this time, given economic indicators and communitv need. C. 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 ("AMP'), with the remainder limited to those persons 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 Ordinance No. 1839, Series 2022 Page 5 of 16