Sec. 6A-3-20. General inclusionary housing requirements.

The affordable housing ordinance specifies requirements based on unit type as follows:
(a) For-Sale Units.
(1) Ten percent of new for-sale units shall be affordable to low income households.
(2) This requirement shall apply to all for-sale projects of at least eight units in size. Calculations of required affordable units that result in a fraction of a unit shall be rounded up to the nearest whole unit.
(3) The city council may determine the need to implement an additional requirement for ten percent of new for-sale units to be affordable to moderate income households, based on prevailing conditions in the housing market. Such a finding would require an amendment to this chapter as well as an amendment to the Spring Lake specific plan and Spring Lake affordable housing plan.
(b) Multifamily Rental Units.
(1) Ten percent of all multifamily rental units shall be affordable to low income households and twenty percent shall be affordable to very low income households; or
(2) Twenty-five percent of the units shall be affordable to very low income households.
These requirements shall apply to all multifamily rental projects of at least ten units. Calculations of required affordable units that result in a fraction of a unit shall be rounded up to the nearest whole unit.
(3) For infill multifamily rental projects of less than forty units located within the redevelopment project area the city council may determine, that based on substantial evidence provided by the developer, standard application of the inclusionary requirement will make the project infeasible to develop. For projects in which such a determination is made, the following shall apply:
(A) The project shall receive at least two of the bonus incentives provided in Section 25-21-25 of the Zoning Ordinance (Bonus Incentive Projects) if the granting of such incentives will allow the developer to meet the standard level of affordability for very low and low income households required by this section.
(B) If, even with bonus incentives, the project is determined to be infeasible under the standard affordability requirements, the project shall be required to include a minimum of at least the percentages of units affordable to very low, low and moderate income households required by California Redevelopment Law, as it may be amended from time to time. (Ord. No. 1393, § 3 (part).)