Sec. 6A-1-10. Findings.

The city council finds and determines that:
(a) It is a goal of the city to achieve a balanced community with housing available for households with a range of income levels.
(b) Increasingly, persons of very low, low and moderate income who work and/or live within the city are unable to locate housing at prices they can afford and are increasingly excluded from living within the city.
(c) The high cost of newly constructed housing does not, to any appreciable extent, provide housing affordable to very low, low and moderate income families, and continued new development which does not include an affordable housing component or contribute toward lower cost housing will further aggravate the current housing problems by reducing the supply of developable land.
(d) The housing shortage for persons of very low, low and moderate income is detrimental to the public health, safety and welfare of the residents of the city.
(e) It is a public purpose of the city, and a public policy of the state as mandated by the requirements for a housing element within the city’s general plan to make available an adequate supply of housing for persons of all economic segments of the community;
(f) State and federal funds to assist in the construction of new affordable housing are limited, and the city has limited resources with which to leverage these state and federal funds.
(g) In order to meet the city’s share of regional housing needs for very low, low and moderate income families, the city’s housing element requires that a portion of the dwelling units contained in new residential developments be affordable to very low, low and moderate income families. (Ord. No. 1393, § 3 (part).)