This project would amend the Inclusionary Housing Ordinance (IHO) that already applies to projects with 10 or more units, to apply to projects with from two to nine units.  An in-lieu fee of $17,700 per market rate unit included in the project (payable prior to occupancy for two through four units), would be charged when an affordable unit would not be provided as part of the project. The ordinance would also state that where one to four new units are proposed the first unit would not be required to pay the in-lieu fee.  The requirement for a lot area modification for inclusionary housing would be eliminated.  The maximum sale prices of inclusionary units in employer-sponsored housing projects would be increased substantially, provided that all of the units in the project are priced at below-market restricted prices.  The in-lieu fee could be used for purchasing and reselling of existing middle and upper middle income housing, subsidizing the creation of middle and upper middle income housing, and ensuring compliance with middle and upper middle income housing policies and procedures.

Documents

·   Inclusionary Housing Ordinance Amendment Draft Negative Declaration

·   Attachments A-E