Laserfiche WebLink
ORDINANCE 93 29 <br />- <br />Bonus <br />(Percent increase in <br />% of Total Project Project's Maximum <br />Units Affordable Density - based upon <br />(Including Density project's applicable <br />Bonus Units) Land Use Designation) <br />10-20% 10% <br />1 21-30% 15% <br />31% + 20% <br />b. An applicant may obtain a density bonus by <br />providing affordable dwelling units off-site <br />from the residential development project which <br />will utilize the density bonus. For <br />development projects utilizing the off-site <br />e dwelling unit density bonus <br />affordable housing density bonus shall be <br />determined as follows: <br />Total Number of <br />of Off -Site <br />Affordable Dwelling <br />Units Provided as a <br />Percent of Total <br />On -Site Project Units <br />Including Density <br />Bonus Units <br />Bonus <br />(Percent Increase in <br />Project's Maximum <br />Density - based upon <br />project's applicable <br />Land Use Designation) <br />C* An applicant may obtain a density bonus by <br />providing a monetary contribution to the <br />County's Local Housing Assistance Trust Fund. <br />For residential development projects utilizing <br />the monetary contribution to the County's <br />Local Housing Assistance Trust Fund, the <br />affordable housing density bonus shall be <br />determined as follows: <br />Bonus <br />(Percent Increase <br />in Project's Maximum <br />Monetary Allowable Density - <br />Contribution based upon project's <br />applicable Land Use <br />Designation) <br />(Affordable Housing Production 3$ <br />Cost Per Unit)* X (Unit Provision <br />Factor)** X 0.50 <br />(Affordable Housing Production 7% <br />Cost Per Unit)* X (Unit Provision <br />Factor)** X 0.80 <br />(Affordable Housing Production 10S <br />Cost Per Unit)* X (Unit Provision <br />Factor)** X 1.20 <br />Coding: Words in • • type are deletions from existing law. <br />Words underlined are additions. <br />