Inst 2011078208 - Laserfiche WebLink

Home

• 3.32.030 • The replacement housing plan shall include cost to persons and families of low or (1) the general location of replacement moderate income shall be available at housing to be provided, (2) an adequate means affordable housing cost to, and occupied by, of financing such housing, (3) a finding that very low income households. the replacement housing either does not At least fifteen percent (15%) of all new require the approval of the voters pursuant to and substantially rehabilitated dwelling units Article 34 of the California Constitution, or developed within the project area by public or that such approval has been obtained, (4) the private entities or persons other than the number of dwelling units housing persons and agency shall be available at affordable families of low • or moderate income to be housing cost to persons and families of low or provided, and (5) the timetable for meeting moderate income. Not less than forty percent . relocation, rehabilitation, and replacement (40 %) of the dwelling units required to be housing objectives. A dwelling unit whose available at affordable housing cost to persons replacement is required but for which no and families of low or moderate income shall replacement housing plan has been prepared, be available at affordable housing cost to very shall not be destroyed or removed from the low- income households. low- and moderate- income housing market To satisfy these inclusionary requirements, until the agency has adopted replacement the agency may cause, by regulation or • housing plan. agreement, to be available at affordable . Nothing in this section shall prevent the housing costs to persons and families of low agency from destroying or removing from the or moderate income or to very low- income low- and moderate- income housing market a households, as applicable, two units outside dwelling unit that the agency owns and that is the project area for each unit that otherwise an immediate danger to health and safety. The would have had to be available inside the, agency shall, as soon as practicable, adopt by project area. The agency may also aggregate resolution a replacement housing plan with new or substantially rehabilitated dwelling • respect to such dwelling unit. (Ord. 99 -025 § units in one or more project areas, provided 212.2, 1999) that the agency finds, based on substantial evidence, after a public hearing, that the 3.32.030 Inclusionary requirements aggregation will not cause or exacerbate for new or rehabilitated racial, ethnic, or economic segregation. dwelling units within the As an alternative means of meeting these project area. inclusionary requirements, the agency may At least thirty percent (30 %) of all new and purchase or otherwise acquire or cause by substantially rehabilitated dwelling units regulation or agreement the purchase or other developed by the agency shall be available at acquisition of, long -term affordability affordable housing cost to persons and covenants on multifamily units that restrict the families of low or moderate income. Not less cost of renting or purchasing those units. To than fifty percent (50 %) of the dwelling units be eligible. the units must be multifamily units • required to be available at affordable housing that either: (I) are not presently available at affordable housing cost to persons and 139