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