A. Application: Any person that desires a density bonus shall make an application on a form approved by the director at the time of submitting an entitlement application for the housing development for which a density bonus is requested. The density bonus provided by this chapter only applies to housing developments consisting of five (5) or more dwelling units.
B. Incentives And Concessions: When an applicant seeks a density bonus for a housing development or for the donation of land for housing within the town, the town shall provide the applicant incentives or concessions for the production of housing units and childcare facilities as provided in this chapter.
C. Available Density Bonus Options: The planning commission will grant one density bonus, the amount of which will be as specified in section 9.47.050, "Calculation Of Density Bonus", of this chapter and incentives or concessions as described in section 9.47.030, "Incentives And Concessions", of this chapter when an applicant for a housing development seeks and agrees to construct a housing development, excluding any units permitted by the density bonus awarded pursuant to this chapter, that will contain at least one of the following:
1. Ten percent (10%) of the total units of a housing development for rental or sale to lower income households, as defined in Section 50079.5 of the Health and Safety Code.
2. Five percent (5%) of the total units of a housing development for rental or sale to very low income households, as defined in Section 50105 of the Health and Safety Code.
3. A senior citizen housing development, as defined in Sections 51.3 and 51.12 of the Civil Code, or a mobile home park that limits residency based on age requirements for housing for older persons pursuant to Section 798.76 or 799.5 of the Civil Code.
4. Ten percent (10%) of the total dwelling units of a housing development are for rental or sale to persons and families of moderate income, as defined in Section 50093 of the Health and Safety Code.
5. Ten percent (10%) of the total units of a housing development for transitional foster youth, as defined in Section 66025.9 of the Education Code, disabled veterans, as defined in Section 18541, or homeless persons, as defined in the federal McKinney-Vento Homeless Assistance Act (42 U.S.C. Sec. 11301 et seq.). The units described in this subparagraph shall be subject to a recorded affordability restriction of fifty five (55) years and shall be provided at the same affordability level as very low income units.
6. Twenty percent (20%) of the total units for lower income students in a student housing development that meets the following requirements:
7. All units in the student housing development will be used exclusively for undergraduate, graduate, or professional students enrolled full time at an institution of higher education accredited by the Western Association of Schools and Colleges or the Accrediting Commission for Community and Junior Colleges. In order to be eligible under this subclause, the developer shall, as a condition of receiving a certificate of occupancy, provide evidence to the city, county, or city and county that the developer has entered into an operating agreement or master lease with one or more institutions of higher education for the institution or institutions to occupy all units of the student housing development with students from that institution or institutions. An operating agreement or master lease entered into pursuant to this subclause is not violated or breached if, in any subsequent year, there are not sufficient students enrolled in an institution of higher education to fill all units in the student housing development.
8. The applicable twenty percent (20%) units will be used for lower income students.
9. The rent provided in the applicable units of the development for lower income students shall be calculated at thirty percent (30%) of sixty five percent (65%) of the area median income for a single-room occupancy unit type.
10. The development will provide priority for the applicable affordable units for lower income students experiencing homelessness. A homeless service provider, as defined in paragraph (3) of subdivision (e) of Section 103577 of the Health and Safety Code, or institution of higher education that has knowledge of a person's homeless status may verify a person's status as homeless for purposes of this subsection.
11. For purposes of calculating a density bonus granted pursuant to this subsection, the term "unit" as used in this Section means one rental bed and its pro rata share of associated common area facilities. The units described in this subsection shall be subject to a recorded affordability restriction of fifty five (55) years.
12. One hundred percent (100%) of all units in the development, including total units and density bonus units, but exclusive of a manager's unit or units, are for lower income households, as defined by Section 50079.5 of the Health and Safety Code, except that up to twenty percent (20%) of the units in the development, including total units and density bonus units, may be for moderate-income households, as defined in Section 50053 of the Health and Safety Code.
As used in this subsection, "total units" or "a total dwelling unit" does not include units permitted by a density bonus awarded pursuant to this chapter.
D. Applicant's Election Of Basis For Bonus: For purposes of calculating the amount of the density bonus pursuant to section 9.47.050 of this chapter, the applicant who requests a density bonus pursuant to this section shall elect whether the bonus will be awarded on the basis of subsection C1 through C12 of this section.
E. Continued Affordability:
1. An applicant shall agree to the continued affordability of all low and very low income units that qualified the applicant for the award of the density bonus for fifty-five (55) years or a longer period of time if required by any applicable construction or mortgage financing assistance program, mortgage insurance program, or rental subsidy program. Rents for the lower income density bonus units shall be set at an affordable rent. Owner occupied units shall be available at an affordable housing cost.
2. An applicant shall agree that the initial and subsequent occupants of the moderate income units that are directly related to the receipt of the density bonus in a common interest development are moderate income households and that the units are offered at an affordable housing cost for the required affordability period.
(Ord. 254, 12-16-2014; amd. Ord. 320, 11-5-2024)