§ 27-1.4. Affordable Housing Requirements.

a.

Unit Requirement . An affordable housing unit requirement is hereby established for new, changed or remodeled and expanded nonresidential development in the City. The City Council shall, by resolution, based upon the Nexus Study prepared for the City by Economic and Planing Systems Inc., in November of 1989, set forth the formula for determining the number of units to be provided, the beneficiaries thereof, the relationship between this requirement and the various types of new and expanded developments, and time for the provision of the units. The requirements of this chapter shall be met by each developer prior to the issuance of the building permit or, where a building permit is not required, the use permit for the new, expanded, or changed use.

b.

Payment of In Lieu Fees . Developers of nonresidential projects may pay an affordable housing fee in lieu of providing units as described in subsection 27-1.4(a). The funds shall be used to pay for programs and activities to expand affordable housing opportunities for low- and moderate- income persons. The City Council shall, in a Council resolution, set forth the specific amount of the fee, list the types of programs and activities to be financed, describe the beneficiaries of these programs and activities, describe the reasonable relationship between this fee and the various types of new, changed and expanded developments, and the time for payment. The requirements of this chapter shall be met by each developer prior to the issuance of the building permit or, where a building permit is not required, the use permit for the new, expanded, or changed use.

c.

Annual Review . On an annual basis, the City Council shall review the unit/fee requirements to determine whether they are reasonably related to the impacts of development and whether the described affordable housing units, programs and activities are still needed.

(Ord. No. 2859 N.S.)