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<br /> Pete Hoffmann, Council Chair <br /> and Council Members <br /> <br /> Apri12, 2007 <br /> <br /> Page 2 <br /> all or a portion of the lots created within the rezoned area, provided that in <br /> that case the applicant shall be required to earn one affordable housine <br /> credit for every ten full-time equivalent iobs created, based on ten full-time <br /> equivalent iobs per acre. <br /> When an applicant presents its plan for satisfying an affordable <br /> housing requirement, it shall have an opportunity to demonstrate that <br /> current economic and housing conditions in the region surrounding its <br /> development do not warrant the imposition of the above-stated <br /> generalized requirements. The administrator and County housing <br /> agencv shall consider such conditions in determining whether lesser <br /> requirements are warranted because of a lower demand created by that <br /> particular development or because of sufficient supply in the area. The <br /> administrator and County housing agencv shall also take into account <br /> the extent to which the imposition of these reauirements on private <br /> industrial developments and not upon exempted State industrial lands <br /> that may create an unequal competitive situation for new development." <br /> JI'/dwe <br /> <br />