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H OUSING §11-5 <br />(7) Construction and rental of rental units affordable to qualified households <br />earning 60-80% of median: 1.5 credits per unit; <br />(8) Construction and rental of rental units affordable to qualified households <br />earning less than 60% of median: 2.0 credits per unit; <br />(9) Sale of finished lots affordable to qualified households earning no more than <br />100% of median: 0.5 credit per lot; <br />(10) Sale of finished lots affordable to qualified households earning no more than <br />80% of median: 1.0 credit per lot; <br />(11) Conveyance of land to a nonprofit corporation or governmental agency for <br />construction of for-sale housing units affordable for qualified households <br />earning no more than 80% of the median, or construction of for-rent housing <br />units affordable for qualified households earning no more than 60% of the <br />median, subject to the approval of the administrator of the feasibility, location, <br />and type of project. After the approval of the administrator, the credits are <br />earned upon the conveyance of the land: 1.0 credit per unit; <br />(12) A developer shall ensure that each affordable housing unit for which credit <br />was earned or awarded shall comply with resale restrictions established by <br />section 11-14. <br />(d) Affordable housing percentage requirements. <br />(1) If the developer will satisfy its affordable housing requirements by <br />constructing completed dwelling units for sale or rental, the affordable prices <br />at which the units are sold shall be such that: <br />(A) A minimum of 20% of the required affordable housing credits are earned <br />at a 1 or greater credit per unit level; <br />(B) A minimum of 30% of the required affordable housing credits are earned <br />at a 1.5 or greater credit per unit level; and <br />(C) A minimum of 40% of the required affordable housing credits are earned <br />at the 2 per unit credit level. <br />(2) If the developer will satisfy its affordable housing requirements by offering <br />finished lots, the lots shall be sold at a range of affordable prices, such that: <br />(A) A minimum of 20% of the required affordable housing credits are earned <br />at a .5 or greater per unit credit level; and <br />(B) A minimum of 20% of the required affordable housing credits are earned <br />at the 1.0 per unit credit level. <br />(e) The units shall be constructed so that the unit size, the number of bedrooms, and <br />the bedroom sizes of the affordable units are respectively consistent to the unit size, <br />the number of bedrooms, and the bedroom sizes of the market units. <br />(1998, ord 98-1, sec 2; am 2005, ord 05-23, sec 2; am 2005, ord 05-111, sec 3; am 2006, <br />ord 06-119, sec 1; am 2007, ord 07-109, sec 2; am 2011, ord 11-38, sec 1; ord 11-84, sec 2; <br />am 2012, ord 12-81, sec 1.)11-5 <br />Section 11-6. Repealed. <br />(1998, ord 98-1, sec 2; am 2005, ord 05-23, sec2; am 2007, ord 07-10, sec 1; rep 2011, ord <br />11-84, sec 3.)11-6 <br /> <br />11-5 <br /> <br />
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