§ 17.48.080. Density requirements in TOD zones.  


Latest version.
  • A. Allowable residential densities within the TOD zones shall be in accordance with the following density ranges:

    Zone Minimum Density Maximum Density
    TOD-MU 12 dwelling units per acre 25 dwelling units per acre
    TOD-R 8 dwelling units per acre 20 dwelling units per acre

     

    B.

    Affordable Housing Density Bonus.

    1.

    The village shall grant a density bonus to a developer of a housing development who seeks a density bonus and agrees to construct at least one of the following:

    a.

    Ten percent of the total units of the housing development as target units affordable to low income households, at a rent that does not exceed thirty percent of sixty percent of area median income, as adjusted for assumed household size;

    b.

    Five percent of the total units of the housing development as target units affordable to very low income households, at a rent that does not exceed thirty percent of fifty percent of the area median income, as adjusted for assumed household size;

    c.

    Ten percent of the total units of the housing development as target units affordable for purchase to low to moderate income households, at an affordable ownership cost that does not exceed thirty-five percent of sixty to eighty percent of area median income, as adjusted for assumed household size; or

    d.

    A senior citizen housing development.

    2.

    In determining the number of density bonus units to be granted, the maximum residential density for the site shall be multiplied by 0.20, unless a lesser number is selected by the developer. When calculating the number of permitted density bonus units, any calculations resulting in fractional units shall be rounded to the next larger integer.

    3.

    The affordable units shall be designated units, be comparable in bedroom mix and amenities to the market-rate units in the development, and be dispersed throughout the development.

    4.

    The dwelling units shall remain available and affordable for a period of at least thirty years or longer as may be required by other laws.

(Ord. 356 (part), 2008)