Agenda - 01-19-1999 - Attachment 3

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11 %98�DRAFTCOPYOF PROPOSED NSA�fORD1]VANC� 1 2 (a) For purposes of this section, an affordable housing unit means a dwelling unit (i) that is 3 offered for sale at a price that does not exceed two and a half times an amount equal to eighty percent of 4 the annual median income level for a family of four in the Raleigh - Durham- Chapel Hill Metropolitan 5 Statistical Area, and (ii) with respect to which the developer has entered into an arrangement with a non - 6 profit land trust or other non- profit entity to ensure that such dwelling contains to remain affordable as 7 described herein, and (iii) that conforms to the town's "Design Standards for Affordable Housing" n 9 (b) The maximum residential density permissible within a development whose maximum density 10 would otherwise be determined in accordance with the provisions of subsection 15- 182.3(b) shall be 11 increased by two dwelling units for every one affordable housing unit included within the development, up 12 to a maximum of 150% of the density otherwise allowable. To illustrate, if the maximum density of a tract 13 would be 100 dwelling units considering only the provisions of subsection 182.3(b), a developer who chose 14 to construct 10 affordable housing units as part of the development of that tract would be allowed to 15 construct 10 additional dwelling units that did not satisfy the "affordability" criteria set forth in subsection 16 (a), for a total density of 120 dwelling units. In this illustration, the maximum possible density that could be 17 achieved would be 150 dwelling units if the developer constructed at least 25 affordable housing units. 18 19 (c) Within any development that provides affordable housing units, the minimum area that must 20 be set aside as open space to satisfy the requirements of Section 15 -198 may be reduced by an amount equal 21 to twice the land area consumed by all such affordable housing units, subject to a maximum reduction of 10 22 percent in the amount of open space otherwise required. 23 24 (d) Affordable housing units constructed in accordance with this section shall be interspersed 25 throughout the development rather than isolated in one area and segregated from the other dwellings that do 26 not satisfy the "affordability" criteria set forth in subsection (a). 27 28 (e) density bonus provisions of this section, the permit issuing authority shall ensure, by 29 approval of a condition, phasing schedule, or otherwise, that affordable housing units are actually provided 30 in accordance with the provisions of this section. Without limiting the generality of the foregoing, the permit 31 issuing authority may impose a condition specifying that units" may not be issued until the corresponding 32 affordable housing units are constructed and offered for sale for an amount that is consistent with definition 33 set forth in subsection (a). 34 35 SECTION 7. Section 15 -146 (Table of Permissible Uses) is amended by adding a new classification 36 32.000 entitled "Village Mixed Use Development" and by adding the following language across the table 37 opposite this use classification: "Permissible only in Village Mixed Use Districts (See Section 15- 141.2) 38 pursuant to a conditional use permit)." 39 40 SECTION 8. Section 15 -136 is amended by adding a new subsection (11) to read as follows: 41 42 (11) O/A CU Office /Assembly Conditional Use. This district is identical to the O/A district 43 shall be subject to all regulations applicable to the O/A district (including but not limited to 44 the performance standards set forth in Part 1 of Article XI) except as follows: 45 46 a. This district shall be a conditional use district authorized under N.C.G.S. 160A -382. Tage 20 of 33