Orange County NC Website
50 <br /> Development (HCD) as a condition of permit approval <br /> guaranteeing that the reserved units will be purchased by <br /> or rented to qualifying households, and shall be binding <br /> for a period of not less than 15 years from the date on <br /> which the unit is first occupied. The reserved lots or <br /> rental units shall be indicated on the site plan or <br /> Preliminary Plan. <br /> 7.14.4.2 Applicability <br /> a) A density bonus may not be approved for a Planned <br /> Development project located within any watersupply <br /> watershed designated in the Land Use Element of the <br /> Comprehension Plan. <br /> b) A 25% density bonus for duplex or multi-family units <br /> may be approved if: <br /> i. A minimum of 40% of the units are to be rented <br /> to families earning less than 60% of Orange <br /> County median income, adjusted for family size, <br /> as determined by the U.S. Department of Housing <br /> and Urban Development (HUD) . (Hereinafter, <br /> "median income") . <br /> OR <br /> ii. A minimum of 20% of the units are to be rented <br /> to families earning less than 50% of median <br /> income; or <br /> c) A 25% density bonus for single-family residential <br /> development may be approved if the greater of two <br /> (2) units or all the bonus units are to be sold to <br /> families earning less than 80% of median income; or <br /> d) A 25% density bonus for single-family residential <br /> development may be approved if land with suitable <br /> soils or access to public water and sewer is donated <br /> to Orange County for the purpose of the development <br /> of affordable housing. The donated land shall <br /> contain at a minimum the land area needed to develop <br /> the greater of two (2) units or the total number of <br /> the bonus units, in accordance with the zoning <br /> requirements of the district in which the donated <br /> land is located, or with minimum lot size of 40, 000 <br /> square feet in unzoned areas; or <br /> e) A 50% density bonus may be approved if at least 20% <br /> of the units are to be occupied by families earning <br /> less than 50% of median income and the remaining 80% <br /> of units are occupied by families earning less than <br /> 80% of median income. This bonus shall not apply to <br /> lands which have been donated to Orange County in <br /> exchange for a density bonus pursuant to d) above. <br />