19.90.050 Alternative or additional incentives and concessions for housing developments.
A. When a developer requests a density/FAR bonus and/or incentives or concessions pursuant to CVMC 19.90.040(A), the decision-making body shall grant incentives or concessions, subject to the following:
1. Number of Incentives/Concessions.
a. The developer shall receive the following number of incentives or concession based upon the minimum percentage of total units to be restricted as target units:
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Number of Incentives/ |
Percentage (%) of Target Units (Minimum required) |
|---|---|
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1 Incentive/ |
5% for very low income households |
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10% for lower income households |
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10% for moderate income persons or families in a common interest development |
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|
2 Incentives/ |
10% for very low income households |
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20% for lower income households |
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20% for moderate income persons or families in a common interest development |
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|
3 Incentives/ |
15% for very low income households |
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30% for lower income households |
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30% for moderate income persons or families in a common interest development |
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4 or more Incentives/ |
At the discretion of the decision-making authority |
2. Incentives/Concessions. An incentive or concession may include any of the following:
a. Development, Design, and Zoning Code Requirements. A reduction or waiver of site development standards, modification of zoning code, or architectural design requirements that exceed the minimum building standards approved by the California Building Standards, including, but not limited to, a reduction in minimum lot size, setback requirements, and/or in the ratio of vehicular parking spaces that would otherwise be required. Any waiver or reduction from the applicable development standards that is necessary to implement the density and incentives/concessions to which the developer is entitled under this subsection (A) shall not serve to reduce or increase the number of incentives/concessions.
b. Mixed Use Development. Approval of mixed use residential development in areas not permitted if: (i) commercial, office, industrial or other land uses will reduce the cost of the housing development; and (ii) the commercial, office, industrial or other land uses are compatible with the housing development and the existing or planned future development in the area where the project will be located.
c. Excess Density/FAR Bonus. A density/FAR bonus in excess of more than that which is specified in CVMC 19.90.040(B)(1) and in compliance with CVMC 19.90.040(C).
d. Other. Other regulatory incentives or concessions proposed by the developer that result in identifiable, financially sufficient and actual cost reductions that contributes to the economic feasibility of the project.
e. Financial Incentives. The City Council may, but is not required to, provide direct financial incentives, including direct financial aid in the form of a loan or grant, the provision of publicly owned land, or the waiver of fees or dedication requirements.
3. Coastal Zone. Any housing development located within the coastal zone and processed pursuant to this chapter shall be consistent with all certified local coastal program provisions, with the exception of density as approved by this chapter. (Ord. 3250 § 1, 2013).