Marketrate development. It would depend. So those projects that were contemplating . Great. Commissioner antonini, i would move to adopt . Second. Commissioner antonini . Yes, as you know, there is a statewide requirement to provide housing for all income levels and in particular county or cities. But it does not necessarily have to be inclusionary housing. I mean, you can use other methods of doing it. From what i understand, and maybe you could comment on other jurisdictions within the bay area . What do they do . If they use inclusionary, what sort of percentages of ami are they using for their rental and housing or ownership units . Are they similar to ours . Are they lower percentages . Well, there is an ami level and there is also the 15 onsite and 20 offsite . Im afraid i cant comment on that. I am not familiar with Inclusionary Programs in other jurisdictions. That is a problem for me, because when i am asked to vote on this, i have to know what other places are doing and i thi
Effective date basically saying that the Procedures Manual and associated documents do not become effective until this associated ordinance becomes effective. So those are two of the nonsubstantive changes that i think should be added to the resolution. The other in responding to representative for a project which you had approved in october. They were concerned that some of the changes might apply to this project, which you had approved, but they havent finalized their entitlements. This is a project that has some of the cdlacfunded units and they felt that going through the inclusionary housing might be burdensome for them. We dont think its burdensome and we dont think it was intended to apply to projects that you already approved and therefore, were recommending that you do a grandfathering for those projects. So that this ordinance and the change of procedures would only apply to those projects that are approved after the Effective Date of the ordinance. So i think that is appropr
Call middleincome permanently Affordable Housing stock. That is it and were still waiting for information that shows us that the market is producing anything. In that income category its above where our publicly subsidized Affordable Housing can hit. This is the program that frankly produces housing for the middleclass, who are not able to reach the market. Its impressive over the life of the program. I think you heard a lot of numbers, 1200 units,. That is a good track record. As you all know the Housing Trust fund was a big package. And within that, and i think really smartly, we dont see it as a giveaway, but we see it as a very intentional and thoughtful policy. It incents onsite bmr to the developer for exchange to producing units, bricks and mortar, permanently Affordable Housing and developers are rewarded for that. So we should see an increase in the number of bmrs because of that. There is also a piece of trailing legislation that will come before you presumably in the 1st qua
Recertification of income. The fourth point compliance is referenced to the land dedication to give additional instruction to the planners to identify in the review process whether the land dedication applies to a single site or multiple sites in cases where there are multiple parcels being dedicated under the land dedication model. Also under the land dedication model, we make clear that the approval letter that moe issues can change, but only under situations based on new information. But approval by the mayor and the board of supervisors is of course final. And finally, important insertion under our bmr rental to ownership conversion rule. Where the right of first refusal for the existing resident includes pricing at the original bmr rental rate. Or the actual income level of the renter, in cases where the existing occupant or tenant, their income has increased above the rental level. The pricing of the unit under that first right of first refusal scenario would be priced per their