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Ordinance No. <br />Page 13 of 32 <br /> <br />P24-0505, Pleasanton Municipal Code Amendments City Council, November 17, 2024 <br />Exhibit A, PMC Amendments, Page 13 <br />. These standards shall be set forth in the affordable/inclusionary units: housing <br />agreement for the project. <br />i. For for-sale projects, the average number of bedrooms per unit for all <br />affordable units in the project shall equal the average number of bedrooms <br />for all other units in the project, up to a limit of three bedrooms per unit; <br />ii. For rental projects, a minimum of 10 percent of the total affordable units <br />shall be three-bedroom units; a minimum of 40 percent of the total <br />affordable units shall be two-bedroom units; and the remaining affordable <br />units shall be studio or one-bedroom units except that no more than 10% <br />of units may be studios. Age-restricted projects shall not be required to <br />provide three-bedroom units, and may instead provide additional studio, <br />one- or two-bedroom units in lieu of the required three-bedroom units. <br />This provision shall not apply to affordable units that are financed with <br />low-income tax credits. The director of community development may <br />approve deviations from the specified bedroom mix for projects with 10 or <br />fewer inclusionary units, except that at least 50 percent of units shall have <br />at least two bedrooms if the market rate project also provides units of that <br />size. <br />I. Inclusionary units shall remain affordable in perpetuity from the date of occupancy, <br />which shall be the date the city of Pleasanton approves performs final inspection for <br />the building permit, through recordation of an affordable housing agreement as <br />described in Section 17.44.060 of this chapter. <br />J. All inclusionary units in a project shall be constructed concurrently with, within or <br />prior to, the construction of the project's market rate units, unless an alternative <br />schedule for construction is approved by the city council in accordance with Section <br />17.44.080 below. “Concurrently” means that all inclusionary units shall be built prior <br />to the full build-out of market rate units in the same residential development project. In <br />phased developments, inclusionary units shall be constructed and occupied in <br />proportion to the number of market rate units constructed and occupied in each phase <br />as follows:. <br />1. A building permit may not be issued for any market rate unit unless a proportional <br />number of building permits has been issued for inclusionary units; and <br />2. A certificate of occupancy or final inspection may not be issued for market rate <br />units unless a proportional number of certificates of occupancy or final <br />inspections have been issued for inclusionary units. <br />K. For purposes of calculating the affordable rent or affordable sales price of an <br />inclusionary unit, the following household size assumptions shall be used for each <br />applicable dwelling unit type: <br /> <br />Unit Size <br />HUD Income Category by <br />Household Size <br />Studio unit 1 person <br />1 bedroom unit 2 persons <br />Page 62 of 658