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Page 6 of 11 Figure 4: Elevation Facing Busch Road Inclusionary Zoning Ordinance (IZO) and Other Applicable Standards The governing standards with respect to the affordable housing component of the project are the Inclusionary Zoning Ordinance (PMC Chapter 17.44), and applicable standards of the December 2023 Objective Design Standards, and Housing Opportunity Zone District (PMC Chapter 18.38). PMC Section 17.44.040(A) provides that for all new multi-family rental residential projects of 15 or more, at least 15 percent of the subject project’s dwelling units shall be affordable to Very Low-Income Households, and/or Low-Income Households, and that for all new for sale single- family home projects of 15 units or more, at least 20 percent of the subject project’s dwelling units shall be affordable to Very Low-Income Households, Low-Income Households, and/or Moderate-Income Households. Accordingly, for purposes of the 310 single-family detached market-rate units in Villages 1, 2, and 3, the 20 percent requirement triggers an obligation to provide a total of 62 inclusionary affordable units. The requirements of the IZO are complemented by standards of the ODS with respect to specific required affordability levels and bedroom mix. A minimum of 25 percent of the inclusionary units are to be restricted at 50% of the Area Median Income (AMI) (Very Low- Income Units), 25 percent of the units at 60% AMI (Low-Income Units), and 50 percent of the units at 80% AMI (Low-Income Units). With respect to bedroom mix, 10 percent of total inclusionary units will be three-bedroom units, 45 percent of the units will be two-bedroom units, and the remaining units will be studio or one-bedroom units except no more than 10 percent of the units may be studios. The applicable zoning district (HOZ District) also includes other standards with respect to affordable housing, including location and design, generally mirroring the ODS. While the IZO generally requires the affordable units to be distributed among the market-rate units, a key provision of the HOZ is to permit clustering of the affordable units, where the inclusionary units are permitted to be in a rental apartment building or complex concentrated in an area of the project. However, the IZO also includes provisions for alternative compliance in Section 17.44.080, as follows: “The primary emphasis of this inclusionary zoning ordinance is to achieve the inclusion of affordable housing units to be constructed in conjunction with market rate units within the same project in all new residential projects. However, the city acknowledges that it may not always be practical to require that every project satisfy its affordable housing requirement through the construction of affordable units within the project itself. Therefore, the requirements of this chapter may be satisfied by various methods other than the construction Page 119 of 682