Title 17C Land Use Standards
Chapter 17C.111 Resident ial Zones
Section 17C.111.225 Developm
ent Bonuses
Purpose.
This section implement s development bonuses on property that meets certain criteria. The provisions for Religious Organizations are given to meet the requirement s of RCW 36.70A.545 for bonuses on property owned by a Religious Organization.
Bonus.
For lots qualifying for the standards of this section, development standards listed in Table 17C.111.205-3 shall apply.
Requirement s.
Any one of the following conditions shall qualify a property for the bonuses in this section:
Transit.
The property is within one half mile of a major transit stop, as defined in SMC 17A.020.130 .
Cent er & Corridor.
The property is within one half mile of a Cent er & Corridor Zone.
Religious Organization.
The property is owned by a Religious Organization as defined in SMC 17A.020.180 and the property meets the affordability requirement s in subsection (D) of this section.
Affordable Units.
The property meets the affordability requirement s in subsection (D) of this section.
Affordability.
A development shall satisfy the affordability standards of this section if it meets the requirement s of one of the following programs for affordable housing:
State or Federal Funding.
A development receiving funding through state or federal programs for affordable housing shall meet the affordability standards of this section.
Multiple-Family Housing Property Tax Exemption.
A development that qualifies for the twent y (20) year exemption under the Multiple-Family Housing Property Tax Exemption pursuant to SMC 08.15.090 shall meet the affordability standards of this section.
Sales and Use Tax Deferral Program for Affordable Housing.
A development that qualifies for the Sales and Use Tax Deferral Program for Affordable Housing under SMC 08.07D shall meet the affordability standards of this section.
Other Affordability Programs.
A development that doesn’t match the above programs shall satisfy the affordability standards of this section if it includes the following characteristics:
Percent age of Affordable Units.
At least 25 percent of the units shall be dedicated as affordable for low-income households, as defined in SMC 17A.020.010 . When the calculation results in a fraction the number of units shall be rounded up to the next whole number.
Rent al.
Designated affordable units made available for rent shall be rent ed at a rate that is affordable to low-income households.
Sale.
The initial sale of an affordable unit upon completion of construction shall not exceed a purchase price that is affordable to a low-income household. Upon completion of an affordable unit and prior to the initial sale, the property owner shall file with the City a report indicating the unit will be purchased by a qualifying low-income household. The Planning Director shall establish a standard form for this purpose and include such information as is deemed necessary or useful.
Deed Restriction.
The applicant must record a covenant or deed restriction with the county auditor’s office ident ifying the units subject to these affordability requirement s. The deed restriction shall include a definition for low-income household consistent with the definition in SMC 17A.020.010 . The deed restriction shall make provision for the following:
These affordability requirement s shall be in effect for at least forty (40) years from the time of filing; and
Rent al rates for affordable units shall not exceed levels that are affordable to a low-income household; and
The initial sale of units from a developer to an owner-occupant shall not exceed a purchase price that is affordable to a low-income household. Subsequent purchases are not subject to a price restriction.
Size.
The units dedicated as affordable shall be no smaller in size than the smallest market rate unit in the development .
Number of Bedrooms.
The number of bedrooms in affordable units shall be in the same proportion as the number of bedrooms in units within the ent ire development .
Distribution.
The affordable units shall be distributed throughout the development .
Functionality.
The affordable units shall have the same functionality as the other units in the development .
Date Passed: Monday, November 20, 2023
Effective Date: Monday, January 1, 2024
ORD C36459 Section 16