Affordable units in new housing (inclusionary) in El Monte

Units shall remain reserved for the eligible income level households at the applicable affordable housing costs in perpetuity.

Units shall remain reserved for the eligible income level households at the applicable affordable housing costs for a minimum of fifty-five (55) years.

any additional dwelling units authorized as a density bonus under Chapter 17.100 (Density Bonus Provisions) of this title or State Density Bonus Law shall not be counted in determining the required number of inclusionary units.

If a housing development project consists of nine (9) or fewer units, the applicant may voluntarily elect to construct affordable units on-site and may be eligible to request the incentives listed in Section 17.102.060 of this chapter, provided that the proposed project complies with Section 17.102.050 of this chapter.

The amount of the in-lieu fee shall be calculated in accordance with the fee schedule established by resolution by the City Council;

The requirements of this chapter shall apply to new housing development projects consisting of ten (10) or more dwelling units

Lower income households | 9% of all units

Moderate income households | 6% of all units

A housing development project subject to the requirements of this chapter shall provide and designate a minimum of fifteen (15) percent of the total number of units as inclusionary units that may include ownership or rental units and must be made available at an affordable cost to eligible households.

Moderate income households | 6% of all units | 15% of all units | A credit of ½ unit for each moderate income unit provided in lieu of a required lower income unit.