Affordable units in new housing (inclusionary) in Richmond

Ownership residential developments proposed south of interstate highway 580 and on the Point San Pablo Peninsula are prohibited from electing to pay an in-lieu fee and must instead provide on-site inclusionary housing or another alternative approved under Section 15.04.603.080.

In-lieu fees may be established from time-to-time by resolution of the City Council.

The inclusionary housing agreement shall be recorded against the project and all contiguous property under common ownership or control and shall require compliance with this article upon development of each contiguous property at such time as there are development applications that would authorize a total of ten or more residential units and/or 5,000 square feet of non-residential floor area for the development and the contiguous property under common ownership or control or as otherwise specified in the inclusionary housing agreement.

Seven percent of the dwelling units in the residential development project made available at an affordable sales price to low-income households;

Ten percent of the dwelling units in the residential development project made available at an affordable sales price to moderate-income households.

Nine percent of the dwelling units in the residential development project made available at an affordable rent to very low-income households;

Ten percent of the dwelling units in the residential development project made available at an affordable rent to low-income households.