Does Thousand Oaks require affordable units in new housing?

Thousand Oaks's code: Individually sold inclusionary units stay affordable 45 years from initial occupancy. (§ 9-10.308); Rented inclusionary units stay affordable while the property has residential use, but at least 55 years from initial occupancy. (§ 9-10.308).

Thousand Oaks affordable units in new housing (inclusionary)

Thousand Oaks code What Thousand Oaks's code adds
How long units stay affordable	Individually sold inclusionary units stay affordable 45 years from initial occupancy. § 9-10.308 · code text Inclusionary units which are individually sold shall remain affordable for a cumulative period of forty-five (45) years from the date of initial occupancy. Rented inclusionary units stay affordable while the property has residential use, but at least 55 years from initial occupancy. § 9-10.308 · code text Inclusionary units which are rented shall remain affordable for as long as the property is developed with a residential use, but not less than a fifty-five (55) year period from the date of initial occupancy.
Exemptions	Residential developments of 9 or fewer dwelling units are exempt. § 9-10.303 · code text A residential development of nine (9) or fewer dwelling units.
Fee instead of units	The City Council sets the fee, charged per leasable or saleable square foot of all units in a project. § 9-10.306 · code text The fee set by City Council pursuant to Section 9-10.306 shall be charged per leasable or saleable square foot of all units in a project. The City Council fee schedule applies, adjusted yearly by Ventura County new home price and apartment rent changes. § 9-10.306 · code text In-lieu fees shall be paid according to a fee schedule adopted by the City Council and will be adjusted annually based on the percentage change in new home prices and average apartment rent increases in Ventura County.
Projects it applies to	The rule applies to 10 or more residential units. § 9-10.302 · code text Unless otherwise exempted pursuant to Section 9-10.303, all residential developments of ten (10) or more residential units shall be subject to the requirements of this article, and shall be subject to the following requirements:
Share of affordable units	At least 10% of units must be inclusionary. Applies: Applies to apartment developments; low-income inclusionary units. § 9-10.302 · code text Apartment developments shall provide at least ten (10%) percent of the total dwelling units as low-income inclusionary units. At least 10% of units must be inclusionary. Applies: Applies to condominium/townhome developments; moderate-income inclusionary units. § 9-10.302 · code text Condominium/Townhome developments shall provide at least ten (10%) percent of the total dwelling units as moderate-income inclusionary units. At least 5% of units must be inclusionary. Applies: Applies to detached single-family home developments; moderate-income inclusionary units. § 9-10.302 · code text Detached single-family home developments shall provide at least five (5%) percent of the total dwelling units as moderate-income inclusionary units. 15% of units are required. Applies: Applies to rental inclusionary units used to meet ownership development obligations; low-income level unless the developer volunteers very low-income units. § 9-10.306 · code text Fifteen (15%) percent applied to the total number of ownership housing and apartment units being developed. 15% of units are required. Applies: Applies to units built on land dedicated to meet the inclusionary requirement; eligible very low-income households. § 9-10.306 · code text The inclusionary units constructed on the land shall be set at fifteen (15%) percent of the rental units and affordable to eligible very low-income households.

Affordable units in new housing (inclusionary) in Thousand Oaks

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