Ord 2018-002/replacement of Subpart B (Land Development Code) and Subpart C (SmartCode) with a new Subpart B (San Marcos Development Code “Code SMTX”) including Appendix A - E (Design Manual) and consider amendments to the City’s Preferred Scenario Map an

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x m ZONING REGULATION ARTICLE 3: GENERAL TO ALL period of affordability,they may take advantage of any incentives that are applicable to their application. DIVISION 1: AFFORDABLE HOUSING Section 4.3.1.4 Standards Section 4.3.1.1 Purpose and Intent A. Period of Affordability.Affordable and workforce housing is required to be maintained for a period of no less than 30 years. This Division implements the City's Affordable Housing Policy, which is intended to foster the preservation and production of 1. For Sale Units.The resale price of any affordable unit permanently affordable housing units.The intent of supporting shall not exceed the purchase price paid by the owner of affordable housing is: that unit during the period of affordability with the followinc exceptions: A. To narrow the housing deficit for households that cannot afford market-priced rental or for-sale housing. a. Customary closing costs and costs of sale. B. To support the local workforce and provide housing stability for b. Costs of real estate commissions paid by the seller if residents and families allowing them to live close to their jobs a licensed real estate salesperson is employed. and other services facilitating reduced traffic congestion, air pollution, and investments in city infrastructure. c. Consideration of permanent capital improvements installed by the seller. C. To support residents and families of San Marcos contributing to and developing the local economy in the long term. d. An inflation factor to be applied to the original sale price of a for-sale unit pursuant to rules established Section 4.3.1.2 Definitions under Section 4.3.1.5. A. Affordable Housing. Affordable Housing is defined as housing 2. Rental Units.During the period of affordability,the or shelter that is developed or re-developed for households applicant or his or her agent shall manage and operate earning no more than 80%of the median family income. In affordable units and shall submit an annual report order to avoid being cost burdened, households should not identifying which units are affordable units,the monthly spend more than 30%of their gross income on housing. rent for each unit,vacancy information for each year for the prior year, monthly income for tenants of each B. Workforce Housing.Workforce housing is defined as housing affordable units, and other information as required,while or shelter that is developed or re-developed for households ensuring the privacy of the tenants.The annual report earning no more than 140%of the median family income. shall contain information sufficient to determine whether Section 4.3.1.3 Applicability tenants of for-rent units qualify for affordable or workforce housing. A. Developments that elect to incorporate affordable or workforce housing meeting the requirements of this section are eligible for B. Eligible Households. In the case of for rent affordable the following types of incentives: housing units, eligible households under the affordable housing standards shall meet the following additional requirements: 1. Bonus density under Section 4.3.2.3. 1. Affordable and workforce rental units shall not be located 2. Additional stories under Section 4.3.4.5. within a complex that is designed, marketed or used for the primary purpose of housing students. 3. Reduced parking under Section 7.1.3.2. 2. Affordable and workforce rental units shall be targeted to B. Housing Preservation.If an applicant is considering residents that are 22 years of age or older. permanently preserving housing stock that had an expiring 4:18 San Marcos Development Code Adopted April 17,2018