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41 <br /> ZONING REGULATIONS <br /> C. Location Efficient Areas.Affordable and workforce housing C. For all sales of for-sale affordable housing units,the parties <br /> shall be located in areas meeting one of the requirements to the transaction shall execute and record documentation <br /> identified below: including the provisions of this ordinance and shall provide at a <br /> 1. The proposed development must have a bus route located minimum, each of the following: <br /> within one-half mile of the development by the time 80 1. The affordable housing unit shall be sold to and occupied <br /> percent of the development is completed; by eligible households for a period of 30 years from the <br /> 2. The proposed development has direct pedestrian access date of the initial certificate of occupancy. <br /> to several land uses that service residential customers, 2. The affordable housing unit shall be conveyed subject to <br /> such as food sales, general retail and other key services restrictions that shall maintain the affordability of such <br /> within one-half mile; or affordable housing units for eligible households. <br /> 3. The proposed development is within one of the following D. In the case of for-rent affordable housing units,the owner of <br /> comprehensive plan areas: the affordable housing development shall execute and record <br /> such documentation including the provisions of this ordinance <br /> a. High Intensity Zone a. Mixed Use Medium Place Type mum, each of the following: <br /> b. Medium Intensity Zone b. Mixed Use Low Place Type units shall be leased to and <br /> c. Neighborhood Low, Medium, and High useholds. <br /> c. Existing Neighborhood Area <br /> D. Dispersal of Units and Construction Phasing.The affordable 2. The affordable housing units shall be leased at rent levels <br /> units shall be distributed proportionally throughout the affordable to eligible households for a period of 30 years <br /> development, appropriately designed and integrated with the from the date of the initial certificate of occupancy. <br /> market-rate units, and, as feasible, contain the same number of 3. Subleasing of affordable housing units shall not be <br /> bedrooms as the market rate units. Thirty percent of affordable permitted. <br /> units must be delivered in the first phase (where applicable) <br /> and the remainder of the units must be delivered proportionally <br /> based on the development build-out and phasing. <br /> Section 4.3.1.5 Enforcement; Affordability Controls <br /> A. The Responsible Official shall promulgate rules as necessary to <br /> implement this ordinance. On an annual basis,the Responsible <br /> Official shall publish or make available household income limits <br /> and rental limits applicable to affordable units within the City <br /> as determined by the City's Affordable Housing Policy, and <br /> determine an inflation factor to establish a resale price of an <br /> affordable unit. <br /> B. Prior to issuing a building permit for any affordable housing <br /> development receiving an incentive under Section 4.3.1.3 <br /> the applicant shall execute any and all documents in a form <br /> approved by the City Attorney including without limitation, <br /> restrictive covenants, deed restrictions, and related instruments <br /> to ensure the continued affordability of the units under this <br /> Section 4.3.1.1. <br /> 4:20 San Marcos Development Code Amended: October 17,2023 <br />