The City's inclusionary Housing Ordinance requires that a percentage of new residential developments that are built be affordable to households that are lower income (for rental units) or moderate income (for ownership units). Applications for initial lease-up or purchase of these BMR units generally involve a pre-application and lottery. In some cases, the developer will pay an affordable housing fee that is deposited to the City's Affordable Housing Trust Fund in-lieu of providing the BMR units.
Additional Affordable Housing Efforts
In addition to the BMR units, the City helps to increase the supply of affordable housing by providing funds to 100% affordable housing projects. The City may use funds from its Affordable Housing Trust Fund, or funding it receives from the state or Department of Housing and Urban Development (HUD) that can only be used for affordable housing. Like the BMR units, applications for initial lease-up of these units generally involve a pre-application and lottery.