Sec. 9.2.2. | Los Angeles City Law Search

elect to set these remaining required restricted affordable units at a lower income and affordability level. in addition, 20 percent of all project dwelling units (inclusive of a density bonus) may be unrestricted. d) Shared Equity Projects A shared equity project shall provide a percentage of dwelling units (excluding dwelling units added by a density bonus) as restricted affordable units meeting one of the following income and affordability levels for one of the unit types specified in parentheses: 16 percent for very low income households (for rent or sale), 25 | 9-28 Sec. 9.2.2. (Affordable Housing Incentive Program) Last amended by Ord. 188,478 (Resolution), Eff. 06/18/2025 Public Benefit Systems | Article 9 Div. 9.2. (Citywide Housing Incentive Programs) City of Los Angeles Zoning Code Chapter 1A percent for lower income households (for rent or sale), or 45 percent for moderate income households (for sale), as those referenced incomes, rents and housing costs are specified in California Government Code Sec. 65915. the remaining required restricted affordable units may be set up to the maximum income, affordable rent, and affordable for-sale housing cost, for households earning up to 120 percent of the area median income, as determined by the california t ax credit Allocation committee, or per California Health and Safety Code Sec. 50052.5 and Sec. 50053. A project may elect to set these remaining required restricted affordable units at a lower income and affordability level. in addition, 20 percent of all project dwelling units (inclusive of density bonus units) may be unrestricted. iii. Calculating Affordability Requirements in calculating the minimum percentage of on-site restricted affordable units, the percentage of each affordability level shall be based on the total project dwelling unit count, including dwelling units permitted as a result of a density bonus granted pursuant to Subparagraph a. (State Base Incentives) of Paragraph 2. (Base Incentives),