Sec. 50052.5 | Los Angeles City Law Search

. 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 iv. Projects may exceed the minimum percentage of restricted affordable units in the table above and provide a higher percentage in exchange for additional bonuses or incentives as described in this Section (State Density Bonus Program). d. Calculating Affordability Requirements the required number of restricted affordable units for any particular incentive shall be calculated based on a project’s provided dwelling units, or shared housing units in a shared housing building, excluding any units added by a density bonus awarded pursuant to this Section (State Density Bonus Program). When calculating a project’s affordability requirement, any number resulting in a fraction shall be rounded up to the next whole number. e. Rent and Housing Cost Schedules and Covenants the rate of housing costs or rent for any required restricted affordable units shall not exceed those specified in California Health and Safety Code, Chapter 2. (Definitions), Sec. 50052.5 (Affordable Housing Costs) for for-sale dwelling units or California Health and Safety Code, Chapter 2. (Definitions), Sec. 50053 (Affordable Rent) for rental dwelling units. covenants documenting required rental or for sale rates shall be recorded pursuant to the procedures in Sec. 9.2.1.D.3. (Records and Agreements) below. f. Housing Replacement the project shall meet any applicable housing replacement requirements and demolition protections of California Government Code, Chapter 4.3. (Density Bonuses and Other Incentives), Sec. 65915(c)(3) and Div. 4C.15. (Resident Protections) of this chapter. replacement dwelling unit s required pursuant to Div. 4C.15. (Resident Protections) shall count toward any restricted affordable unit requirements. When calculating a project’s housing replacement requirement, any number resulting in a fraction shall be rounded up