Inclusionory Zoning Policy
DRAFT RECOMMENDATIONS
STARTING JULY 1, 2022
Inclusionary Zoning (IZ) Policy Matrix
PAYMENT IN
TOTAL TIER } LIEUFOR PAYMENT IN BONUS
IZ PERCENT | TARGET AMI] TIER 2 PARTIAL LIEUFOR PAYMENTIN| DENSITY
UNITS LOCATION | REQUIRED? | REQUIRED [1] TARGET AMI UNITS? ALL UNITS? LIEU VALUE] RATIO [2]
OWNERSHIP HOUSING
Less than 10 Citywide N
10 - 49 Citywide ¥ 10% 80% N/A Y N $100,000 FA
50-99 Citywide Y 15% 80% (10%) 100% (5%) Y N $100,000 2:1
100+ Citywide ¥ 20% 80% (10%) 100% (10%) Y N $100,000 2:1
RENTAL HOUSING
Less than 10 Citywide [3] N
10 - 49 Citywide Y 10% 80% N/A Y N $37,000 1)
50 - 99 Citywide Y 15% 80% NIA Y N $37,000 1)
100+ Citywide Y 20% 80% N/A Y N $37,000 1:1
Less than 10 Downtown N
10 - 49 Downtown Y 5% 80% N/A Y¥ Y $37,000 2.5:1
50 - 99 Downtown Y 7.5% 80% N/A Y y $37,000 2.5:1
100+ Downtown Y 10% 80% N/A Y Y $37,000 2.5:1
NOTES:
{1} Target income tiers are applied based on share of total [Z requirement
[2} Bonus density ratio reflects number of additional market rate unis allowed for every IZ unit provided
(3} Citywide 1Z policy for rental housing does not apply in designated Downtown District
**January — June 2022 removes the 10 - 49 unit requirement
—a delayed start for small scale projects
