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A. Section 18.2.3.200 applies to existing multiple-family rental units, which for the purpose of this section, are defined as dwelling units designed to house multiple households within one or more structures on a single property that were constructed and occupied prior to November 3, 2007 (Ord. 2942).

B. Multi-family rental units constructed after November 3, 2007 are not subject to the provisions of this section.

C. Conversion of existing multiple-family dwelling rental units into for-purchase units, including the demolition of existing multiple-family dwelling rental units, is subject to the following.

1. Existing multiple-family dwelling structures may be converted from rental units to for-purchase housing, where all or only a portion of the structure is converted, as set forth in Table 18.2.3.200.C.1, provided the existing structure meets the following regulations of the applicable zone: permitted density, yard requirements, maximum height, maximum lot coverage, outdoor recreation space, maximum permitted floor area, waste enclosures, parking, and bike storage.

Table 18.2.3.200.C.1. Conversion of Multiple-Family Rental Units to For-Purchase Units

Number of Dwelling Units on Tax Lot

Market Rate Ownership

Affordable Ownership (per Sec. 18.2.5.050)

Market Rate Rentals

Affordable Rentals (per Sec. 18.2.5.050)

2-4

100%

0%

0%

0%

5-12

75%

0%

25%

0%

13-24

50%

0%

50%

0%

25-48

25%

0%

75%

0%

49+

0%

0%

100%

0%

2. Where an existing multiple-family dwelling structure does not meet the regulations of the applicable zone, as listed in subsection 18.2.3.200.C.1, rental units may be converted to for-purchase units, as set forth in Table 18.2.3.200.C.2 and the standards below:

a. Conversion of existing multiple-family structures to for-purchase housing shall comply with the following general regulations and the site development and design standards in part 18.4: number of bike and automobile parking spaces, trash, and recycling enclosures.

b. Conversion of existing multiple-family structures to for-purchase housing shall demonstrate that there are adequate public facilities and public services available to serve the development, including but not limited to water, sewer, electric, fire protection, and storm drainage.

c. Conversion of existing multiple-family structures to for-purchase housing shall improve the street frontage to meet adopted the applicable design standards of this ordinance, including landscaping, sidewalks and street trees, pursuant to part 18.4.

Table 18.2.3.200.C.2. Conversion of Nonconforming Multifamily Dwelling Rental Units to For-Purchase Units

Number of Dwelling Units on Tax Lot

Market Rate Ownership

Affordable Ownership (per Sec. 18.2.5.050)

Market Rate Rentals

Affordable Rentals (per Sec. 18.2.5.050)

2-4

75%

25%

0%

0%

5-12

56.25%

0%

25%

18.75%

13-24

37.50%

0%

50%

12.50%

25-48

18.75%

0%

75%

6.25%

48+

0.00%

0%

100%

0%

3. As an incentive to provide affordable rental housing units above minimum requirements in projects of five or more units, an applicant shall be granted an equal percentage of for-purchase ownership units per Table 18.2.3.200.C.3.

Table 18.2.3.200.C.3. For-Purchase Unit Bonus Where Affordable Units Exceed Minimum

Number of Dwelling Units on Tax Lot

Market Rate Ownership

Affordable Ownership (per Sec. 18.2.5.050)

Market Rate Rentals

Affordable Rentals (per Sec. 18.2.5.050)

2-4

na

na

na

na

5-12

68.75%

na

0%

31.25%

13-24

62.50%

na

0%

37.50%

25-48

56.25%

na

0%

43.75%

48+

50.00%

na

0%

50.00%

4. Units designated as market rate or affordable rental units shall be retained as one condominium tract under one ownership. This remaining rental tract shall be restricted from further consideration of conversion to for-purchase housing.

5. Affordable Housing Units provided under 18.2.3.200.C.2 and 18.2.3.200.C.3 shall meet the following affordability standards:

a. Affordable Rental Units shall be affordable for rent by households earning at or below 60 percent of the AMI in accordance with the standards established by section 18.2.5.050 (Resolution 2006-13).

b. Affordable Ownership Units shall be affordable for purchase by households earning at or below 80 percent of the AMI in accordance with the standards established by section 18.2.5.050 (Resolution 2006-13).

6. Prior to offering any units for sale the developer must comply with AMC 15.04.

7. Conversion of existing rental units into for-purchase housing shall comply with AMC 10.115.

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