17.141.050 Program duration.
The downtown flexible density program shall have an initial duration consistent with the current housing element cycle and expire on January 1, 2029, or until five hundred new residential units are entitled or permitted under this program, whichever occurs first.
A. Exclusion of Affordable Housing Units. Housing units that are deed restricted as affordable to moderate-income or below households, as defined in the city’s below market rate housing standards, will not count towards the five-hundred-unit program limit.
B. Pending Applications. Any application for new development that is deemed complete prior to the expiration of the program term as established in this section may continue to be processed in accordance with this chapter. (Ord. 1726 § 7, 2023)