Item 24 - Agreement No. 2025-01 - MLC Holdings

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residents. By offering both market -rate and affordable housing units, the Project directly supports this goal by ensuring housing opportunities for households with varying financial means. Similarly, Policy HE-2.5 aims to facilitate the development of a variety of housing types, prices, and sizes, including single-family homes, apartments, townhomes, duplexes, mixed -use developments, transit -oriented housing, multigenerational housing, accessory dwelling units, and live - work opportunities. The Project contributes to this policy by providing a thoughtfully designed residential development that includes townhomes with ground -floor office spaces, promoting both housing diversity and economic vitality. Lastly, the proposed Project complies with Policy HE-2.7, in accordance with the Affordable Housing Opportunity and Creation Ordinance (AHOCO), which requires that new for - sale residential projects allocate at least five percent of the units to moderate -income households. By providing five units to very -low income households the project meets this requirement and ensures that a portion of its housing stock remains attainable to buyers of varying means, fostering long- term community stability and homeownership accessibility. 2. The project site is physically suitable for the type and density of the proposed project. The Project's site is physically suitable for the proposed development in terms of both type and density. The 3.72-acre site, as designed, can accommodate 86 townhome units, equating to a density of 23 dwelling units per acre, while the underlying General Plan designation allows for up to 90 dwelling units per acre. Furthermore, the Project conforms to the majority of development standards, with the exception of publicly accessible open space, for which a concession is being requested under the Density Bonus Law. However, the Project exceeds the required amount of common open space, providing approximately 13,179 square feet where only 8,007 square feet are required which may offset the amount reduced publicly accessible open space. As designed, the Project promotes connectivity to the public realm and may function as publicly accessible open space. 3. The design and improvements of the proposed project will not cause substantial environmental damage or substantially and avoidably injure fish or wildlife or their habitat. The design and improvements of the proposed Project will not cause substantial environmental damage or substantially and Resolution No. 2025-XX Page 3 of 10