AB 2372 (Gloria) Planning and zoning: density bonus: floor area ratio bonus.
|Status:||Chaptered by Secretary of State - Chapter 915, Statutes of 2018|
Provides that a local government may establish a procedure by ordinance to grant a developer of an eligible housing development, upon the request of the developer, a floor area ratio (FAR) bonus in lieu of a density bonus.
Would authorize a city council or county board of supervisors to establish a procedure by ordinance to grant a developer of an eligible housing development, upon the request of the developer, a floor area ratio bonus, calculated as provided, in lieu of a density bonus awarded on the basis of dwelling units per acre.
Would define “eligible housing development” as a development that meets specified criteria related to residential use, location, zoning, replacement of units, and affordability.
Would prohibit the city council or county board of supervisors from imposing any parking requirement on an eligible housing development in excess of specified ratios.
Would require a city or county that adopts a floor area ratio bonus ordinance to allow an applicant seeking to develop an eligible residential development to calculate impact fees based on square feet, instead of on a per unit basis.
The bill would also authorize an applicant for a floor area ratio bonus to submit a proposal for specified additional incentives or concessions, as provided.
|More Info:||Legislative Website Info|
|Last Updated:||October 5, 2018|