Affordable Housing as a Community Benefit Sample Clauses

Affordable Housing as a Community Benefit. Developer has signed or will be signing one or more Options to Ground Lease or one or more Ground Leases with BART one of which shall restrict eighty (80) residential units on Site 6A for affordable housing purposes for a period of at least fifty-five years but no more than ninety nine (99) years, which shall be constructed as the Affordable Housing Component. Construction of the Affordable Housing Component containing affordable housing units shall be considered a Community Benefit in consideration of the fact that one or more of the Project Components are being given additional development rights (such as additional height and/or density) not allowed by existing City regulations.
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Related to Affordable Housing as a Community Benefit

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