SUBSEQUENT APPLICATIONS - AFFORDABLE AND WORKFORCE HOUSING Sample Clauses

SUBSEQUENT APPLICATIONS - AFFORDABLE AND WORKFORCE HOUSING. The Applicant shall apply to the City for a housing project to satisfy the affordable housing requirement of the residential component and the workforce housing requirement of the hotel component of the Project. Said requirements shall be satisfied at the SunBay Apartment site adjacent to the golf course parcel and shall utilize the existing 21 acre feet per year (afy) water allocation of Southwest SunBay Land Company at that site, unless an alternate site is authorized in writing by the City Manager. Unless otherwise provided in the DDA, the Applicant shall file an application(s) with the City for the affordable housing and workforce housing development no later than the filing for the first Final Map for any portion of the Project. The application shall demonstrate to the satisfaction of the City Manager that the proposed project produces the number of deed restricted affordable units required to meet the City’s 20% affordable requirement for the Residential Component of the Project plus an additional unspecified number of workforce units within FORA’s flexible target range (1% - 20% in addition to the City’s affordable unit requirement) as may be constructed within the assistance limit of the City, as set forth in the DDA. Developer shall construct or provide the affordable units required to satisfy the requirements of the Residential Component and make them available for leasing by no later than the earlier of: (i) the date of the close of escrow for the Residential Component phase that includes the 80th residential lot; or (ii) the date that is six (6) years after the first close of escrow (i.e., the date of the first acquisition by Developer of any portion of any portion of the Property). Developer shall construct or provide the workforce units required to satisfy the requirements for the Hotel Component and make them available for leasing by no later than the date that the Hotel receives a Certificate of Completion under the DDA.
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