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Title:
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Ordinance amending Section 315.4 to provide for a new alternative to meeting the requirements of the Residential Inclusionary Affordable Housing Ordinance; adding Section 315.6A. to provide that a project sponsor may pay the amount of the in lieu fee to a qualifying nonprofit entity to acquire and rehabilitate units as permanently affordable rental housing if the number of resulting units will be 25% higher than the amount provided under the existing off-site alternative; and making findings, including findings under the California Environmental Quality Act.
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