Downtown Land Use Code | 20.25A.070
Affordable Housing Development Flexibility. A maximum of 1.0 FAR of floor area may be exempted to support the provision of affordable housing, minimum parking may be reduced, and additional development flexibility allowed, as provided below.
a. Up to 1.0 FAR of floor area dedicated to support the creation of on-site affordable housing shall not be counted for the purposes of calculating the FAR of a project, provided that:
i. For every 1.0 square feet of affordable housing provided at 80 percent AMI, 2.5 square feet is allowed for market rate housing not to exceed a maximum of 1.0 FAR total;
ii. The bedroom mix and exterior finishes shall be comparable to the market rate units, but interior design, unit size, amenities and interior finishes may vary; and
iii. An agreement in a form approved by the City will be executed by the applicant and recorded with the King County Record’s Office, or its successor organization, requiring the affordable housing to remain for the life of the project. This agreement shall be a covenant running with the land, binding on assigns, heirs, and successors of the applicant.