Ordinance amending the Planning Code to allow certain Below Market Rate (BMR) Owned Units to be resold at a price affordable to households at an increased Area Median Income (AMI) level, increase the qualifying AMI limit for BMR purchasers, require BMR Owned Units originally purchased with parking spaces and other amenities to be resold with the same parking and amenities, and require periodic reporting to the Inclusionary Housing Technical Advisory Committee, Planning Commission, and Board of Supervisors of AMI level increases approved under this ordinance; affirming the Planning Department’s determination under the California Environmental Quality Act; and making findings of consistency with the General Plan and the eight priority policies of Planning Code, Section 101.1, and findings of public necessity, convenience, and welfare pursuant to Planning Code, Section 302.

Supervisor Melgar introduced the ordinance to amend the Planning Code regarding Below Market Rate (BMR) Owned Units, allowing for resale at prices affordable to households at an increased Area Median Income (AMI) level.

The Planning Department determined that the proposed ordinance complies with the California Environmental Quality Act (CEQA).

The Planning Commission held a public hearing to consider the proposed ordinance and continued the matter for further consideration.

The Planning Commission adopted findings and recommended approval of the ordinance as amended, which included provisions for adjusting AMI limits and ensuring amenities are resold with units.

The Land Use and Transportation Committee amended the ordinance to include periodic reporting requirements to various city bodies regarding AMI level increases.

The Board of Supervisors passed the ordinance on first reading, affirming the Planning Department’s determination under CEQA and making findings of public necessity.

The Mayor approved the ordinance, finalizing the amendments to the Planning Code regarding BMR Owned Units.