5466-S.E AMH BARK SERE 115

ESSB 5466 - H AMD TO H AMD (H-1915.2/23) 676

By Representative Barkis

NOT CONSIDERED 01/02/2024

On page 10, beginning on line 22 of the striking amendment, after "(6)" strike all material through "permitted." on line 25 and insert "(a) Within any station area, a bonus density must be permitted for any building meeting affordable housing requirements as follows:

(i) The greater of an additional 65 percent or 2.0 floor area ratio for any building in which all units are designated as affordable housing for at least 50 years at 80 percent of area median income for rental housing or 100 percent of area median income for owner-occupied housing;

(ii) The greater of an additional 85 percent or 3.0 floor area ratio for any building in which all units are designated as affordable housing for at least 50 years at 60 percent of area median income for rental housing or 80 percent of area median income for owner-occupied housing; and

(iii) The greater of an additional 50 percent or 1.0 floor area ratio for any building in which 10 percent of units are designated as affordable housing for at least 50 years at 80 percent of area median income for rental housing or 100 percent of area median income for owner-occupied housing, if the building is located in a city that has implemented a multifamily tax exemption program under chapter 84.14 RCW.

(b) Any floor area within a building located in a station area that is reserved for rental housing affordable at 30 percent of the area median income or owner-occupied housing affordable at 50 percent of the area median income must not be counted toward applicable floor area ratio limits.

(c)"

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