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1. Inclusionary zoning requirements under this section are waived for: <br />a. Projects resulting in fewer than six dwelling units. <br />b. Projects subject to a development agreement. <br />2. Inclusionary zoning requirements under this section, including the alternative <br />compliance fee in lieu, shall be reduced by half for projects resulting in at least six but <br />no more than fifteen dwelling units. <br />D. Requirements. <br />1. At least twenty percent of the dwelling units must affordable to households whose <br />income is at or below eighty percent of the median household income for Snohomish <br />County, adjusted for household size; <br />2. Of the affordable dwelling units required under subsection (D)(1), at least one half <br />must be affordable to households whose income is at or below sixty percent of the <br />median household income for Snohomish County, adjusted for household size; <br />3. Dwelling units intended exclusively for owner occupancy: twenty percent of the units <br />affordable to households whose income is at or below eighty percent of the median <br />household income for Snohomish County, adjusted for household size; <br />4. Affordable housing units that are provided under this section shall remain as <br />affordable housing for a minimum of 50 years, as provided in a recorded covenant <br />running with the land. The covenant shall be approved by the Planning Director and <br />filed for recording with the county auditor prior to the issuance of a certificate of <br />occupancy for any applicable structure. <br />E. Review process. Prior to the issuance of any permit(s), the department shall review and <br />approve the location and unit mix of the affordable housing units consistent with the following <br />standards: <br />1. The location of the affordable housing units shall be intermingled with all other <br />dwelling units within the development, with no more than three affordable units next to <br />each other. <br />2. The tenure (ownership or rental) of the affordable housing units shall be the same as <br />the tenure for the rest of the housing units in the development. <br />3. The bedroom mix of affordable housing units in any project shall be in the same ratio <br />as the bedroom mix of the market rate units of the project; <br />4. The floor area of the affordable housing units shall not be less than 90 percent of the <br />average gross floor area of the market rate units within the project with the same <br />number of bedrooms; and