A. Affordable Housing for Twenty-Year Tax Exemption. Projects which are seeking a twenty-year tax exemption must provide at least twenty-five percent of the units for homeownership only affordable to households whose income is at or below eighty percent of the median household income for Snohomish County adjusted for household size.

B. Adjustment for Three-Plus Bedroom Units. The affordable housing requirement can be met for owner occupancy, either partially or fully, for any units with three or more bedrooms that are available to households whose adjusted income is at or below eighty percent of median household income adjusted for household size for Snohomish County.

C. The planning director is authorized to publish income and rent limits, including the use of rent and income calculators, to assist in implementation of these affordable housing requirements. (Ord. 3954-23 § 1 (Exh. 1), 2023.)