Atherton City Council
November 27, 2023

Table 3: Total Unit Breakdown for Multifamily Properties in Density Bonus Scenario Density Bonus Based on Affordability Level*
Moderate Income (for sale)
(15% Bonus)
Low Income
(35% Bonus)
Very Low Income
(50% Bonus)
Address
No. of
Bonus
Units**
No. of
Total
Units
No. of
Market
Rate
No. of
Below
Market
Rate
No. of
Concessions
or
Incentives
No. of
Bonus
Units**
No. of
Total
Units
No. of
Market
Rate
No. of
Below
Market
Rate
No. of
Concessions
or
Incentives
No. of
Bonus
Units**
No. of
Total
Units
No. of
Market
Rate
No. of
Below
Market
Rate
No. of
Concessions
or
Incentives
23 Oakwood 3 19 16 3 2 6 22 19 3 2 8 24 21 3 3
175 Ravenswood 2 13 11 2 2 4 15 13 2 2 6 17 15 2 3
185 Ravenswood 2 13 11 2 2 4 15 13 2 2 6 17 15 2 3
197 Ravenswood 2 12 10 2 2 4 14 12 2 2 5 15 13 2 3
999 Ringwood 2 11 9 2 2 4 13 11 2 2 5 14 12 2 3
352 Bay Rd 2 11 9 2 2 4 13 11 2 2 5 14 12 2 3
318 Bay Rd 2 11 10 2 2 4 13 11 2 2 5 14 12 2 3
296 Bay Rd 2 11 9 2 2 4 13 11 2 2 5 14 12 2 3
*Assumes all below market rate units provided in the base project are either moderate, low, or very-low and not a combination. **Rounds up per State law