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Shoreview Inclusionary Housing Policy Use of an individual tool or incentive described in this article is prohibited if the City Council determines that the resulting development has the potential to negatively impact the surrounding neighborhood and that the negative impacts outweigh the positive benefits of the affordable units created. The City Council may, at its sole discretion, allow use of the incentives for developments that create or preserve less than 20 units where the City Council finds it to be in the public's interest. Shoreview Affordable Housing Trust Fund. The city may consider awarding funding from the Shoreview Affordable Housing Trust Fund. Tax Increment Financing (TIF) or Tax Abatement. Where eligible under applicable state laws and when consistent with the city's financial assistance policy, the city may, upon a showing of demonstrated need, consider the use of TIF or Tax Abatement as a way to incentivize the creation of housing developments that are affordable at a minimum 5%/7.5%/10% of units which include a mix of housing units affordable to households at or below 50%/60%/80% of AM I. Density Bonus. To incentivize the creation of affordable housing units, a residential development within zoning districts regulating development intensity through units per acre maximums qualify for the following density bonuses for each affordable unit provided at varying household income levels as follows: a) Each low-income household unit affordable to households at or below 80% of AMI qualifies the overall development for one bonus dwelling unit up to a maximum of a 15% increase over current zoning. In no instance may density bonus units be allocated to parcels designated by the comprehensive plan for residential densities of less than five dwelling units per gross acre. Site Area Reduction. To incentivize the creation of affordable housing units, a residential development that includes at least 5%/7.5%/10% of its total dwelling units affordable to households at or below 50%/60%/80% ofAMI may reduce the required minimum site area by up to 10% unless the City Council determines that the reduction is likely to create a specific adverse public health, safety, or welfare impact or would otherwise conflict with local, state, or federal regulations, rules, or laws.