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Shoreview Inclusionary Housing Policy Site Width 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% of AMI may reduce the required minimum site width 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. Open Space Reduction. To incentivize the creation of affordable housing units, a residential development that includes at 5%/7.5%/10% of its total dwelling units affordable to households at or below 50%/60%/80% of AMI may reduce the required minimum usable open space 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. Development Fee Deferment The city may consider development fee deferrals from the Shoreview Affordable Housing Trust Fund for zoning application fees, building permit fees, park dedication fees, sewer availability charge (SAC) fees and related infrastructure fees to a qualifying development under the following circumstances: a) When a residential development includes more than the required 5%/7.5%/10% of its total dwelling units as housing affordable to households at or below 50%/60%/80% of AMI, when calculated before any applicable density bonus, the development may be eligible to defer up to the full amount of its development fees until 12 months after the development obtains its certificate of occupancy. The city will charge an annual interest of 5% during the deferral period. b) When a residential development includes at least 10%/15%/20% of its total dwelling units as housing affordable to households at or below 50%/60%/80% of AM I, when calculated before any applicable density bonus, the development may be eligible to defer up to the full amount of its development fees until 24 months after the development obtains its certificate of occupancy. The city will charge an annual interest of 5% during the deferral period. The interest paid to the city during the deferral will be deposited into the Shoreview Affordable Housing Trust Fund.