“Affordable housing” refers to residential developments or individual dwelling units meeting fair market rent standards for households earning 60 percent or less than the Snohomish County annual median household income as adjusted for family size (60 percent AMI).

Unless specifically stated otherwise, the affordable housing incentives contained in this chapter may be utilized for multifamily housing developments and permanent supportive housing projects containing a minimum of four units that include a minimum threshold of 10 percent of units allocated as affordable for households earning 60 percent AMI and meeting other criteria as specified under each regulatory or financial incentive as listed in SMC 14.285.040 and 14.285.050. The financial incentives shall be applied to and for the benefit of the units allocated as affordable housing only. (Ord. 2480, 2024)