Inclusionary Housing
Guided by Foster City's Housing Element of the General Plan (H-E-2) Foster City's Inclusionary Housing Program (also known as "Below-Market-Rate Program") aims to create housing affordable to very low, low, and moderate income households in new buildings.
For all large residential projects, the City requires that 20% of the units, excluding bonus units be affordable (an inclusionary requirement). The City applies its inclusionary requirements through a process of working with the developer and the community to offer a number of incentives. Incentives offered by the City include density bonuses, funding (if funds are available), development standards flexibility, and reduced processing time.
| RESIDENTIAL DEVELOPMENT | # OF BELOW MARKET RATE (BMR) UNITS | # OF MARKET RATE UNITS |
|---|---|---|
| Marlin Cove – 1060 Foster City Boulevard, Foster City, CA 94404 | 84 | 196 |
| Foster's Landing – 700 Bounty Drive, Foster City, CA 94404 | 74 | 416 |
| Miramar – 1288 E. Hillsdale Boulevard, Foster City, CA 94404 | 48 | 111 |
| The Plaza – One Plaza View Lane, Foster City, CA 94404 | 60 | 307 |
| The Triton (formerly The Waverly) | 48 | 172 |
| One Hundred Grand (formerly Triton Pointe) – 100 Grand Lane, Foster City, CA 94404 | 33 | 133 |
| Alma Point at Foster Square – Affordable Senior Apartments - 700 Foster City Boulevard, Foster City, CA 94404 | 65 | 0 |
| City-Owned Rental Units | 6 | 0 |
| Metro Center Senior Homes – 100 Village Lane, Foster City, CA 94404 | 60 | 0 |
