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A. The purposes of this chapter are:

1. To increase the supply of multifamily housing opportunities within the city for low- and moderate-income households;

2. To promote community development and affordable housing in the city within residential targeted areas;

3. To encourage additional housing in certain areas to support investment in public transit projects; and

4. To accomplish the planning goals required under the Growth Management Act, Chapter 36.70A RCW, as implemented by the city’s comprehensive plan.

B. The designation of a residential targeted area under this chapter may further any one or a combination of these purposes. (Ord. 2358 § 1, 2021).