The purpose of the Pinetree Place Project Redevelopment Option zone is to provide universally accessible home ownership in the Pioneer Neighborhoods of the City on a project basis which includes individual dwelling units. This zone has been created to implement the goals of the General Plan to revitalize downtown neighborhoods with owner-occupancy and to provide home ownership opportunities for elderly and/or handicapped residents. The intent of this zone is to reinforce the growth of owner occupancy in the Pioneer Neighborhoods. The standards set forth herein are intended to encourage long term stability through home ownership requirements and to enhance the quality of these neighborhoods through compatible residential densities.