The purpose of the Historic Maeser School Project Redevelopment Option zone is to preserve an historic landmark, provide affordable rental housing for senior citizens, and provide home ownership opportunities in the Maeser Neighborhood. This zone has been created to implement the goals of the General Plan to revitalize downtown neighborhoods with owner-occupancy to protect the historic neighborhood character, and increase the supply of affordable housing for the elderly. The intent of this zone is to reinforce the growth through owner occupancy in the Maeser Neighborhood. 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.