How many vacation rental permits are available each cycle

In order to construct, develop, or use a transient accommodation unit, an applicant:Must be issued a transient accommodation unit certificate by the Planning Commission; andMust obtain all necessary permits and approvals by the Planning Commission.The total number of transient accommodation unit certificates available for issuance during an allocation cycle shall be equal to 5.1% of the transient accommodation unit inventory in the allocation base year (i.e., a 1% compounded annual growth rate during the five year allocation cycle), provided that this number shall be:Decreased by 50% if the transient accommodation unit inventory in the allocation base year exceeds the allocation base year transient accommodation unit target, orIncreased by 50% if the transient accommodation unit inventory in the allocation base year is less than the transient accommodation unit inventory in the allocation base year of the previous allocation cycle and the transient accommodation unit inventory in the allocation base year is less than the allocation base year transient accommodation unit target.The Planning Commission, upon recommendation by the Planning Department, must adopt the total number of transient accommodation unit certificates available for issuance to all prospective applicants in the applicable allocation cycle before March 1st of the first year of the allocation cycle.If fractional transient accommodation unit certificates would result from the computations contained in this Section, then the number shall be rounded up to the next whole number.