AFFORDABLE HOUSING INCENTIVE REGULATIONS
Type of Housing Unit | Amount of Units Required for Bonus | Density Bonus Provided to Developer | Additional Density Bonus that May Be Available to Developer |
|---|---|---|---|
Very low income | 5% | 20% | 2.5% bonus for every 1% above 5% (maximum bonus of 35%) |
Lower income | 10% | 20% | 1.5% bonus for every 1% above 10% (maximum bonus of 35%) |
Senior housing development | Minimum of 35 units | 20% | None available |
Moderate income common interest development | 10% | 5% | 1% bonus for every 1% above 10% (maximum bonus of 35%) |
Affordability Level | 1 Incentive | 2 Incentives | 3 Incentives |
|---|---|---|---|
Very low-income | 5% of units | 10% | 15% |
Low-income | 10% | 20% | 30% |
Moderate income common interest development | 10% | 20% | 30% |
One of above plus child day care facility | One additional incentive (Section 12-130D) | N/A | N/A |
AFFORDABLE HOUSING INCENTIVE REGULATIONS
Type of Housing Unit | Amount of Units Required for Bonus | Density Bonus Provided to Developer | Additional Density Bonus that May Be Available to Developer |
|---|---|---|---|
Very low income | 5% | 20% | 2.5% bonus for every 1% above 5% (maximum bonus of 35%) |
Lower income | 10% | 20% | 1.5% bonus for every 1% above 10% (maximum bonus of 35%) |
Senior housing development | Minimum of 35 units | 20% | None available |
Moderate income common interest development | 10% | 5% | 1% bonus for every 1% above 10% (maximum bonus of 35%) |
Affordability Level | 1 Incentive | 2 Incentives | 3 Incentives |
|---|---|---|---|
Very low-income | 5% of units | 10% | 15% |
Low-income | 10% | 20% | 30% |
Moderate income common interest development | 10% | 20% | 30% |
One of above plus child day care facility | One additional incentive (Section 12-130D) | N/A | N/A |