Affordable Housing
Unit Size | Per-Unit AHTF Contribution |
|---|---|
Studio | $90,000 |
1 bedroom | $130,000 |
2 bedroom | $150,000 |
3 bedroom | $200,000 |
These unit contribution rates shall remain in effect through the end of 2014. Thereafter, annual contribution rates shall be established by the AHTF Committee based on rules and regulations promulgated by the AHTF Committee. Under no circumstances shall the Committee reduce the per-unit AHTF contribution levels listed above. For purposes of the developer's contributions to the AHTF, the provisions of § 43-197 (Bedroom distribution) shall govern. Specifically, the bedroom distribution for the affordable housing units payment in lieu of development shall be in the same proportion and mix as the market rate units; and |
Percentage of Market Rate Units Receiving Certificates of Occupancy | Percentage of Assisted Units Receiving Certificates of Occupancy | |
|---|---|---|
Up to 25% | 0% (none required) | |
25% + 1 unit | At least 10% | |
50% | At least 50% | |
75% | At least 75% | |
100% | 100% |
Affordable Housing
Unit Size | Per-Unit AHTF Contribution |
|---|---|
Studio | $90,000 |
1 bedroom | $130,000 |
2 bedroom | $150,000 |
3 bedroom | $200,000 |
These unit contribution rates shall remain in effect through the end of 2014. Thereafter, annual contribution rates shall be established by the AHTF Committee based on rules and regulations promulgated by the AHTF Committee. Under no circumstances shall the Committee reduce the per-unit AHTF contribution levels listed above. For purposes of the developer's contributions to the AHTF, the provisions of § 43-197 (Bedroom distribution) shall govern. Specifically, the bedroom distribution for the affordable housing units payment in lieu of development shall be in the same proportion and mix as the market rate units; and |
Percentage of Market Rate Units Receiving Certificates of Occupancy | Percentage of Assisted Units Receiving Certificates of Occupancy | |
|---|---|---|
Up to 25% | 0% (none required) | |
25% + 1 unit | At least 10% | |
50% | At least 50% | |
75% | At least 75% | |
100% | 100% |