Section 29.7-29.10

Other

• Affordable housing plan required

  An 'affordable housing plan' is required for any residential or nonresidential development project that provides affordable units, either on-site or off-site and for projects applying for any alternative method of compliance under Section 29.8.

• Affordable unit size reduction20 pct

  In projects where the market rate units all exceed two thousand (2,000) square feet, the size of the affordable units may be up to twenty percent (20%) smaller than the Market Rate Units.

• AMI limit for funding80 pct

  restricts one hundred percent (100%) of the units in the development for household at or below eighty percent (80%) AMI

• Affordable units completion time5 years

  the affordable units are not completed within five (5) years from the date of the first building permit issued

• Average unit size for in-lieu fee2,000 sqftsq ftSquare feet. An acre is 43,560 sq ft; a typical suburban lot is 7,000–10,000.

  The average unit size in the project seeking to pay an in-lieu fee is two thousand (2,000) square feet or four (4) bedrooms.

• Minimum land donation size1 acreacre43,560 square feet — about the size of an American football field without the end zones.

  The property to be donated must be: (i) at least one (1) acre in size; or (ii) be of a sufficient size to accommodate the greater of (A) forty (40) units ... or (B) not less than one hundred ten percent (110%) the number of affordable units ...

• Minimum units for land donation40 units

  be of a sufficient size to accommodate the greater of (A) forty (40) units ...