HomeMy WebLinkAboutGran Cielo - S. Affordable Housing 10-25-2017 Affordable Housing
The subdivision will conform to the BMC Affordable Housing Requirements, and affordable
housing calculations are provided in this section.
Gran Cielo Major Subdivision
Preliminary Plat Application
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PARTNERS
23 October 2017
City of Bozeman
Department of Community Development
ATTN: Martin Matsen, Director of Planning
20 East Olive Street
Bozeman, MT 59771
RE: Gran Cielo Subdivision Affordable Housing Requirements
Dear Mr. Matsen:
This letter is to state our intent to comply with the affordable housing regulations.
Further, given that the land owner is not a home builder and the complexity tracking
the marketing and sales of the home we are requesting to meet the requirements of
the Article 43 of Chapter 38 of the Bozeman Municipal Code per 38.43.140.B.1
Payment of Cash in Lieu. Further per 38.43.140.C.1 We are requesting that said
Cash in Lieu be paid as a condition of approval for each phase of the development.
Attached is the worksheet with the calculation for housing units subject to the Article
43 in each phase of the planned subdivision development. Given the impossibility of
knowing the exact size and number of bedrooms of each home to be built in the
subdivision we have assumed that two thirds of the duplex units will be 2-bedroom
units and that all of the detached single-family home will have 3+ bedrooms.
We believe affordable housing to be a community problem not a developer problem
and view the fees proposed in the ordinance to be a development tax that may upon
implementation not be enforceable. In the event the ordinance is challenged and
implementation of the ordinance is blocked we will request a full refund of the Cash in
Lieu paid.
Sincerely,
Gregory J. Allen
Principal
8401 Wagon Boss Road, Bozeman, Montana 59715
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Gran Cielo Subdivision
Fee-in-lieu
Phase 1 Total Attached Rounding
Duplex/Townhome
#Of Units 12 1.2
#of 2 bed 8 0.8 1
#of 3 bed+ 4 0.4 0
1.2
Total 1.00
2 bed 3 bed+
MEDIAN PRICE 2015/2016* $ 197,200 $ 260,500
80%AMI w/DOWN $ 182,214 $ 228,370
80%AMI NO DOWN $ 177,834 $ 222,223
70%AMI w/DOWN $ 159,229 $ 199,546
70%AMI NO DOWN $ 155,282 $ 194,569
Phase 1 Total Detached Rounding
Single Family
#Of Units 32 3.2
#of 2 bed 0 0 0
#of 3 bed+ 32 3.2 3
3.2
Total 3.00
2 bed 3 bed+
MEDIAN PRICE Prev 12 Months $ - $ 330,000
80%AMI w/DOWN $ 182,214 $ 228,370
80%AMI NO DOWN $ 177,834 $ 222,223
70%AMI w/DOWN $ 159,229 $ 199,546
70%AMI NO DOWN $ 155,282 $ 194,569
Per Unit
80%NO DOWN Fee in Lieu $ 23,240 $ 390,817 $ 414,057 $ 9,410
70%w/DOWN Fee in Lieu $ 45,566 $ 490,599 $ 536,165 $ 12,186
70%NO DOWN Fee in Lieu $ 50,302 $ 512,496 $ 562,798 $ 12,791
Gran Cielo Subdivision
Fee-in-lieu
Phase 2 Total Attached Rounding
Duplex/Townhome
#Of Units 0 0
#of 2 bed 0 0 0
#of 3 bed+ 0 0 0
0
Total 0.00
2 bed 3 bed+
MEDIAN PRICE 2015/2016* $ 197,200 $ 260,500
80%AMI w/DOWN $ 182,214 $ 228,370
80%AMI NO DOWN $ 177,834 $ 222,223
70%AMI w/DOWN $ 159,229 $ 199,546
70%AMI NO DOWN $ 155,282 $ 194,569
Phase 2 Total Detached Rounding
Single Family
#Of Units 23 2.3
#of 2 bed 0 0 0
#of 3 bed+ 23 2.3 2
2.3
Total 2.00
2 bed 3 bed+
MEDIAN PRICE Prev 12 Months $ - $ 330,000
80%AMI w/DOWN $ 182,214 $ 228,370
80%AMI NO DOWN $ 177,834 $ 222,223
70%AMI w/DOWN $ 159,229 $ 199,546
70%AMI NO DOWN $ 155,282 $ 194,569
Per Unit
80% NO DOWN Fee in Lieu $ - $ 247,886 $ 247,886 $ 10,778
70%w/DOWN Fee in Lieu $ $ 300,045 $ 300,045 $13,045
70% NO DOWN Fee in Lieu $ - $ 311,491 $ 311,491 $13,543
Gran Cielo Subdivision
Fee-in-lieu
Phase 3 Total Attached Rounding
Duplex/Townhome
#Of Units 0 0
#of 2 bed 0 0 0
#of3bed+ 0 0 0
0
Total 0.00
2 bed 3 bed+
MEDIAN PRICE 2015/2016* $ 197,200 $ 260,500
80%AMI w/DOWN $ 182,214 $ 228,370
80%AMI NO DOWN $ 177,834 $ 222,223
70%AMI w/DOWN $ 159,229 $ 199,546
70%AMI NO DOWN $ 155,282 $ 194,569
Phase 3 Total Detached Rounding
Single Family
#Of Units 46 4.6
#of 2 bed 0 0 0
#of 3 bed+ 46 4.6 4
4.6
Total 5.00
2 bed 3 bed+
MEDIAN PRICE Prev 12 Months $ - $ 330,000
80%AMI w/DOWN $ 182,214 $ 228,370
80%AMI NO DOWN $ 177,834 $ 222,223
70%AMI w/DOWN $ 159,229 $ 199,546
70%AMI NO DOWN $ 155,282 $ 194,569
Per Unit
L63
80% NO DOWN Fee in Lieu $ - $ 495,773 $ 495,773 $ 10,778
70%w/DOWN Fee in Lieu $ $ 600,090 $ 600,090 $ 13,045
70% NO DOWN Fee in Lieu $ $ 622,983 $ 622,983 $13,543
Gran Cielo Subdivision
Fee-in-lieu
Phase 3 Total Attached Rounding
Duplex/Townhome
#Of Units 0 0
#of 2 bed 0 0 0
#of 3 bed+ 0 0 0
0
Total 0.00
2 bed 3 bed+
MEDIAN PRICE 2015/2016* $ 197,200 $ 260,500
80%AMI w/DOWN $ 182,214 $ 228,370
80%AMI NO DOWN $ 177,834 $ 222,223
70%AMI w/DOWN $ 159,229 $ 199,546
70%AMI NO DOWN $ 155,282 $ 194,569
Phase 3 Total Detached Rounding
Single Family
#Of Units 0 0
#of 2 bed 0 0 0
#of 3 bed+ 0 0 0
0
Total 0.00
2 bed 3 bed+
MEDIAN PRICE Prev 12 Months $ - $ 330,000
80%AMI w/DOWN $ 182,214 $ 228,370
80%AMI NO DOWN $ 177,834 $ 222,223
70%AMI w/DOWN $ 159,229 $ 199,S46
70%AMI NO DOWN $ 155,282 $ 194,569
Per Unit
80% NO DOWN Fee in Lieu $ - $ - $ - #DIV/01
70%w/DOWN Fee in Lieu $ $ $ #DIWOI
70%NO DOWN Fee in Lieu $ $ $ #DIWOI
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