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Home My WebLink About17231 Affordable Housing Plan Application 062218AH Affordable Housing Required Materials Page 1 of 8 Revision Date 04-06-2018 Required Forms: A1, AH Recommended Forms: AFFORDABLE HOUSING PLAN APPLICATION The City of Bozeman’s Affordable Housing Ordinance requires that any new subdivision development, site plan or annexation of 10 units (single detached or attached townhomes) or larger are required to submit an Affordable Housing Plan. This application is to be submitted in conjunction with a development plan. Please also provide a site plan highlighting the proposed affordable housing lots. 1.PROJECT DESCRIPTIONDevelopment Name:_____________________________________________________________________________________________ Description:______________________________________________________________________________________________________ Property Owner Name:_____________________________________________________________________________________________________________ Full Address:_____________________________________________________________________________________________________ Phone:____________________________ Email:____________________________________________________________________ Applicant Name:_____________________________________________________________________________________________________________ Full Address:_____________________________________________________________________________________________________ Phone:____________________________ Email:____________________________________________________________________ Representative Name:_____________________________________________________________________________________________________________ Full Address:_____________________________________________________________________________________________________ Phone:____________________________ Email:____________________________________________________________________ Property Full Street Address:_____________________________________________________________________________________________ Full Legal Description:__________________________________________________________________________________________ Current Zoning:_____________________ Current Use:_____________________________________________________________________________________________________ Community Plan Designation:__________________________________________________________________________________ AH Affordable Housing Required Materials Page 2 of 7 Revision Date 04-06-2018 Required Forms: A1, AH Recommended Forms: 1.QUANTITY AND TYPE OF AFFORDABLE HOUSING UNITS The City of Bozeman’s Affordable Housing Ordinance requirements: -10% of all units must be built lower priced (70% AMI) or -30% of all units must be built moderately prices (90% AMI) or -A combination of lower priced and moderately priced home to meet the requirements Townhomes Detached Homes Total Total Units in Development Market Rate Units Lower Priced Units – 10% of Total or Moderate-Priced Units – 30% of Total Fractional Units (Cash-in-Lieu) When entering numbers into the above table, if required number of units is as a decimal, the developer/builder has the option to round up to the next whole number of units or pay cash -in-lieu to cover that partial unit. -Example:(14 total units = 1.4 lower-priced, build 2 or build 1 and pay .4 * Cash-in-Lieu Rate) 2.CITY OF BOZEMAN MAXIMUM HOME PRICE & CASH-IN-LIEU SCHEDULE – 2017 AMI Pricing for homes in the Affordable Housing Program are set annually and are based off of the US Department of Housing & Urban Development’s (HUD) annual Area Median Income (AMI). 2018 Maximum Home Prices Studio (1-Person HH) 1-2 Bedroom (2-Person HH) 3+ Bedroom (4-person HH) Lower-Priced Home - 70% AMI $151,346 $173,291 $216,589 Moderate-Priced Home - 90% AMI $204,558 $233,936 $292,297 2018 Cash-in-Lieu Rates Formula 1 or 2 Bedrooms 3+ Bedrooms (Median Market Rate Sale Price – Lower-Priced Home Sales Price) $229,374 - $173,291 $314,407 - $216,518 Cash-in-Lieu $55,453 $97,889 2018 Fractional Fee Scale in Dollars .1 .2 .3 .4 .5 .6 .7 .8 .9 1 or 2 bdrm 5,545 11,091 16,636 25,607 27,727 33,272 38,817 44,362 49,908 3+ bdrm 9,789 19,578 29,367 39,156 48,945 58,733 68,522 78,311 88,100 AH Affordable Housing Required Materials Page 3 of 8 Revision Date 04-06-2018 Required Forms: A1, AH Recommended Forms: 3.ELIGIBLE INCENTIVES (CHECK THOSE THAT APPLY BASED ON PROPOSED UNITS)Expedited Permit Review (All AH) Reduced Minimum Lot Sizes (All AH) Down Payment Assistance (70% AMI Sales Price & up to 80% AMI Buyer) Impact Fee Subsidy (70% AMI) Simultaneous Construction of Housing and Infrastructure (70% AMI) Reduced Parking (70% AMI) Reduction of Parkland (70% AMI) 4.AFFORDABLE HOUSING PLANThe Affordable Housing Plan must include answers to the following questions. 1.Explain the timing of the delivery of the affordable homes in relation to the market-rate homes inthe development? AH Affordable Housing Required Materials Page 4 of 8 Revision Date 04-06-2018 Required Forms: A1, AH Recommended Forms: 2. Construction of affordable homes is required to be consistent with the makeup of the rest of the homes in the development. What is the mix of 1, 2 and 3+ bedrooms among market rate units and how will the affordable homes that are being proposed match with that? 3. Does the site have any unusual features (terrain, wetlands, rock outcroppings, streams, etc.) a. List any unusual features here. Townhomes Detached Homes Total 1 BDR 2 BDR 3+ BDR 1 BDR 2 BDR 3+ BDR Market Rate Units Lower-Price-Units Moderate-Priced Units AH Affordable Housing Required Materials Page 5 of 8 Revision Date 04-06-2018 Required Forms: A1, AH Recommended Forms: 4. Are there any other special features within the development (how does the project meet the green building/renovation guidelines, cottage housing, common open space, dedicate parks, etc.)? a. List any special features here. 5. Explain the marketing plan for the sale of the affordable homes in the development. If you are going to be working with any partners, please list them here. (Possible partners include HRDC, the City of Bozeman, etc.) AH Affordable Housing Required Materials Page 6 of 8 Revision Date 04-06-2018 Required Forms: A1, AH Recommended Forms: 6. Plan for the construction of Affordable Homes in a phased development. The Affordable Homes being built need to be consistent with the market-rate homes in development. If the exact number of units in a phased development is not known, the developer may estimate the total number of affordable homes (if not a phased development, do not fill out this part). Phase 1 Phase 2 Phase 3 Phase 4 Phase 5 Studio/1 Bedroom 2 Bedroom 3 Bedroom AH Affordable Housing Required Materials Page 7 of 8 Revision Date 04-06-2018 Required Forms: A1, AH Recommended Forms: 7. If Affordable Homes are not being built there may be two alternatives: a. Cash-in-lieu may be used as an alternative means to satisfy the requirements of the Affordable Housing Ordinance (1922). Approval must be received from the Affordable Housing Program Manager. Cash-in-lieu will be determined at time of application based on the current AMI for the area. (describe cash-in-lieu plan below if requesting this option): b. Land-donations may be used as an alternative means to satisfy the requirements of the Affordable Housing Ordinance (1922). Approval must be received from the Affordable Housing Program Manager. Land donation values and amount will be determined at time of application based of the current AMI for the area. (describe land-donation plan below if requesting this option):