HomeMy WebLinkAbout18278 Norton Ranch East Affordable Housing Plan - Planner Memo
MEMORANDUM
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TO: Sarah Rosenberg
FROM: Tanya Andreasen, Community Housing Program Manager
RE: Norton Ranch, Phase 5 Affordable Housing Plan
DATE: October 23, 2020
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Recommendation:
The Affordable Housing Plan is adequate for continued review. The Community
Housing Program Manager recommends approval of the current application.
Discussion:
The developer proposes to provide ten percent, or fourteen (14) detached 3-
bedroom Lower Priced Homes (10% of total at 70% AMI) of the 138 total homes in
the development as required by the City’s Affordable Housing Ordinance.
The applicant proposes to provide the fourteen lower priced homes in Phase V, to be
developed concurrently with 124 market rate homes. The lower priced and market
rate homes will all have three (3) bedrooms, and will be built throughout the
subdivision, as identified in the Affordable Housing Plan submitted June 10, 2020.
The applicant will be seeking Impact Fee reimbursement from the Community
Housing Fund for the qualifying Lower Priced Homes (up to fourteen homes). In
addition, the applicant is requesting that down payment assistance for qualifying
buyers under the City’s Affordable Housing Ordinance (up to $10,000 for each
qualifying home buyer of a qualifying home).
The review of the Affordable Housing Plan requires the review and recommendation
of the citizen advisory board responsible for this issue; the Community Affordable
Housing Advisory Board (CAHAB). The developer presented the Affordable Housing
Plan to CAHAB on October 14th, 2020, and after reviewing and discussing the
materials presented by the applicant, the staff memo, and hearing presentations from
the applicant and staff, CAHAB recommended that the City Commission approve the
Affordable Housing Plan for Norton Ranch East Phase V Subdivision.
RECOMMENDED CONDITIONS OF APPROVAL
Please note that these conditions are in addition to any required code provisions
identified in this report. These conditions are specific to the development.
1. The approved affordable housing plan must be recorded concurrent with the
final plat and a reference to the recorded document must be provided on the
conditions of approval page of the final plat. The reference on the conditions of
approval sheet must be “This subdivision is subject to affordable housing
requirements. The subdivision’s requirements and obligations can be found in
the Norton Ranch East Subdivision, Phase V Affordable Housing Plan recorded as
document no.___________ at the Gallatin County Clerk and Recorders Office.”
Section 3 – REQUIRED CODE PROVISIONS. All citations are to the Bozeman
Municipal Code (BMC).
2. BMC 38.380.100.A Affordable housing plan as binding agreement. An affordable
housing plan approved by the city will be considered a binding contract between
the developer and the developer's successors in interest to the lot or dwelling.
Such plan will be included in a separate recorded written agreement between
the developer and the city, or incorporated into another recorded document
wherein the developer is required to implement the affordable housing plan. The
affordable housing plan and associated written agreement must be recorded at
the time of final plat approval.
3. BMC 38.380.100.E Approval of affordable housing plan. The affordable housing
plan will be reviewed as part of the initial application approval process for the
type of development proposed. A condition shall be attached to the approval of
any subdivision plat or site plan to require recordation of the affordable housing
plan or other separate agreement obligating the developer to meet the
requirements of this article. Per this section see recommended condition
number 1 related to affordable housing.