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HomeMy WebLinkAbout07 Affordable Housing Plan The Guthrie at 5th and Villard Affordable Housing Plan The vision for The Guthrie at 5th and Villard housing is to create a vibrant, high quality and respecul affordable project near the downtown core. The development team recognizes the housing crisis in our valley and lack of obtainable workforce housing. In response, we have voluntarily offered to provide a minimum of 46 housing units within the R-5 zoning that are priced no greater than 80% of Area Median Income (AMI) per the U.S. Department of Housing and Urban Development (HUD) Income Limits. The plan is to provide the units dispersed amongst all four levels of the building and available for lease to applicants earning no more than 80% of AMI. All units in the project are studios, one-bedroom, and two-bedroom units for both affordable and market rate and receive the same ameni4es. A minimum of 46 units will be made available, which is over 50% of the total project. This will include (10) studio units, (29) 1-bedroom units and (7) 2-bedroom units. The 2024 HUD AMI calcula4ons for Galla4n County are listed below. As an example, income levels for prospec4ve tenants would not exceed $61,050 for studio unit, $69,800 for 1-bedroom unit, or $78,500 for 2-bedroom unit at the current affordability calcula4on. As an example, Because HUD determines 30% of Gross Household Income, as the basis for determining monthly rent, the monthly rent would not exceed $1,526 for a studio, $1,745 for a 1-bedroom household or $1,963 for a 2-bedroom household at the current affordability calcula4on. NOTE: The Income and rent amounts provided above are es4mates only and do not reflect the final income and rent determina4on. The Guthrie at 5th and Villard Affordable Housing Plan The developer will retain a third-party management company to manage the property as well as verifying the income for each poten4al applicant to ensure they meet the income restric4ons for those units. These qualifica4ons will be verified as part of the tenant applica4on process and annually at the 4me of lease renewals moving forward. Below is a list of required data provided for the affordable housing plan per Bozeman Municipal Code Sec$on 38.380.040.A.1: a. The Total number of affordable homes is a minimum of 46 units. Total number of market rate homes is 45 units. b. The Guthrie will provide affordable homes per Table 38.380.020-1. c. All affordable and market rate units are a mix of studios, 1-bedroom, & 2-bedroom units. Studios & 1 Bedroom units have 1 bedroom each. The 2-bedroom units have 2 bedrooms each. d. All affordable units will be offered for rental. e. See Sheet A0.14 for affordable unit loca4ons included at the end of this document. f. Each applicable AMI and rental prices will be: 1 Es4mated $61,050 for 1 person (studio unit) i. Es4mated rent $1,526 for a 1-person household 2 Es4mated $69,800 for 2 people (1 bedroom unit) i. Es4mated rent $1,745 for a 2-person household 3 Es4mated $78,500 for 3 people (2 bedroom unit) i. Es4mated rent $1,963 for a 3-person household The Guthrie at 5th and Villard Affordable Housing Plan g. The requested incen4ves from sec4on ‘38.380.030 – Incen4ves Available’ will be: 3.d. - No minimum on-site vehicle parking requirement, but bicycle parking standards and requirements of 38.540.050 still apply. The Guthrie provides 36 parking spaces for residents, although 0 spaces are required due to this incentive. There are 97 bicycle parking spaces provided; Sec 38.540.050 only requires 11 bicycles spaces. 3.f (2) – Section 38.510.030.E to J block frontage standards, provided that vehicle parking is prohibited between the front or side of a principal building and a public or private street; Section 38.510.030.J.2 specifies a 10’ setback between the sidewalk and face of residence. The Guthrie is using this incentive to relax this 10’ setback as the residential units that face the parking lot are only setback 9’ between the sidewalk and face of residence. 3.f (5) - Section 38.530.050 building detail standards; The windows on the furthest south façade are using this incentive to relax Sec 38.530.050.B which requires trim or other design treatment around windows. The windows on the east façade also noted below are located within a building feature of brick accent material. 38.380.040.2.c: Shared Ameni$es Access to shared ameni4es and services by residents of the affordable homes is the same as those in the market rate homes in the development. These ameni4es include: indoor and outdoor bike storage, parking, dog run, fitness room, lobby/lounge, conference room, trash and recycling, front porch with grills, shared laundry facili4es on 2nd and 4th floors, and TV lounge on 3rd floor. 38.380.040.E: This affordable housing plan will be included as a recorded wriKen agreement between the developer and city prior to Final Site Plan Approval. North The Guthrie at 5th and Villard Affordable Housing Plan Addi$onal Informa$on Requested in Affordable Housing Applica$on & Agreement: 1. Project Narra4ve a. Type of Residen4al Units: i. All units are for rent ii. See aKached sheet A0.14 for individual unit breakdown with SF 1. (46) 80% AMI Units: 20,965 SF 2. (45) Market Rate Units: 20,556 SF iii. Parking 1. (28) Parking spaces provided on site 2. (8) on street parking spaces iv. This project will be completed in one phase b. Project Timeline i. FiNh and Villard Apartments LLC owns the site already. ii. Project Start Date: an4cipated Quarter 1, 2025 iii. Project Comple4on: Summer 2026 c. Construc4on Informa4on i. 2 Story exis4ng structure to be demolished: 31,000 SF ii. 4 Story new construc4on: 54,296 SF 1. Building Height: 46’ - 5.5” to top of roof 2. Construc4on Type: V-B 3. Use Type: the en4re building is residen4al use with amenity spaces that are accessory and serve the residen4al 4. Exterior Finishes are primarily fiber cement panel with accented areas of wood and brick. d. Affordable Housing Informa4on i. See Affordable Housing Applica4on and Agreement illustra4ng all criteria is met. e. Sustainability Features i. Not applicable in this project. 2. Site Maps and Building Plans a. See SP #24493 FEC FECFECFECFECFECFECFECFECFECFECFEC365 SFUNIT A113368 SFUNIT A115368 SFUNIT A117368 SFUNIT A119368 SFUNIT A121445 SFUNIT B122442 SFUNIT B120442 SFUNIT B118442 SFUNIT B116442 SFUNIT B114442 SFUNIT B112687 SFUNIT C1101442 SFUNIT B103442 SFUNIT B105442 SFUNIT B107442 SFUNIT B109AFFORDABLE UNITS:(3) STUDIO(5) 1-BEDROOM(0) 2-BEDROOM675 SFUNIT C1201377 SFUNIT A225442 SFUNIT B203442 SFUNIT B205442 SFUNIT B207442 SFUNIT B208735 SFUNIT C1211442 SFUNIT B210593 SFUNIT C2202367 SFUNIT A204367 SFUNIT A206384 SFUNIT A212367 SFUNIT A214442 SFUNIT B216442 SFUNIT B218442 SFUNIT B220442 SFUNIT B222442 SFUNIT B213442 SFUNIT B215442 SFUNIT B217442 SFUNIT B219442 SFUNIT B221442 SFUNIT B223595 SFUNIT C2224AFFORDABLE UNITSYes442 SFUNIT B209AFFORDABLE UNITS:(2) STUDIO(8) 1-BEDROOM(3) 2-BEDROOM675 SFUNIT C1301595 SFUNIT C2324442 SFUNIT B303442 SFUNIT B305442 SFUNIT B307442 SFUNIT B308735 SFUNIT C1311442 SFUNIT B310593 SFUNIT C2302367 SFUNIT A304367 SFUNIT A306382 SFUNIT A312367 SFUNIT A314442 SFUNIT B316442 SFUNIT B318442 SFUNIT B3320442 SFUNIT B322442 SFUNIT B313442 SFUNIT B315442 SFUNIT B317442 SFUNIT B319442 SFUNIT B321442 SFUNIT B323376 SFUNIT A325442 SFUNIT B309AFFORDABLE UNITS:(3) STUDIO(8) 1-BEDROOM(2) 2-BEDROOM675 SFUNIT C1401595 SFUNIT C1424442 SFUNIT B403442 SFUNIT B405442 SFUNIT B407442 SFUNIT B408735 SFUNIT C1411442 SFUNIT B410593 SFUNIT C2402367 SFUNIT A404367 SFUNIT A406384 SFUNIT A412367 SFUNIT A414442 SFUNIT B416442 SFUNIT B418442 SFUNIT B420442 SFUNIT B422442 SFUNIT B413442 SFUNIT B415442 SFUNIT B417442 SFUNIT B419442 SFUNIT B421442 SFUNIT B423377 SFUNIT A425442 SFUNIT B409AFFORDABLE UNITS:(2) STUDIO(8) 1-BEDROOM(2) 2-BEDROOMDrawn By:Checked By:Project Number:Sheet Number:© 2023 Solomon Cordwell BuenzAFFORDABLE UNITLOCATIONS321 N 5TH AVEBOZEMAN, MT 59715THE GUTHRIE AT 5THAND VILLARDA0.14DRRM2023029SCALE:1/16" = 1'-0"1LEVEL 1 - AFFORDABLE UNIT PLANSCALE:1/16" = 1'-0"2LEVEL 2 - AFFORDABLE UNIT PLANSCALE:1/16" = 1'-0"3LEVEL 3 - AFFORDABLE UNIT PLANSCALE:1/16" = 1'-0"4LEVEL 4 - AFFORDABLE UNIT PLANAFFORDABLE UNIT SCHEDULELevel Number Name AreaLEVEL 01LEVEL 01 103 UNIT B 442 SFLEVEL 01 107 UNIT B 442 SFLEVEL 01: 2 883 SFLEVEL 1.5LEVEL 1.5 112 UNIT B 442 SFLEVEL 1.5 113 UNIT A 362 SFLEVEL 1.5 116 UNIT B 442 SFLEVEL 1.5 117 UNIT A 368 SFLEVEL 1.5 120 UNIT B 442 SFLEVEL 1.5 121 UNIT A 368 SFLEVEL 1.5: 6 2423 SFLEVEL 2LEVEL 2 201 UNIT C1 675 SFLEVEL 2 202 UNIT C2 593 SFLEVEL 2 204 UNIT A 367 SFLEVEL 2 205 UNIT B 442 SFLEVEL 2 208 UNIT B 442 SFLEVEL 2 210 UNIT B 442 SFLEVEL 2 213 UNIT B 442 SFLEVEL 2 214 UNIT A 368 SFLEVEL 2 217 UNIT B 442 SFLEVEL 2 218 UNIT B 442 SFLEVEL 2 221 UNIT B 442 SFLEVEL 2 222 UNIT B 442 SFLEVEL 2 224 UNIT C2 595 SFLEVEL 2: 13 6133 SFLEVEL 3LEVEL 3 302 UNIT C2 593 SFLEVEL 3 303 UNIT B 442 SFLEVEL 3 306 UNIT A 365 SFLEVEL 3 307 UNIT B 442 SFLEVEL 3 309 UNIT B 442 SFLEVEL 3 311 UNIT C1 735 SFLEVEL 3 312 UNIT A 382 SFLEVEL 3 315 UNIT B 442 SFLEVEL 3 316 UNIT B 442 SFLEVEL 3 319 UNIT B 442 SFLEVEL 3 320 UNIT B3 442 SFLEVEL 3 323 UNIT B 442 SFLEVEL 3 325 UNIT A 376 SFLEVEL 3: 13 5985 SFLEVEL 4LEVEL 4 401 UNIT C1 675 SFLEVEL 4 404 UNIT A 367 SFLEVEL 4 405 UNIT B 442 SFLEVEL 4 408 UNIT B 442 SFLEVEL 4 410 UNIT B 442 SFLEVEL 4 413 UNIT B 442 SFLEVEL 4 414 UNIT A 368 SFLEVEL 4 417 UNIT B 442 SFLEVEL 4 418 UNIT B 442 SFLEVEL 4 421 UNIT B 442 SFLEVEL 4 422 UNIT B 442 SFLEVEL 4 424 UNIT C1 595 SFLEVEL 4: 12 5541 SFGrand total: 46 20965 SFMARKET RATE UNIT SCHEDULELevel Number Name AreaLEVEL 01LEVEL 01 101 UNIT C1 687 SFLEVEL 01 105 UNIT B 442 SFLEVEL 01 109 UNIT B 442 SFLEVEL 01: 3 1570 SFLEVEL 1.5LEVEL 1.5 114 UNIT B 442 SFLEVEL 1.5 115 UNIT A 365 SFLEVEL 1.5 118 UNIT B 442 SFLEVEL 1.5 119 UNIT A 368 SFLEVEL 1.5 122 UNIT B 445 SFLEVEL 1.5: 5 2061 SFLEVEL 2LEVEL 2 203 UNIT B 442 SFLEVEL 2 206 UNIT A 367 SFLEVEL 2 207 UNIT B 442 SFLEVEL 2 209 UNIT B 442 SFLEVEL 2 211 UNIT C1 735 SFLEVEL 2 212 UNIT A 384 SFLEVEL 2 215 UNIT B 442 SFLEVEL 2 216 UNIT B 442 SFLEVEL 2 219 UNIT B 442 SFLEVEL 2 220 UNIT B 442 SFLEVEL 2 223 UNIT B 442 SFLEVEL 2 225 UNIT A 377 SFLEVEL 2: 12 5397 SFLEVEL 3LEVEL 3 301 UNIT C1 675 SFLEVEL 3 304 UNIT A 365 SFLEVEL 3 305 UNIT B 442 SFLEVEL 3 308 UNIT B 442 SFLEVEL 3 310 UNIT B 442 SFLEVEL 3 313 UNIT B 442 SFLEVEL 3 314 UNIT A 368 SFLEVEL 3 317 UNIT B 442 SFLEVEL 3 318 UNIT B 442 SFLEVEL 3 321 UNIT B 442 SFLEVEL 3 322 UNIT B 442 SFLEVEL 3 324 UNIT C2 595 SFLEVEL 3: 12 5539 SFLEVEL 4LEVEL 4 402 UNIT C2 593 SFLEVEL 4 403 UNIT B 442 SFLEVEL 4 406 UNIT A 367 SFLEVEL 4 407 UNIT B 442 SFLEVEL 4 409 UNIT B 442 SFLEVEL 4 411 UNIT C1 735 SFLEVEL 4 412 UNIT A 384 SFLEVEL 4 415 UNIT B 442 SFLEVEL 4 416 UNIT B 442 SFLEVEL 4 419 UNIT B 442 SFLEVEL 4 420 UNIT B 442 SFLEVEL 4 423 UNIT B 442 SFLEVEL 4 425 UNIT A 377 SFLEVEL 4: 13 5989 SFGrand total: 45 20556 SFNO. DATE DESCRIPTION1 9/6/2024 ISSUED FOR SITE PLAN REVIEW