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Attachment B, Affordable Housing Incentives Handout
7/20/2015 DRAFT Affordable Housing Incentives – 2015 ~ 2017 Goal: Create 54 Homes 90% AMI* Max Purchase Price: $213,000 $237,000 Goal: 75% of Units • Innovative Housing Ordinance • 1+1 Permit Review *Area Mean Income - $55,600-$61,750 80% AMI* Max Purchase Price: $190,000 $210,000 Goal: 20% of Units • Impact Fee Subsidy • Down Payment Assistance • Waive Subdivision Pre-application • Simultaneous Construction of Housing Infrastructure • Reduced Parking * Area Mean Income - $49,450- $54,900 70 % AMI* Max Purchase Price: $161,000 $179,000 Goal: 5% of Units • Reduction of Parkland *Area Mean Income - $43,200-$48,000 + 18 22 5 6 1 2 + Household Size Units Incentives