Mandatory Inclusionary Zoning

Transcription

1 Boston, MA ,141 Boulder, CO (1980; 1999) 99,093 Cambridge, MA (1998) 101,355 Chapel Hill, NC 49,368 Davis, CA ,308 Mandaty Inclusionary Zoning 10 units 10% <80% AMI (1/2 <80-120% AMI (1/2 Maximum legally allowed Fee In-Lieu Off-Site Units: 15% 1 unit 20% <80% AMI Permanent Fee In-Lieu Dedicate Existing Units Off-Site Units Must construct 1/2 of required units 10 units 15% <65% AMI (10-30% AMI resources) 5 units 15% (rental) 15% (owner) 5 units 10% <50% AMI (2/ % AMI (5/7 None except Increased height and FAR only in financial district Permanent None 30% Density (1/2 market, 1/2 affdable) <80% AMI Fee in lieu Permanent If developer proves hardship 246 affdable $1.8 million funds generated 2004 None 56 affdable (2003) 25% Density Incentive Zoning (1988) If nonresidential developers needed special permit contribute to affdable housing trust Half of units go to housing choice vouchers recipients Through land dedication, an alternative to developing onsite, nonprofit developers have made 1,500 affdable units since affdable

2 Denver, CO ,636 Fairfax County, VA ,749 Highland Park, IL ,365 Mandaty Inclusionary Zoning 30 units 10% (fsale) 10% (rental voluntary) <80% AMI (<3 sties) <95% AMI (4+ sties) <65% AMI 50 units % <50% AMI (1/3 rentals) <70% AMI (2/3 rentals) <70% AMI (Own) (25-40% AMI resources 20% <65% AMI (50% own) <50% AMI (33% rental) <45% AMI (33% rental) <51%-80% AMI 33% rental Irvine, CA 15% 45% AMI (33% rental) 15 yrs Fee In-Lieu: 50% price per unbuilt unit Off-Site Units 15 yrs 20 yrs (rent) 50 yrs (pri to 1998) 25 yrs Off-site units Fee in Lieu Dedication of land 30 yrs Fee in lieu Off-site units 20% Density (single family) 10% Density (multifamily) $5,000/f-sale unit (up to 1/2 of all $10,000/rental unit (to <50% AMI) Expedited review Reduced parking requirements 20% Density Development cost off-sets Density PUD Discretionary Zoning applies to both new developments and renovations Recertify applicable renters annually First-time homebuyer mtgage assistance 1/2 of units offered to Housing Authity Fixed rate 30 yr mtgage Down payment 5% purchase price Annual gap study 3,395 affdable 1/3 of the units go to <40% AMI

3 Lexington, MA 30,355 Loudon County, VA (1993; 2000) 169,599 Madison, WI 208,054 Montgomery County, MD ,629 Miami-Dade County, FL Mandaty Inclusionary Zoning 5% low 15% low 25% moderate 40% middle Low- below %50 of Boston SMSA median Moderate 50-80% Boston SMSA MI Upper Moderate % Boston SMSA MI 50 units 6.50% 30-70% AMI 30-50% AMI (rent) 15% rental <80% AMI (10% 15% owner own) 60% AMI (10% rent) 50 units % <65% AMI (30% resources) 15 yrs 20 yrs (rent) 50 yrs Off-site units Cash in lieu 10 yr 20 yr (rent) 10% Density 203 affdable units (1999) 10% Density (up to 20% based on size and parking) Reduction in Park Dedication Requirements 25% Reduction in Parking Requirements Cash subsidies 22% Density Fee Waivers/ Deferrals Lower min. lot requirements Reduce property tax Housing Authity has the right to purchase up to 1/3 of affdable units Housing Authity has the right to purchase up to 1/3 of affdable units 11,000 affdable units created

4 Mandaty Inclusionary Zoning Location/ Mgan Hill, CA 20% f low 10% f very low 50% f seni citizens Pleasanton, CA 67,724 Sacramento, CA (2000) 407,018 San Diego, CA (1992; 2003) 1,266,641 San Francisco, CA (1992; 2002) 776, yrs 25% Density 15-20% Off-site units Credit Transfers Alternate Methods of Compliance Lower Income Housing Fee Option 9 units 15% <50% AMI (2/ % AMI (1/3 10 units 10% <65% AMI <100% AMI 10 units 10% < 80% AMI <120% AMI 30 yrs Off-site: If insufficient land on-site and new units are in "new growth" areas Fee Waiver Deferral Design Modifications Second Mtgages Priity Processing 25% Density Expedited review Reduced water/sewer fees Relaxed design guidelines Priity f 649 affdable subsidies 55 yrs Fee In-Lieu None 1,200 affdable $300,000 funds generated yrs Fee In-Lieu: Citywide Affdable Housing Fund Off-site: 15% Fee waivers 578 affdable

5 Santa Fe, NM ,203 South San Francisco, CA ,552 Southold, NY 20,599 Tallahassee, FL ,500 Mandaty Inclusionary Zoning 1 unit 11-16% Avg 65% AMI Resale restrictions 5 units 20% 50-80% AMI (2/5 <80-120% AMI (3/5 5 units 25% If developer proves hardship Fee In-Lieu Off-Site: 20% 15 units >10%-100% Fee in Lieu Multi-family rental housing in Lieu Residential lots in Lieu Off-site units 11-16% Density Simplified paperwk Fee waivers None Density es up to 25% Additional Development Density Design Flexibility Expedited Review Deviations to Development Standards Transptation Concurrency Exemption Source: Carras Community Investment, Inc., 2005, and Business and Professional People f the Public Interest, 2003, Strategic Planning Group, Inc., 2005