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AFFORDABLE HOUSING PRODUCTION PROGRAM
(Section
9.56 of the Municipal Code)
This program applies to all new multifamily
housing projects of 2 or more units for
which an application was determined complete
on/after May 25, 2006
Condominium
Projects in Multifamily Zones
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2 or 3-unit
projects may pay
Affordable Housing Fee
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4 to 15-unit
projects must provide onsite or offsite
units
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16-unit or
greater projects must provide
onsite or offsite units
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Required Affordable
Condominium Units are for Moderate
Income Households
(100% of area median income) if
sold, and Low Income Households
(60% of area median income) if
rented
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Affordable Housing Unit
Development Cost applies when a developer
provides onsite or offsite affordable
units, but pays a fee for any fractional
unit of less than 0.75;
(click here for information on the
fractional unit fee)
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Affordable Sales Price
Guidelines
(see formula
criteria)
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current area median
income is $75,800 [2008] (figure of
$51,300 listed on page 27 of Guidelines
is outdated)
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cost Guidelines say
moderate income sales price must be
based on no less than 33% of median
income and no more than 38% of median
income
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33% of $75,800 = $25,014;
38% of $75,800 = $28,804
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2-bedroom adjustment
factor is 0.95
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$25,014 x 0.95 = $23,763
/ 12 = $1,980 (rounded) (i.e., 33%)
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$28,804 x 0.95 = $27,364
/ 12 = $2,280 (rounded) (i.e.,
38%)
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$1,980 per month equals
minimum total monthly housing cost, which
includes mortgage payment, HOA fees,
property taxes, property insurance, and
mortgage insurance
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$2,280 per month equals
maximum total monthly housing cost, which
includes mortgage payment, HOA fees,
property taxes, property insurance, and
mortgage insurance
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Click Here for affordable condo sales
price worksheet
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Click Here for Information Brochure
regarding affordable housing
requirements and density bonus
incentives
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Click Here for Worksheet
regarding affordable housing
requirements and density bonus
incentives
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Apartment
Projects in All Zones
 Developer Options
for Satisfying Program
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Provide affordable
units
on-site
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Provide affordable
units off-site
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Pay the Affordable
Housing Fee
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Provide
land
to City or nonprofit for affordable
housing
On-Site Option
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10% of the units
for Very Low Income households
(e.g., 2-bedroom rent at $900 {using
2008 rent limits})
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20% of the units
for Low Income households (e.g.,
2-bedroom rent at $1,080 {using 2008 rent
limits})
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If project in
non-residential zone,
100% of the units
for Moderate Income households
(e.g., 2-bedroom rent at $1,800 {using
2008 rent limits})
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See
2008
Income/Rent Limits
for details
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Units have
minimum size
requirements, and
must be 2-bedroom
units unless at least 95% of
project is 1-bedroom and/or single units
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Providing units
on-site will automatically qualify the
project for a density bonus (discuss
with City Planning for details)
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Affordable Housing Unit
Development Cost was increased by
City Council on
July 24, 2007;
this cost applies when a developer
provides onsite or offsite affordable
units, but pays a fee for any fractional
unit of less than 0.75;
(click here for information/data on
basis of fractional unit fee increase)
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More details on
the On-Site option
Off-Site Option
Fee Payment Option
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$25.31 / square foot
for apartments
(updated annually)
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$29.56 / square
foot for condominiums
(updated annually)
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These fees and are
applicable to projects whose
applications were deemed complete after
December 9, 2005
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More details on
the Fee Payment option
Land Option
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Other Information
and References
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