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06.13.18 HAB Presentation IH2018 Inclusionary Housing Housing Planners 1.Michelle Allen, Program Manager 2.Beth Roberts 3.Crystal Launder Inclusionary Housing •On-site affordable units •Off-site affordable units •New construction or existing units •Cash-in-lieu •Donate land 25% of all new residential development made permanently affordable through four options: Incomes o 20% affordable for low/moderate income households o 5% affordable to middle-income households o 1-4 unit developments retains 20% rqrmt cFor-sale On-site Incentives If fewer than half of the required affordable units are not provided on-site -add’l CIL •INCENTIVES •Half or more affordable units provided on-site •50% reduction in remaining cash-in-lieu •75% or more affordable units provided on-site •half middle income pricing •Projects with 20 or fewer units •on-site get middle income pricing cFor-sale Prices •Low/moderate price •HUD low income level 2018= 66.2% AMI •Middle income –3 pricing tiers •80% AMI •100% AMI •120% AMI cRental Developments •80% low/moderate rents •60% AMI •20% middle income •80% AMI •Must meet low/mod requirement first •Most will satisfy IH with cash-in-lieu •The largest developments +/-250 •Off-site cCash-in-lieu cDevelopment Review -Not subject to discretionary review -Hsg staff review all new residential construction for compliance w/IH -Provide technical assistance -Must satisfy IH to receive a building permit -Off-site proposals: -First step location approval -Concurrency rqrd. -Financial guarantee = CIL + 8% cAffordable Housing Design Review Development NOT subject to Site Review •A receiving site or on-site building with greater than twenty five percent (25%) affordable units •Administrative review •City Manager approval/denial •Lower cost than site review cTransparency •Energov –Affordable Housing Case (AFH) •Citizen Self-Serve(CSS) cAnnexations •Boulder Valley Comprehensive Plan (BVCP) •Discretionary -annexations negotiated •Community benefit package •Emphasis on affordable housing •40 –60 % of units affordable •Half Low/Moderate & half Middle-income •Must provide affordable units •Except very small annex. Annexations 90/96 Arapahoe Community Benefit Package •Two sites combined •Access & circulation combined •Home for Sept School, site work •Preservation of Historic Motel office, cabins & sign •Open Space •45% Affordable Housing cAnnexations 90/96 Arapahoe •45% Affordable Housing •All for-sale •25% low/moderate income •75% middle income •Affordable size <1,601 •Market unit size <2,201 •No single family (affordable or market) Housing Web Site www.boulderaffordablehomes.com