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