RES 78052 - Laserfiche WebLink

Housing Concerns (Total points possible = 15) 1. Provision of Subsidized Housing 0,5,10, or 15 points -Extent to which the project provides units meeting the Section 8 Program criteria for subsidized rental units and which the developer/owner agrees to make available to qualified tenants at the initial occu- pancy and in the future. 5% of the total units in the development - 5 points · 10% of the total units in the development - 10 points · 15% or more of the total units in the development - 15 points Note: Rental limitations for the Section 8 Program are subject to change and, thus, so too is the rental requirement of this section. 2. Contribution to the Housing Fund 0 to 10 points -Extent to which the project contributes to the City- designated housing corporation according to the following schedule: $130 per $160 per $190 per $220 per $250 per $280 per $310 per $340 per $370 per $400 per dwelling unit dwelling unit dwelling unit dwelling unit dwelling unit dwelling unit dwelling unit dwelling unit dwelling unit dwelling unit - 6 - 7 8 9 - 10 1 point 2 points 3 points 4 points 5 points points points points points points Note: Points accrued in this section shall be added to the points accrued in Section 1 above, not to exceed a maximum of 15 points for the two sections combined. Contributions of land, if accepted by the City, shall be treated as if they were monetary contributions for the pur- poses of this section. The jointly agreed-upon value of the land would be pro-rated over the entire development proposal to yield a contri- bution per dwelling unit equivalent amount. Accepted land gifts shall be used as a credit toward the amount a developer has offered in cash. -7-