HomeMy WebLinkAboutVOLUNTARY WORKFORCE HOUSING INCENTIVE PROGRAM PRESENTATION - 7.3.18VOLUNTARY WORKFORCE
HOUSING INCENTIVE PROGRAM
-ORDINANCE 1491
CITY COUNCIL
JULY 3, 2018
“50/50” OPTION
100 Units Very Low Low Moderate Total # of
Units
50% of units pay
In-Lieu Fee
In-Lieu
Fee
50/50 Option,
5% very low
5 N/A N/A 5 50 $600,000
50/50 Option,
10% low
N/A 10 N/A 10 50 $600,000
300 Units Very Low Low Moderate Total # of
Units
50% of units pay
In-Lieu Fee
In-Lieu
Fee
50/50 Option,
5% very low
15 N/A N/A 15 150 $1,800,000
50/50 Option,
10% low
N/A 30 N/A 30 150 $1,800,000