HomeMy WebLinkAboutExhibit A.4_Certificates of Affordable Housing Credit_Staff Findings
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Exhibit A.4
Certificates of Affordable Housing Credits
Staff Findings
26.540.070, Review Criteria for establishing an affordable housing credit.
Staff Findings:
The minimum net livable size requirements are exceeded by one of the nine units. Eight of the
units are below the minimum size requirements prescribed by APCHA guidelines but well within
the 20 percent buffer that can be administratively approved and has been accepted by APCHA.
Additionally, four of the units are more than 50 percent below grade by a slight margin which is
discouraged by the Land Use Code. The applicant plans to provide several high-quality and
meaningful amenities for residents, including private balconies and porches, outside common
space, and extra storage for each dwelling unit. The central location of this property is also
considered a major benefit. The site is a four-minute walk from the Commercial Core, it is located
on the RFTA bus line and is walking distance to multiple parks. Staff finds that a reduction in unit
size and additional subgrade unit area to be appropriate.
Pending approval of this application, a total of 23.8 Affordable Housing Certificates would be
generated, which is consistent with the Land Use Code (Table I).
An Affordable Housing Credit may be established by the HPC if all of the
following criteria are met. The proposed units do not need to be constructed
prior to this review.
MET NOT MET
DOES
NOT
APPLY
The proposed affordable housing unit(s) comply with the review standards of
Section 26.470.070.4(a-d).MET
The affordable housing unit(s) are not an obligation of a Development Order
and are not otherwise required by this Title to mitigate the impacts of
development.
MET NOT MET
Table I: Number of FTEs Housed Per Bedroom
Exhibit A.2
Certificates of Affordable Housing Credits
Staff Findings
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Pursuant to Land Use Code Section 26.540.050.6, a multiplier of 1.2 FTEs is applied to affordable
housing units located within a historic resource. This multiplier recognizes the additional costs
related to preservation efforts of designated structures. Tables II and III breakdown the number
of credits generated within the historic resource and the credits generated from the two additions.
Given the quality of the units, the on-site amenities and general location of the project,
finds the criteria for Certificates of Affordable Housing to be met.
Table II: Proposed FTEs Housed Within Historic Resource
Proposed Certificates (Within Resource) Multiplier for units within Historic
Resource
Total
Two Bedroom 1 unit x 2.25 FTEs X 1.2 2.7 FTEs
Three Bedroom 1 unit x 3.00 FTEs 3.6 FTEs
Total Proposed 6.3 FTEs
Table III: Proposed FTEs Housed Within Additions