HomeMy WebLinkAbout2021.01.13 Exhibit_A.5_Certificates_of_Affordable_Housing_Credit_Staff_FindingsExhibit A.5
Certificates of Affordable Housing Credits
Staff Findings
Page 1 of 1
26.540.070, Review Criteria for establishing an affordable housing credit.
Staff Findings:
The minimum size requirements are met by three of the five units. Two of the units are slightly
below the minimum size requirements prescribed by APCHA guidelines but are well within the 20
percent buffer that can be administratively approved and has been accepted by APCHA. Given
the amenities provided to the units, including private balconies and porches, outside common
space, as well as extra storage for each residence, staff finds that a slight reduction in unit size is
appropriate. Additionally, at least 50 percent of the Net Livable area associated with each unit is
above finished or natural grade- whichever is more restrictive. Staff finds that granting 12.75
FTEs to this project is appropriate.
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
PROPOSED CERTIFICATES
Two-bedroom 3 Units x 2.25 FTEs =6.75 FTEs
Three-bedroom 2 Units X 3.00 FTEs =6 FTEs
Total Proposed 12.75FTEs
APCHA Standards
Unit Type Occupancy Standard
One bedroom 1.75 FTEs/Unit
Two-bedroom 2.25 FTEs/Unit
Three-bedroom 3.00 FTEs/Unit