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HomeMy WebLinkAboutBATCH - Supplemental - 0303 Market StreetAFFORDABLE HOUSING COMMITTED TO BE CONSTRUCTED WITHIN PROJECT AREA (LANDS OF SOUTH BURLINGTON CITY CENTER LLC) CITY CENTER FORM BASED CODE DISTRICT, SOUTH BURLINGTON, VT SEPTEMBER 17, 2018 INCLUSIONARY HOUSING PLANNED FOR CONSTRUCTION PROJECTS: DEVELOPER: ORIGINAL APPROVAL NO: OWNER / GENERAL PARTNER: ADDRESS: PROPERTY MANAGER: TOTAL NUMBER OF UNITS REQUIRED MINIMUM INCLUSIONARY UNITS MARKET RATE UNIT MIX Studio / One Bedroom Units: Two Bedroom Units: Three Bedroom Units: Four Bedroom Units: AVERAGE MARKET RATE BEDROOM COUNT INCLUSIONARY UNIT MIX Studio / One Bedroom Units: Two Bedroom Units: Three Bedroom Units: Four Bedroom Units: TOTAL NUMBER INCLUSIONARY UNITS PROVIDED AVERAGE INCLUSIONARY BEDROOM COUNT 3 Bedroom Bonus (per Article 18.01E): 4 Bedroom Bonus (per Article 18.01E): TOTAL # INCLUSIONARY UNITS CREATED: INCOME LEVELS (less than or equal to) 80% of AMI 100% AMI 120% AMI Market Rate: MIN HABITABLE AREA INCLUSIONARY UNITS Studio Units (450 sf minimum) One Bedroom Units (650 sf minimum) Two Bedroom Units (900 sf minimum) Three or More Bedroom Units (1,200 sf minimum) Gross Residential Floor Area (Market-Rate Units) Average Gross Floor Area of Market Rate Units: Gross Residential Fl Area (IZ Units): Average Gross Floor Area of all IZ Units: Notes: The LDR effective 4/23/2018 and applicable to SP-18-29A, SP-18-18, SP-18-38 and SP-20-030 required that the minimum gross floor area per affordable dwelling unit be no less than comparable market-rate units in the housing development. This rule no longer exists in LDR 12/28/2020. Relevant computations have been hidden from this spreadsheet Inclusionary units in the LDR effective 12/28/2020 must be affordable to households having incomes no greater than 80% AMI. Homes affordable to incomes levels of 100% and 120% AMI were required by the LDR effective 4/23/2018 and are included for ongoing tracking purposes. BLACKBAY Blackbay/Shenk SD-14-18 N/A 135 Hinesburg Blackbay / Shenk 12 none 0 0 0 0 0 0 N/A N/A 0 0 0 0 12 N/A N/A GARDEN APTS Snyder-Braverman SP-18-18 CHT & Housing VT 310 Market St CHT 60 9 8 7 0 0 1.47 18 13 11 3 45 1.98 16.5 6 67.5 50 10 0 0 N/A N/A N/A N/A 0 0 54531 1211.8 ALLARD SQUARE Snyder-Braverman SP-17-29A Cathedral Sq Corp 146 Market Street Cathedral Square 39 6 0 0 0 0 33 6 0 0 39 1.15 0 0 39 31 0 8 0 N/A N/A N/A N/A 0 38231 980.282051282051 BLACKBAY Blackbay/Shenk SP-18-38 ?? 451 465 481 496 Market St Blackbay/Shenk 12 2 0 10 0 0 2 0 2 0 0 2 2 0 0 2 0 1 1 10 N/A N/A N/A N/A 12000 1200 2469 1234.5 LOT M Snyder Braverman SP-20-06 N/A 112 Garden Street TBD 131 20 85 46 0 0 1.35 0 0 0 0 0 0 0 0 0 0 0 131 N/A N/A N/A N/A 137240 1048 0 DOVER PLACE Snyder Braverman SP-20-030 Snyder Braverman 324 Garden St Summit Properties 43 6 0 0 0 0 19 8 16 0 43 1.93 24 0 67 67 0 0 0 524 651 932 1059 0 42618 991.116279069767 UNION PLACE Snyder Braverman SP-21-036 N/A 303 Market Street TBD 61 9 41 17 3 0 1.38 0 0 0 0 0 0 0 0 0 0 0 61 none none none none 61417 1007 0 SUBTOTAL: 346 52 134 80 3 0 1.4 70 29 27 3 129 1.71 40.5 6 175.5 148 11 9 141 210657 971 137849 1068.59689922481 "The average number of bedrooms in the inclusionary units shall be no fewer than the average number of bedrooms in the market rate units" (8.01C(2)(b)(vii) UNION PLACE TRACKING FOR INCLUSIONARY HOUSING PURSUANT TO MISCELLANEOUS APPLICATION #MS-18-05 DECISION #10 November 11, 2021 GARDEN STREET: LOT D Previous Balance of IZ Credits: UNIT MIX Studio/ One Bedroom Units: Two Bedroom Units: Three Bedroom Units: Four Bedroom Units: TOTAL NUMBER UNITS PRODUCED 3 Bedroom Bonus (per Article 18E): 4 Bedroom Bonus (per Article 18E): TOTAL # INCLUSIONARY CREDITS NEEDED: INCOME LEVELS: Less than or Equal to: 80% of AMI 100% AMI 120% AMI Gross Residential Fl Area: Remaining IZ Balance (units): Average Gross Floor Area of Market-Rate Units: Union Place 0 Dover Place: 41 17 3 61 9.15 9.15 61417 166.35 1006.83606557377 Area (sf est):