HomeMy WebLinkAboutSP-22-060 - Supplemental - 0224 0268 Market Street (5)AFFORDABLE HOUSING COMMITTED TO BE CONSTRUCTED WITHIN PROJECT AREA (LANDS OF SOUTH BURLINGTON CITY CENTER LLC)
CITY CENTER FORM BASED CODE DISTRICT, SOUTH BURLINGTON, VT
NOVEMBER 23, 2022
INCLUSIONARY HOUSING PLANNED FOR CONSTRUCTION
PROJECTS:BLACKBAY GARDEN APTS ALLARD SQUARE BLACKBAY DOVER PLACE UNION PLACE LOT B SUBTOTAL:
BLDG B1, B2, B3
DEVELOPER:Blackbay/Shenk Snyder-Braverman Snyder-Braverman Blackbay/Shenk Snyder Braverman Snyder Braverman Snyder Braverman Snyder Braverman
ORIGINAL APPROVAL NO:SD-14-18 SP-18-18 SP-17-29A SP-18-38 SP-22-050 SP-20-030 SP-21-036
OWNER / GENERAL PARTNER:N/A CHT & Housing VT Cathedral Sq Corp ??N/A Snyder Braverman N/A Snyder Braverman
ADDRESS:135 Hinesburg 310 Market St 146 Market Street 451 465 481 496 Market St112 Garden Street 324 Garden St 303 Market Street Market Street
PROPERTY MANAGER:Blackbay / Shenk CHT Cathedral Square Blackbay/Shenk TBD Summit Properties TBD TBD
TOTAL NUMBER OF UNITS 12 60 39 12 120 43 61 161 496
REQUIRED MINIMUM INCLUSIONARY UNITS none 9 6 2 18 6 9 24 74
MARKET RATE UNIT MIX
Studio / One Bedroom Units:8 0 0 76 0 41 73 198
Two Bedroom Units:7 0 10 44 0 17 88 166
Three Bedroom Units:0 0 0 0 0 3 0 3
Four Bedroom Units:0 0 0 0 0 0 0 0
AVERAGE MARKET RATE BEDROOM COUNT 1.47 #DIV/0!2 1.37 #DIV/0!1.38 1.55 1.47
INCLUSIONARY UNIT MIX
Studio / One Bedroom Units:0 18 33 0 0 19 0 0 70
Two Bedroom Units:0 13 6 2 0 8 0 0 29
Three Bedroom Units:0 11 0 0 0 16 0 0 27
Four Bedroom Units:0 3 0 0 0 0 0 0 3
TOTAL NUMBER INCLUSIONARY UNITS PROVIDED 0 45 39 2 0 43 0 0 129
AVERAGE INCLUSIONARY BEDROOM COUNT 0 1.98 1.15 2 #DIV/0!1.93 #DIV/0!#DIV/0!1.71
3 Bedroom Bonus (per Article 18.01E):N/A 16.5 0 0 0 24 0 0 40.5
4 Bedroom Bonus (per Article 18.01E):N/A 6 0 0 0 0 0 0 6
TOTAL # INCLUSIONARY UNITS CREATED:0 67.5 39 2 0 67 0 0 175.5
INCOME LEVELS (less than or equal to)
80% of AMI 0 50 31 0 0 43 0 0 124
100% AMI 0 10 0 1 0 0 0 0 11
120% AMI 0 0 8 1 0 0 0 0 9
Market Rate:12 0 0 10 120 0 61 161 352
MIN HABITABLE AREA INCLUSIONARY UNITS
Studio Units (450 sf minimum)N/A N/A N/A N/A 524 none none
One Bedroom Units (650 sf minimum)N/A N/A N/A N/A 651 none none
Two Bedroom Units (900 sf minimum)N/A N/A N/A N/A 932 none none
Three or More Bedroom Units (1,200 sf minimum)N/A N/A N/A N/A 1059 none none
Notes:
1. 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
2. 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.
PROSPECT PLACE
(LOT M)
3. 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)
See Note 3