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HomeMy WebLinkAboutSP-23-046 - Supplemental - 0339 Garden 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 October 4, 2023 INCLUSIONARY HOUSING PLANNED FOR CONSTRUCTION PROJECTS:BLACKBAY GARDEN APTS ALLARD SQUARE BLACKBAY DOVER PLACE UNION PLACE LOT B LOT N1 SUBTOTAL: BLDG B1, B2, B3 BLDG A1, A2, A3 DEVELOPER:Blackbay/Shenk Snyder-Braverman Snyder-Braverman Blackbay/Shenk Snyder Braverman 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 SP-22-060 SP-23-035 OWNER / GENERAL PARTNER:N/A CHT & Housing VT Cathedral Sq Corp ??N/A Snyder Braverman N/A Snyder Braverman 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 Market Street PROPERTY MANAGER:Blackbay / Shenk CHT Cathedral Square Blackbay/Shenk TBD Summit Properties TBD TBD TBD TOTAL NUMBER OF UNITS 12 60 39 12 120 43 61 137 187 659 REQUIRED MINIMUM INCLUSIONARY UNITS none 9 6 2 18 6 9 21 28 99 MARKET RATE UNIT MIX Studio / One Bedroom Units:8 0 0 76 0 41 49 62 236 Two Bedroom Units:7 0 10 44 0 17 52 78 208 Three Bedroom Units:0 0 0 0 0 3 36 47 86 Four Bedroom Units:0 0 0 0 0 0 0 0 0 AVERAGE MARKET RATE BEDROOM COUNT 1.5 0.0 2.0 1.4 0.0 1.4 1.9 1.9 1.7 See Note 3 INCLUSIONARY UNIT MIX Studio / One Bedroom Units:0 18 33 0 0 19 0 0 0 70 Two Bedroom Units:0 13 6 2 0 8 0 0 0 29 Three Bedroom Units:0 11 0 0 0 16 0 0 0 27 Four Bedroom Units:0 3 0 0 0 0 0 0 0 3 TOTAL NUMBER INCLUSIONARY UNITS PROVIDED 0 45 39 2 0 43 0 0 0 129 AVERAGE INCLUSIONARY BEDROOM COUNT 0 2.0 1.2 2.0 0.0 1.9 0.0 0.0 0.0 1.7 See Note 3 3 Bedroom Bonus (per Article 18.01E):N/A 16.5 0 0 0 24 0 0 0 40.5 4 Bedroom Bonus (per Article 18.01E):N/A 6 0 0 0 0 0 0 0 6 TOTAL # INCLUSIONARY UNITS CREATED:0 67.5 39 2 0 67 0 0 0 175.5 INCOME LEVELS (less than or equal to) 80% of AMI 0 50 31 0 0 43 0 0 0 124 100% AMI 0 10 0 1 0 0 0 0 0 11 120% AMI 0 0 8 1 0 0 0 0 0 9 Market Rate:12 0 0 10 120 0 61 137 187 515 MIN HABITABLE AREA INCLUSIONARY UNITS Studio Units (450 sf minimum)N/A N/A N/A N/A 524 none none none One Bedroom Units (650 sf minimum)N/A N/A N/A N/A 651 none none none Two Bedroom Units (900 sf minimum)N/A N/A N/A N/A 932 none none none Three or More Bedroom Units (1,200 sf minimum)N/A N/A N/A N/A 1059 none 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)