As Currently Drafted in 2025-1545

Department of City Planning Proposal to be Amended by Substitute

System

Creates a new 902.04 Affordable Housing Bonus Program.

Utilizes the existing Performance Points System.

Geography

Citywide, except the existing IZ-O.

In all districts that allow multi-unit residential, except GT (downtown).

Unit Count

20 or more units, 10 percent affordable.

Different options based on affordability levels and bonus.

Affordability

No more than 50 percent of AMI for Rental, No more than 80 percent AMI for Owner Occupied.

No more than 50 percent of AMI for Rental, No more than 80 percent AMI for Owner Occupied.

Length

20 years for rental. For sale allowed 2 percent increase per year.

35 years.

Bonus

30 additional feet and 2 FAR, except for projects already eligible for Performance Points, but these are exempt from the first stepback requirement.

15 additional feet per point earned (2-6 points possible), and exempt from the first upper story step back where required.

Payment In Lieu

Payment in Lieu of $25 per square foot is an option.

Payment in Lieu of $25 per square foot is an option.

Off-site Option

12 percent of off-site units required to meet affordability standards.

12 percent of off-site units required to meet affordability standards.

Base Points*

RIV, UPR, R-MU, UC-E, UC-MU

4.a

10% rent on-site below 50% AMI.

2

2

4.b

10% for sale on-site below 80% AMI.

2

2

4.c

12% for rent off-site below 50% AMI.

2

2

4.d

12% for sale off-site below 80% AMI.

2

2

4.e**

20% rent on-site below 50% AMI.

4

6

4.f

20% for sale on-site below 80% AMI.

4

6

4.g

Payment in-lieu

2

2

*Base Points apply to RM, NDO, LNC, NDI, UNC, UI and select GPR subdistricts.

**20% rent on-site at/below 80% AMI earns 4 performance points in the RIV, R-MU, UC-E, UC-MU