Sec. - 33-193.9. Monetary contribution in lieu of construction of WHUs.

(A)

WHU developments of fewer than 20 residential units seeking to utilize the density or intensity bonus available pursuant to this article shall pay an amount as follows:

(# of market rate units×contribution-in-lieu fee)/20 = Total contribution

(B)

Developments for which a monetary contribution has been approved in accordance with section 33-193.8 and developments required to contribute pursuant to section 33-193.7 shall pay an amount as follows:

# of WHU units×contribution-in-lieu fee = Total contribution

(C)

The WHU contribution-in-lieu fee shall be shall be calculated as follows:

(1)

Standard formula. The standard formula shall be:

Countywide median sales price within the UDB (for a single-family or multi-family residential unit, as applicable) − Affordable purchase price for a family of 4 at 60 percent of median family income for the County = Contribution-in-lieu fee per WHU.

(2)

Adjustment based on Minor Statistical Area. If the development is located in a Minor Statistical Area (MSA) where the median sales price within the UDB is lower than the Countywide median sales price under the standard formula, then, instead of the Countywide median sales price, the formula shall use the median sales price (single-family or multi-family, as applicable) for that MSA. It is provided, however, that the contribution-in-lieu fee for each WHU shall be no lower than:

Countywide median sales price within the UDB (for a single-family or multi-family residential unit, as applicable) − Affordable purchase price for a family of 4 at 140 percent of median family income for the County = Contribution-in-lieu fee per WHU.

(3)

Implementing Order. The specific values shall be established by implementing order approved by the Board of County Commissioners and shall be published annually by the Housing Director, as defined in Chapter 17 of this Code. The WHU contribution-in-lieu fee shall be reviewed annually.

(Ord. No. 07-05, § 1, 1-25-07; Ord. No. 08-51, § 1, 5-6-08; Ord. No. 16-138, § 1, 12-20-16)

Editor's note

Ord. No. 16-138, § 1, adopted Dec. 20, 2016, repealed the former § 33-193.9, and renumbered § 33-193.9.1 as 33-193.9 as set out herein (see editor's note to 33-193.9.1). The former § 33-193.9 pertained to required workforce housing units and derived from Ord. No. 07-05, § 1, adopted Jan. 25, 2007 and Ord. No. 08-51, § 1, adopted May 6, 2008.