§ 5-1005. Reduction in fees and regulatory requirements for qualified affordable housing developments.

(a)

Building permit fees. Building permit fees shall be reduced up to a maximum of fifty (50) percent for any single or multifamily residential development, whether new construction or rehabilitation, that receives or will receive affordable housing financial assistance from any governmental or legally established nonprofit entity. Proof of qualification shall consist of legally executed documents establishing the financial assistance. No reduction shall be provided if work is undertaken without a permit. If the developer receives a reduction for any units which are ultimately not rented or sold to persons who are deemed low income, then the developer shall rebate to the city any savings which were incorrectly associated with those units.

(b)

Affordable housing standards established. Affordable housing is defined as a development with residential units available for rental or for sale to persons or families of low income defined as income equal to or less than eighty (80) percent of the area median income. Area median income is determined by the United States Department of Housing and Urban Development.

(c)

Fee schedule. Building permit fee reduction shall be calculated as follows:

(1)

Rental residential. A scaling percentage based upon the percentage of units within the development which are reserved for qualifying individuals or households shall be used as follows:

Percent of Affordable Units	Percent Reduction
0—10%	10%
11—20%	20%
21—30%	30%
31—40%	40%
41—50%	50%
51% or greater	50%

 

(2)

Owner occupied residential. A reduction of fifty (50) percent of the building permit fee.

(Ord. No. O-02-05, § 2, 1-11-05)