Scenario A: On‐Site Parking for Residents Only
Population Served
Averag
e AM
I
Total Un
its
Un
it Mix
Averag
e Un
it Size (Square
Feet)
Person
s Housed
Parking
Stalls Total Stories
Hei
ght (Fee
t)
Op
en Space (Square Feet)
Resi
den
tial Are
a (Square
Feet)
Cost per Un
it
City Gap per Unit Total Devel
opment Cost
Total City
Gap
Alta Housing
Large Families
& Formerly
Homeless
44% 54
0% Studios
42% 1‐Beds
28% 2‐Beds
30% 3‐Beds
790 202 27 5 60
3,900 (above
grade only) 43,000
$1.03
million
$77
thousand $55.3 million $4.1 million
MidPen Housing Large Families 49% 73
18% Studios
29% 1‐Beds
29% 2‐Beds
24% 3‐Beds
765 247 36 7 72
2,700 (above
grade) &
1,300 (at
grade)
56,000 $889
thousand
$139
thousand S64.8 million $10.1 million
Notes:
Percentages are rounded to the nearest whole numbe
r
Numbers over 1,000 have been rounded to the hundreds
Numbers over 10,000 have been rounded to the nearest thousands Numbers over 1,000,000 have been rounded to the nearest hundreds of thousands Large Family projects are required to include at least 25% 2‐Bedroom and at least 25% 3‐Bedroom units to qualify for certain types of funding Staff assumed one person per studio unit, and two people per bedroom in each of the other unit types to estimate the total number of persons housed under the various scenarios studie The preliminary average AMI level of each of the developer’s proposals are shown above; to receive a 9% Low Income Housing Tax Credit the project would be required to have a 50% AMI average across the project; for a 4% Low Income Housing Tax Credit the requirement is 59% AMI average across the project.