Exhibit B
Housing In-Lieu Fee Fractional Calculation Example
Total
Units
Total Sq
ft Affordable % Required units
affordable
Affordable units
(actual) Unit shortfall
Percentage
units:
(Shortfall
factor/Total
units)
Unit shortfall factor
x total project sq ft
(Required X Total)
Required charge per
sq $
Required in lieu based on
number of units required -
provided divided by total
30 84000 15% 4.5 4 0.5 1.67% 1400 15.00$ 21, 000.00$
Total
Units
Total Sq
ft
Approx sq ft per
unit (total
Units/Total Sq.
Ft)
Affordable % Required Sq Ft
Affordable
Sq ft affordable
actual based on
average sq ft per unit
(Approx sq. ftxSq ft
shortfall)
Sq ft
affordable
shortfall
Required charge per
sq $
Required In Lieu
Fee
30 84000 2800 15% 12600 11200 1400 15.00$ 21, 000.00$
Fractional Unit Example Based on Number of Units
Fractional Unit Example Based on Sq Ft.
Example: 30-unit single family home project totaling 84,000 square feet of floor area has an on-site requirement of 15% affordable units or 4.5 units. Developer is required to provide 4 affordable units and pay an in-lieu fee for the .5 fractional units. The payment is calculated as follows: