WHP Incentive Options |
Option: | Limited | Full |
Objective: | Minimizes WHP Obligation | Maximizes Density |
Potential Density Bonus Available: | 50% | Up to 100%; performance based and subject to compatibility review for density bonuses > 50% |
WHP Obligation: | Any Limited Incentive Project: | Rental WHP: - 5% of standard density
- 16% of maximum density
- 34% of density bonus
- 1.5x above obligation if for-sale development provides WHP units as off-site rentals
- 34% of any TDRs used
| For-Sale WHP: - 4.375% of standard density
- 14% of maximum density
- 29.75% of density bonus
- Discount if above WHP obligation is provided as on-site for-sale units:
- 20% for single-family;
- 10% for townhomes
- 34% of any TDRs used
|
Additional Incentives Available: | none | Incentives are established in http://www.pbcgov.com/uldc/pdf/Article5.pdf and include Flexible Property Development Regulation, Expedited Review, etc. |
Methods Available to Meet WHP Obligation: | - Provide workforce units onsite, within the market rate development
- Provide the units offsite, at another location
- Use an exchange builder to transfer the obligation to that builder's project
- Donate land valued equivalent to in lieu fee
- Restrict an existing market rate unit, to be sold, rented or deeded to County
- Pay in lieu fee
|
Approval Process for WHP: | Development Review Officer (other project components such as TDRs may trigger other approval processes) | - Development Review Officer for Density Bonuses up to 50%
(other project components such as TDRs may trigger other approval processes) - Board of County Commissioners Approval for Density Bonuses > 50%
|
Unit Pricing: | All WHP Rental or For-Sale Units required to be priced in the Low and Moderate 1 Income Categories (WHP units resulting for TDRs have separate pricing requirements) | - WHP Rental Units priced in all 4 Income Categories
(WHP units resulting from TDRs have separate pricing requirements) - WHP For-Sale Units are priced in the Low, Moderate 1, and Moderate 2 Categories
|
Unit Requirements: | All WHP Units: - WHP Model at WHP Site, elsewhere in PBC, or MR Model with differences delineated
- Exteriors compatible with market rate units on site
For-Sale WHP: - Minimums 2 Bedrooms, 25% at least 3 bedrooms, each bedroom minimum 100 ft2
- Minimum appliances: refrigerator, range, microwave, dishwasher, washer, dryer
|
Affordability Periods: | Rental units: 30 yrs For-sale units: 15 yrs, recurring if sold within the 15 year period |