Workforce housing incentives

A developer subject to workforce housing requirements in Section 7A-2.1 may request incentives set forth in this Section. The goal of incentives is to encourage developers to utilize incentives in a manner that addresses community needs and, to the extent applicable, offsets development cost in satisfying workforce housing requirements. The maximum cumulative incentive allowable under this Section shall not exceed 50% of the general workforce housing requirements in Section 7A-2.1. The Housing Agency shall be responsible to make a determination on the applicability of incentives provided in this Section.Integration. The incentive is available to a developer that integrates all workforce units with market rate units. Integration means that on-site workforce housing units shall be interspersed together with the market units of a developer's project and provided in a configuration mutually agreed upon by the developer and the Housing Agency. If all workforce units are integrated with market units, the percentage workforce housing requirement shall be reduced by a factor of 25% from the workforce housing requirement in Section 7A-2.1(a).Single-Family Units. The incentive for single-family units is available when required workforce housing units are provided as single-family detached or single-family attached units, and without condominium property regime (CPR) ownership.Detached Units. If a developer provides all single-family detached units for sale, the workforce housing requirement shall be reduced by a factor of 25% from the workforce housing requirement in Section 7A-2.1(a).Attached Units. If a developer provides all single-family attached units for sale, the workforce housing requirement shall be reduced by a factor of 20% from the workforce housing requirement in Section 7A-2.1(a).Building "Green." The incentive is available when green principles are used for both workforce units and market units, including, but not limited to, energy efficient appliances, solar water heating, recycled or recyclable materials, or natural ventilation and cooling. Where building green principles are used, the workforce housing requirement may be reduced by a factor of one-half to five percent (0.5 to 5.0%). Prior to approving incentive for building green, the Housing Agency shall evaluate the added cost of building green features and its potential benefit to occupants of workforce housing units.Low-Income Rental Units. The incentive for low-income rental units is available when required workforce housing units are provided for low-income households at affordable rental rates, provided no County land or funds, or Federal funds administered by the Housing Agency, are utilized to subsidize the project, and provided the period of affordability of the low-income rental units is for a period of 40 years. State and Federal low-income housing tax credit programs are permitted subsidy.Sixty percent of Kaua'i Median Housing Income. If a developer provides workforce housing units affordable to households earning no more than 60% of the Kaua'i median household income, each rental unit provided shall be equal to two workforce housing units required.Eighty percent of Kaua'i Median Housing Income. If a developer provides workforce housing units affordable to households earning no more than 80% of the Kaua'i median household income, each rental unit provided shall be equal to one and one-half (1.5) workforce housing units required.