Residential Workforce Housing Credits

Housing Size Credit. Developers shall earn one housing credit for each workforce unit provided that is comparable to the unit size of the market unit, based on number of bedrooms and baths. A decrease or increase to the housing credit earned shall be calculated according to the following housing size credit schedule:Housing Size Credit Schedule Market Units Bed/Bath1/12/1.53/24/2.5Workforce Units1/11.000.940.860.782/1.51.061.000.920.833/21.161.091.000.904/2.51.281.211.111.00Lot Size Credit. Developer shall earn one lot credit for each workforce lot provided that is comparable to the lot size of the market lot. Any decrease or increase to the lot size credit earned shall be calculated according to the following lot size credit schedule:Lot Size Credit ScheduleMarket LotsSmall Lot <4,500 Sq FtStandard Lot 4,500 - 9,999 Sq FtLarge Lot >10,000 Sq FtWorkforce LotsSmall Lot <4,500 Sq Ft1.000.880.76Standard Lot 4,500 - 9,999 Sq Ft1.121.000.88Large Lot >10,000 Sq Ft1.241.121.00Housing Size and Lot Size Credits, Combined. Any decrease or increase to the unit size and lot size credit earned shall be calculated by multiplying the applicable factor from each schedule to produce the combined credit amount.With approval by the Housing Agency, a developer may modify workforce units or workforce lots to sizes that differ from market units and market lots.Housing Size Variations. Unit sizes consisting of bedroom and bath combinations not shown on the housing size credit schedule are available upon request from the Housing Agency.