Neighborhood Design | Residential Density Incentives
PUBLIC BENEFITS FOR DENSITY INCENTIVES Benefit
Density incentive
Affordable Housing Benefit units consisting of rental housing permanently priced to serve nonsenior citizen low- income households (i.e., no greater than 30 percent of gross income for households at or below 50 percent of King County median income, adjusted for household size). A covenant on the site that specifies the income level being served, rent levels and requirements for reporting to the City of Sammamish shall be recorded at final approval. Benefit units consisting of rental housing designed and permanently priced to serve low- income senior citizens (i.e., no greater than 30 percent of gross income for one or two- person households, one member of which is 62 years of age or older, with incomes at or below 50 percent of King County median income, adjusted for household size). A covenant on the site that specifies the income level being served, rent levels and requirements for reporting to the City of Sammamish shall be recorded at final approval. Benefit units consisting of senior citizen assisted housing units 600 square feet or less. Benefit units consisting of moderate income housing reserved for income- and asset- qualified home buyers (total household income at or below 80 percent of King County median, adjusted for household size). Benefit units shall be limited to owner-occupied housing with prices restricted based on typical underwriting ratios and other lending standards, and with no restriction placed on resale. Final approval conditions shall specify requirements for reporting to the City of Sammamish on both buyer eligibility and housing prices. Benefit units consisting of moderate income housing reserved for income- and asset- qualified home buyers (total household income at or below 80 percent of King County median, adjusted for household size). Benefit units shall be limited to owner-occupied housing with prices restricted based on typical underwriting ratios and other lending standards, and with a 15-year restriction binding prices and eligibility on resale to qualified moderate income purchasers. Final approval conditions shall specify requirements for reporting to the City of Sammamish on both buyer eligibility and housing prices.
1.5 bonus units per benefit unit, up to a maximum of 30 low-income units per five acres of site area; projects on sites of less than five acres shall be limited to 30 low-income units. 1.5 bonus units per benefit unit, up to a maximum of 60 low-income units per five acres of site area; projects on sites of less than five acres shall be limited to 60 low-income units.
1.0 bonus unit per benefit unit. 0.75 bonus unit per benefit unit.
1.0 bonus unit per benefit unit.
32 | Title 21: Sammamish Development Code
Effective | January 1, 2022
Made with FlippingBook Ebook Creator