Figure 3
Strategies to Increase AHIF Funding
A. Cost Shifters 1. Shifting within Community Benefits Bucket
2. Redirect Fees to AH e.g. Land Vacations/Easements
3. Designate increased tax revenue from pending development projects
B. New Funding Sources
C. Cost Savers
(needed to account for higher costs of in-lieu fee)
4. Ordinance In-Lieu Fee Update (original task)
7. More Efficient Site Plan Review Process – Time is Money
5. Cigarette Tax
8. Streamline Standard Site Plan Conditions
6. Bonus Density Buy Out Option at Market Rate
9. Update Specific Costly Site Plan Requirements: parking and utilities
Suggested Non-Ordinance Strategies to increase AHIF or provide developer offsets to an updated Ordinance that increases developer costs Cost Shifters that elevate Affordable Housing as a County Board priority A1 Shifting within the Community Benefit Bucket All projects going through the Special Exception Site Plan review process must provide a package of community benefits, including affordable housing, to receive approval. Reexamination of the distribution of community benefit dollars among housing, transportation, green building and other goals has not been undertaken in many years. Our interviewees believed that redistributing the existing community benefit funding in order to increase funding for Affordable Housing was a County Board decision that they would support. Several pointed out that affordable housing is a high priority for the County and shifting more of the community benefit allocations in that direction could represent this priority more definitively. Status: Available to County Board. Proposed next steps: Initiate a conversation with the County Attorney to ensure any adjustments under consideration are structured to continue to mitigate the impacts of 4.1 site plan projects. In addition, a number of County Advisory Commissions should be consulted to consider any potential shifts among funding priorities.
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