§ 4.7.4. Density Bonus Program for the Southwest Neighborhood Overlay District, the Carver Estates Overlay District and the Infill Workforce Housing Area.

Developers of property in the Southwest Neighborhood Overlay District, the Carver Estates Overlay District and the Infill Workforce Housing Area, that meet the minimum standards will earn bonus units for building workforce housing for very low, low and moderate income families.

a.

The size of the bonus varies based on several factors including:

i.

Affordability (i.e., homes affordable to very low, low, or moderate income families)

ii.

Home Size (i.e., workforce housing units with four or more bedrooms are awarded larger bonuses)

iii.

Ownership versus Rental (i.e., larger bonuses are awarded for workforce housing units offered for sale to low and very-low income families and larger bonuses are awarded for ownership versus rental units.)

b.

To be eligible for bonus units, developers must meet one or more of the following criteria:

i.

A designated number of the total units are restricted to very low income households, and/or

ii.

A designated number of the total units are restricted to low income households, and/or

iii.

A designated number of the units are restricted to moderate income households

c.

Subject to the review and approval by the City Commission as provided in Section 4.7.2 workforce housing units may be located off-site provided the off-site location chosen is within the City of Delray Beach. [Amd. Ord. 15-15 7/7/2015]

d.

The bonus allowances are set forth in Table 1 below. [Amd. Ord. 15-15 7/7/2015] [Amd. Ord. 39-06 7/25/06]

TABLE 1 DENSITY BONUS ALLOCATIONS IN THE SOUTHWEST NEIGHBORHOOD OVERLAY DISTRICT, THE INFILL WORKFORCE HOUSING AREA AND THE CARVER ESTATES OVERLAY DISTRICT

OPTION     SALE/RENT	NUMBER OF BONUS UNITS PER WORKFORCE UNIT PROVIDED
VERY LOW 60%	4
LOW 80%—61%	3
MODERATE 120%—81%	2
LARGE HOME OPTION
4+ bedroom workforce housing units	Additional 0.5 bonus will be added to the bonus provided above in this chart

 

e.

Instead of or in addition to providing workforce housing units, developers may also accrue bonus units by contributing to the City of Delray Beach Housing Trust Fund that will be utilized to subsidize workforce housing in the City of Delray Beach. Developers may earn one bonus unit for each payment of a sum equal to $60,000.00, payable to the City of Delray Beach Housing Trust Fund. [Amd. Ord. 52-08 11/18/08]

f.

Also, instead of or in addition to providing workforce housing units, developers shall earn bonus units by donating land (buildable lots) in the City Delray Beach to be used for workforce housing. The appraised value of donated land will be valued in accordance with subsection e. above and may be prorated. The appraisal shall be obtained by developer at developer's cost.

g.

The maximum total density of a development in the Southwest Neighborhood Overlay District and the Carver Estates Overlay District shall not exceed 24 units per acre. The maximum total density of a development in the Infill Workforce Housing Area shall not exceed 18 units per acre. All other Workforce Housing Area densities shall be limited to the maximum allowed in the zoning district and as set forth elsewhere in the Land Development Regulations.