Referral Response - Steveston Village Heritage Conservation Grant Program (Council Policy 5900)

Funding Model of the SVHCG Program The SVHCG Program is funded by voluntary cash contributions, calculated per additional square foot over 1.2 Floor Area Ratio (FAR) from sites in the Steveston Village Heritage Conservation Area where additional density is proposed over and above the base 1.2 FAR (up to the maximum 1.6) through a redevelopment application. The current rate of contribution is $72.93 per square foot added above 1.2 to a maximum 1.6 FAR. Based on policy in the Steveston Area Plan, the contribution can be reduced by the amount of the cash-in-lieu contribution to the City's Affordable Housing (AH) Strategy. The cmTent rate for the AH contribution is $15 per square foot for apartment developments with 60 units or less, which applies to the residential po1iion of mixed use developments located in Steveston Village. The contribution is calculated on the total buildable residential floor area. The current contribution rates and calculations for the two programs result in a reduction of approximately 70% or more of the SVHCG Program contribution. Previous predictions of the program funding have assumed a much larger allocation to the program as seen in contributions made from rezoned sites in 2014-2016 (with a reduction of 26% to 29% due to the AH contribution).

非商业公共资料研究与事实报道；仅展示核对事实所需的已评估摘录及本站中文说明。版权归原作者或发布机构；不表示来源机构认可本站。原文、来源及使用条款见链接。 来源使用条款 ↗