Workforce/Inclusionary Housing
Inclusionary Housing Program Overview
History
- Inclusionary Housing Ordinance & City Commission Policy 1103 (implementation procedures) - Adopted April 13, 2005
- Mandatory compliance - Began October 1, 2005
- Voluntary compliance, in exchange for development incentives - Now in effect
Main Features
- Applies to new developments in specified locations within the City of Tallahassee
- At least 10% of the housing units in the development must be priced at no higher than $159,378 and sold to eligible households or 15% of the housing units must be rented at workforce rates and rented to eligible households
- A variety of development incentives, including a 25% density bonus, design flexibility, and transportation concurrency exemption are available in exchange for providing the inclusionary housing.
- When inclusionary housing becomes a mandatory requirement on October 1, 2005, the requirements will apply to all developments of 50 or more housing units in applicable areas (Map link). In addition to providing inclusionary housing within their development, additional methods of compliance will be available, including payment of a fee in-lieu into the City's inclusionary housing trust fund, and providing inclusionary housing at "off-site" locations.
- Development incentives are available only when inclusionary housing is provided on site, within the "primary development." For more information, call the Planning Department at 891-6400.
Eligibility Requirements for Homeowners and Renters
Eligible homebuyers/renters: No household may occupy an inclusionary unit unless the City or its designee has first verified the household's eligibility.
2008 Eligible Household Income Limits, by Household Size: In general the household must have an annual income within the following range in order to be eligible to either purchase or rent inclusionary housing units; however, households with lower incomes that can obtain a mortgage from a primary lending institution are eligible, as well:
- 1 person household: annual income between $30,450 and $43,500
- 2 person household: annual income between $34,790 and $49,700
- 3 person household: annual income between $39,130 and $55,900
- 4 person household: annual income between $43,470 and $62,100
- 5 person household: annual income between $46,970 and $67,100
- 6 person household: annual income between $50,400 and $72,000
- 7 person household: annual income between $53,900 and $77,000
- 8 person household: annual income between $57,400 and $82,000
Eligibility verification: Shall include review of documents that demonstrate the prospective renter's or owner's total income and assets, such as income tax returns, W-4, or W-2 tax forms for the previous calendar year, bank statements, court ordered income (alimony and child support), documentation of employment along with pay stubs from their current employer.
Home resales limited: Owner-occupied housing units are subject to resale price restrictions for the 10-year period from the initial date of sale to the eligible inclusionary household. These restrictions limit the amount of resale price during that period to modest increase and are intended to facilitate sale to another eligible inclusionary household, if possible.
Eligibility verification: Shall include review of documents that demonstrate the prospective renter's or owner's total income and assets, such as income tax returns, W-4, or W-2 tax forms for the previous calendar year, bank statements, court ordered income (alimony and child support), documentation of employment along with pay stubs from their current employer.
For additional information on purchaser or renter eligibility please call 891-6540, Department of Neighborhood and Community Services. To find out if any inclusionary housing units will soon be available for rent or purchase, please contact Growth Management at 891-7001.
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