Post by Dorinda on Jul 13, 2023 21:08:12 GMT
1. The Rural/Urban split is concerning, especially if the Federal MSA definition is going to be used. That definition excludes many of the small communities that the bill was written for. Specifying a community size limit might align more closely with the intent.
2. I think the developer fee is very needed due to the large gap between build costs and affordable housing. Rather than a % of costs this could be tied to a $/bedroom? Increasing developer fees based on increased costs provides the wrong incentive for a program with the goal of providing affordable housing. The $/Bedroom should be tiered since the 1st bedroom has all of the expense (example 80% of the fee is earned for a 1BDR, the additional bedrooms earn an additional 10%. Fee is capped at $25,000)
3. A point system would be great for this program. I think points should be allotted for community located developers, minority developers, small developers, infill projects, energy efficiency, and accessible housing. This is a great way to encourage some things that could greatly benefit Tulsa. The natural disaster area preference could also be folded into this point system.
2. I think the developer fee is very needed due to the large gap between build costs and affordable housing. Rather than a % of costs this could be tied to a $/bedroom? Increasing developer fees based on increased costs provides the wrong incentive for a program with the goal of providing affordable housing. The $/Bedroom should be tiered since the 1st bedroom has all of the expense (example 80% of the fee is earned for a 1BDR, the additional bedrooms earn an additional 10%. Fee is capped at $25,000)
3. A point system would be great for this program. I think points should be allotted for community located developers, minority developers, small developers, infill projects, energy efficiency, and accessible housing. This is a great way to encourage some things that could greatly benefit Tulsa. The natural disaster area preference could also be folded into this point system.