BELOW MARKET RATE HOUSING SURVEY City of Sunnyvale 2002

Shaded cells indicate that information was not explicitly addressed

Jurisdiction

Percentage of Units Required

Types of Residential Developments Included

Exempt Developments

In-lieu Fee

Purchase Unit Deed Restriction

Rental Unit Term

Purchase Unit Target Population

Rental Unit Target Population

Sale Price Calculation

Sale Price Adjustment Method

Resale Price Formula

Rent Calculation

Rent Increase Method

Carlsbad

15%

All

< 7

If <7 units, $2,925

30 years

55 years

Lower-income

50% - 70% of median income

Affordable to lower-income households

25% x 80% of median income

Per median income, max 90% of market rate

Cupertino

15%

All

None

Fee is paid for any fraction of a unit

99 years

99 years

100%-120% of median income

50%-80% of median income

30% x Household income

Annual based on median income

CPI

30% to housing

Max 30% of income; 5%/yr cap

Davis

25% when 20 or more units, 15% when less than 20 units

All

< 5 units

If < 10 acres or < 35 unit

In perpetuity

In perpetuity

80% - 100% of median

< 80% median income

50% units affordable to 90% median, 50% affordable to 100% median

Annual adjustment based on median income

Adjusted annually based on City Council criteria

Irvine

15%

All

30 years

50%-120% of median income

0 - 120% of median income

Affordable to households at 50%-120% of median income

Affordable to 0 - 120% of median income

30% x 30% of median income

Livermore

10%

All but in one specified planning area

< 10 units

Can elect to pay market price for each required BMR unit

55 years

55 years

< 80% median income

< 80% median income

Estimated by City Council Resolution annually

Estimated by City Council Resolution annually

30% x 80% of median income

Los Gatos

5% for small developments, 20% for large developments

All except Historic Residential

< 5 units

If 5-9 units or if Hillside Dev/PD. 6% of building permit valuation.

Set by Town Council

Set by Town Council

80%-120% of median income

< 80% median income, priority is 50%

Multiplier x (80% - 120% median income)

Set by Town Council

Restricted to 80% of Fair Market Rent (SC Co. Housing Authority)

Menlo Park

10% if < 20 units, 15% if 20 or more units

All

< 5 units

5 - 9 units, 3% of sale or appraised price; 10-19 units, 10%; 20+ units, 15%

55 years

In perpetuity

< 120% of median income

< 80% of median income

Affordable to households no higher than 120% median income.

1/3 CPI

1/3 CPI

30% x Household Income

Adjusted annually per median income

Mountain View

10%

All

Purchase < 3 units, Rental < 5 units, Mixed < 6 units

If 9 or fewer units

55 years

55 years

80% - 100% of median income

50% - 80% of median income

Affordable to households at 80% - 100% of median income

1/3 CPI

Lesser of 1/3 CPI, median income, or appraised value

30% x (50% - 80% of median income)

Adjusted annually per median income

Palo Alto

10%, but 15% if > 5 acres

All

Purchase < 3 units, Rental < 5 units

Pay annual in-lieu fee = (Market Rent - HUD Sect. 8 Fair Market Rent); or one-time fee = 5% of appraised value

59 years

59 years

80% - 100% of median income

50% - 80% of median income

Affordable to households at 80% - 100% of median income

1/3 CPI

HUD Section 8 Fair Market Rents

1/5 CPI or Section 8 adjustment factor