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Home > Incentive Programs
> Commercial Bonus Program
Downtown
South Lake Union
Applying for Bonus Funding
Downtown
Zones: DOC-1, DOC-2, DMC 240 and DMC 340
Extra floor area: Nonresidential floor area allowed in addition to base FAR for the zone
Payment option:
- Payment amount:
$18.75/square foot of bonus floor area for affordable housing and $3.25/square foot of bonus floor area for childcare.
- Timing:
Cash payments must be paid prior to issuance of any building permit after the first building permit for the development, and before any permit is issued for construction activity other than excavation and shoring.
- Location of low-income housing and childcare: Location of housing and childcare funded with cash payments will be prioritized in the following order:
- Within the Downtown Urban Center
- Within an Urban Center adjacent to the Downtown Urban Center
- In the city within 0.5 mile of a light rail or bus rapid transit station on a route serving the Downtown Urban Center
- In the city within 0.25 mile of a bus or streetcar stop on a route serving the Downtown Urban Center
Performance option:
- Amount: Housing serving low-income households must equal 15.6% of bonus floor area.
- Location: Low-income housing provided to qualify for a bonus must be within the development unless the Director of the Office of Housing approves an alternate location in an eligible area (see Code for requirements).
- Income limits: 80% AMI for rental and 100% AMI for owner-occupied units.
- Affordability term:
50 years beginning at issuance of final certificate of occupancy for the project using the bonus.
- Housing may be newly constructed, converted from nonresidential use or renovated.
- Agreement between housing owner and City must be executed and recorded prior to issuance of building permit for the housing.
Code references:
For more information contact Laura Hewitt Walker, (206) 684-0429.
South Lake Union
Zones: Area shown on Exhibit 23.50.051.A
Extra floor area: Nonresidential floor area allowed in addition to base FAR for the zone
Payment option:
- Payment amount:
$18.75/square foot of bonus floor area for affordable housing and $3.25/square foot of bonus floor area for childcare.
- Timing:
Cash payments must be paid prior to issuance of any building permit after the first building permit for the development, and before any permit is issued for construction activity other than excavation and shoring.
- Location of low-income housing and childcare:
Housing and childcare funded with cash contributions must be located in the South Lake Union Urban Center unless the Director of the Office of Housing approves a site in an alternate location (see Code for requirements).
Performance option:
- Amount: Housing serving low-income households must equal 15.6% of bonus floor area.
- Location: Low-income housing provided to qualify for a bonus must be located in the South Lake Union Urban Center unless the Director of the Office of Housing approves a site in an alternate location (see Code for requirements).
- Income limits: 80% AMI for rental and owner-occupied units.
- Affordability term: 50 years beginning at issuance of final certificate of occupancy for the project using the bonus.
- Housing must be newly constructed, converted from nonresidential use, or renovated in a residential building that was vacant as of Dec. 1, 2007.
- Agreement between housing owner and City must be executed and recorded prior to issuance of building permit for the housing.
Code references:
- SMC 23.50.052: Bonus floor area for housing and childcare
- SMC 23.50.051: Additional floor area in certain IC-zoned areas in the South Lake Union Urban Center
For more information contact Laura Hewitt Walker, (206) 684-0429.
Applying for Bonus Funding
Cash contributions by commercial developers for affordable housing are made available through the Office of Housing’s Notices of Funding Availability (NOFA) program.
For more information, contact:
Inquiries regarding bonus funding for childcare facilities should be directed to Ken Astrein, Human Services Department, (206) 684-0377.
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