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County staff outlines split between 100% affordable program and workforce housing incentives
Summary
County staff described a reworked housing incentive framework that separates a 100% affordable program (aimed at projects using low-income housing tax credits) from a workforce policy that targets mixed-market developments; committee members said they will review the policies at a later meeting.
County staff briefed the Committee on Finance on two separate incentive policies intended to target different housing needs: a 100% affordable housing program and a workforce housing policy aimed at partially market-rate developments.
Mister Norris, who said he helped draft the policies, told the committee the prior 2022 policy combined workforce and affordable housing and had been used in several deals. "We have taken it to, be applied to only projects that are a 100% affordable as opposed to before it was kind of tiered," Norris said, describing the reworked approach. He said the county and staff decided to split the single policy into two separate tracks to better fit the types of…
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