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Councilmember Berkeley Allen briefs board on proposed change to Mixed Income Pilot formula
Summary
Councilmember Berkeley Allen updated the Health and Educational Facilities Board on a proposed change to the Mixed Income Pilot that would replace the program’s three-tiered tax-abatement formula with a market‑responsive calculation based on small-area rents and a 30 percent-of-income affordability benchmark.
Councilmember Berkeley Allen reported to the Health and Educational Facilities Board on a planned change to the city’s Mixed Income Pilot that would alter how tax abatements are calculated for mixed-income housing developments.
Allen said the change would replace the program’s current three-tiered, fixed formula with a dynamic calculation that compares small-area market rents to a rent level equal to 30% of household income — “which is the definition of affordable housing,” she said. Allen told the…
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