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Developers pledge workforce artist lofts and public amenities; some affordability terms shorter than city standard
Summary
The Womoda proposal includes workforce artist lofts and density bonuses, with the developer requesting and staff recommending incentive packages that yield 22 bonus units overall; 8 units in phase 1 would be income‑restricted at 80–120% AMI for 15 years (shorter than the city's 25‑year standard), generating an in‑lieu fee estimate of about $435,000.
Staff and the applicant presented the project’s affordable and workforce housing components: the planned development seeks sustainable bonus density and transfer development rights (TDR) that yield 22 bonus units overall, including 17 bonus units in phase 1. The developer proposes 110 total units in phase 1, of which 8 would be income‑restricted workforce artist lofts.
Staff explained that the affordable/workforce units tied to the incentives are proposed to be restricted at 80–120% of area median income for 15 years. That 15‑year restriction is shorter than the city’s typical 25‑year requirement but, according to staff, the reduction was part of an earlier development agreement with the commission; the applicant provided calculations showing an in‑lieu fee equivalent of about $435,000 resulting from that shorter affordability period.
