Subject: Exemption of affordable units required per Sec. 415 from base floor area ratio limits
Effective Date: 11/04 (Clerically revised 1/14)
Interpretation:
Section 124(f) permits additional square footage above the base floor area ratio limits in C-3-G and C-3-S districts for construction of dwellings on the site of the building affordable for 20 years to households whose incomes are within 150% of the city's median income. Section 415 requires that a certain percentage of all units constructed on a project site be affordable for fifty years to qualifying households earning 110% of the city's median income for ownership projects, and 55% of the city's median income for rental projects. In C-3-G and C-3-S districts, units required under Sec. 415 technically qualify for the floor area exemption provided under Sec. 124(f), because they meet the minimum affordability requirement of 150% of the city's median income. Thus, affordable units provided to meet the requirements of Sec. 415 are exempted from the base floor area ratio limit in C-3-G and C-3-S districts.