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Eugene Housing Tools & Strategies Evaluation 32 <br /> <br />FIGURE 24. FEASIBILITY RESULTS SUMMARY FOR FOUR ADU SCENARIOS <br />Scenario SDCs Building Sq. Ft. Net Operating Income <br />Total Mortgage <br />Cost <br />Homeowner Sees <br />Profit <br />Scenario 1: Status Quo $7,515 750 $11,700 $139,219 Year 14 <br />Scenario 2: Waived SDCs $0 750 $11,700 $133,207 Year 12 <br />Scenario 3: Waived SDCs <br />and Larger Sq. Ft. (a) $0 900 $14,040 $150,607 Year 10 <br />Scenario 4: "Alley Flat <br />Initiative" Affordable <br />Housing (b) $0 900 <br />First 5 Years: $5,216; <br /> Year 6 and After: <br />$14,040 $142,378 Year 17 <br />Source: City of Eugene, 2018; Strategic Economics, 2018 <br />Notes: (a) While Scenarios 1 and 2 incorporate a direct per square foot cost of $175, Scenarios 3 and 4 are informed by a slightly discounted direct per <br />square foot cost of $170, as it is assumed the added square footage would be more efficiently built. <br /> (b) In Scenario 4, the development overhead and A&E fees are discounted by 50%, while city permit fees are also waived. The homeowner is required <br />to rent their unit for the first five years at 80% AMI. <br />February 20, 2019, Work Session – Item 1