Item 4 - Low-Income Prop Tx Ex. - Laserfiche WebLink

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5. [] Yes No Are you aware of any conflict with the City's Housing Dispersal Policy? If yes, please provide any explanation of mitigating circumstances that should be considered by the City. The site is located within a HUD designated QCT, which is based on area income levels. According to Eugene's 1996 Housing Dispersal Po/icy, the Chase Node area is located in a suitable block group for developing Iow income housing. The proposed unit mix consists of 60 one-bedroom, 84 two-bedroom, and 96 three-bedroom apartments for a total of 240 units. The site is zoned R4, which requires at least 20 units per acre; therefore, the development must contain a minimum of 196 units. Proposed zoning for the Chase Node would require 25 units per acre; if implemented, Eugene's planning department would require at /east 245 units on this 9.8 acre site. 240 units is the appropriate size for the acreage, high land cost, zoning, and Eugene's housing need. 6. Yes [] No Will the development cause displacement of Iow-income persons? If yes, please explain mitigating factors that should be considered by the City. The site of the proposed development is currently open land. 7. Yes [] No Will the development cause destruction of historic property? If yes, please provide information as to any permit therefore or exception granted by the City Council. The site has passed SHPO's and the city of Eugene's historic review. u 8. [] Yes No The portion of the property for which exemption is sought is or will be offered for rent. 9. [] Yes No The portion of the property for which exemption is sought is or will be occupied solely by Iow-income persons. If yes, please attach a Certification of Income Levels of Low-income Occupants as Schedule 5. 10. [] Yes No The required rent payment reflects, or will reflect the full value of the property tax exemption. Attach documentation as Schedule 6. 11. Describe how the tax exemption will benefit project occupants: The tax exemption is critical to the project's feasibility; combined with federally funded grants and a Iow-interest loan through OHCS, P3 will able to offer a high quality development with affordable rents to benefit Iow income families over a 60 year period. 12. [] Yes No The property is unoccupied, and the attached Schedule 7 documents that it will be offered for rental solely as a residence for Iow-income residents. [] Yes No The property is occupied, and the attached Schedule 7 documents that it is occupied solely as a residence for Iow-income residents.