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Home > Incentive
Programs > Residential Bonus Program
Downtown
Dravus
Applying for Bonus Funding
Downtown
Zones: DOC-1 Unlimited/450-Unlimited, DOC-2 500/300-500, DMC 240/290-400 and DMC 340/290-400
Extra floor area: Residential development allowed in addition to the base height limit for the zone
Performance option:
- Amount: Housing serving low-income households must equal 11% of bonus floor area.
- Location: Low-income housing provided to qualify for a bonus must be within the residential development benefiting from the bonus or on a site adjacent to that development.
- Income limits: 80% AMI for rental and 100% AMI for owner-occupied units.
- Affordability term: 50 years beginning at issuance of final certificate of occupancy for the project using the bonus.
- The low- or moderate-income housing must be newly constructed or converted from a nonresidential use.
- Agreement between housing owner and City must be executed and recorded prior to issuance of building permit for the housing.
Payment option:
- Amount: The developer pays the lesser of:
— An amount that equals the approximate cost of developing the same number and quality of housing units that would be developed under the performance option, as determined by the DPD Director; or
— In DOC-1 and DOC-2 zones, $18.94 per bonus square foot; or in DMC zones, between $10-$25 per bonus square foot, not to exceed an average of $18.94 per bonus square foot (important – see 23.49.015.B for more on calculating the bonus amount)
- Timing: Cash payments must be paid prior to issuance of any building permit after the first building permit for the development, and before any permit is issued for construction activity other than excavation and shoring.
- Location of low- and moderate-income housing: Housing funded with cash payments will be prioritized first within the Downtown Urban Center and second in Urban Centers adjacent to the Downtown Urban Center.
Code references:
- SMC 23.49.015: Bonus residential floor area for voluntary agreements for low-income housing and moderate-income housing
- SMC 23.49.008: Structure height
For more information contact Laura Hewitt Walker, (206) 684-0429.
Dravus
Zones: SM/D/40-85
Extra floor area: Residential development allowed in addition to the base height limit for the zone
Performance option:
- Amount: Housing serving low-income households must equal to 17.5% of 80% of the gross residential floor area of all stories on the lot wholly or in part above the base height limit, or 700 square feet, whichever is greater.
- Income limits: 80% AMI for rental and 100% AMI for owner-occupied units.
- Affordability term: 50 years beginning at issuance of final certificate of occupancy for the project using the bonus.
- Agreement between housing owner and City must be executed and recorded prior to issuance of building permit for the housing.
Payment option:
- Amount: $18.94 per net square foot of bonus floor area.
- Timing: Cash payments must be paid prior to issuance, and as a condition to issuance, of any building permit after the first building permit for the development, and before any permit is issued for construction activity other than excavation and shoring.
- Location: Housing funded with cash contributions will be prioritized in the general area of the development.
Code references:
For more information contact Laura Hewitt Walker, (206) 684-0429.
Applying for Bonus Funding
Cash contributions by commercial developers for affordable housing are made available through the Office of Housing’s Notices of Funding Availability (NOFA) program.
For more information, contact:
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