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<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">Hi Kathy,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">The City of Worcester does not tie the fee in lieu to sale prices. The Inclusionary Zoning ordinance requires a cash payment that is equal to three percent (3%) of the total construction value
of all building permits for the development, including trade permits.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">Best,<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif">Jeanette<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-add-space:auto">
<b><i><span style="font-size:9.0pt;font-family:"Verdana",sans-serif;color:#2F5496;mso-ligatures:none">Jeanette R. Tozer, AICP
</span></i></b><i><span style="font-size:9.0pt;font-family:"Verdana",sans-serif;color:#2F5496;mso-ligatures:none">(she, her)</span></i><i><span style="font-size:9.0pt;font-family:"Calibri",sans-serif;color:#2F5496;mso-ligatures:none"><o:p></o:p></span></i></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-add-space:auto">
<span style="font-size:9.0pt;font-family:"Verdana",sans-serif;mso-ligatures:none">Affordable Housing Trust Fund Manager</span><span style="font-size:9.0pt;font-family:"Calibri",sans-serif;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-add-space:auto">
<span style="font-size:9.0pt;font-family:"Verdana",sans-serif;mso-ligatures:none">Executive Office of Economic Development</span><span style="font-size:9.0pt;font-family:"Calibri",sans-serif;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-add-space:auto">
<span style="font-size:9.0pt;font-family:"Verdana",sans-serif;mso-ligatures:none">City of Worcester | 455 Main Street, Worcester, MA 01608<o:p></o:p></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-add-space:auto">
<span style="font-size:9.0pt;font-family:"Verdana",sans-serif;mso-ligatures:none">P: 508-799-1400 x31438<o:p></o:p></span></p>
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<span style="font-size:9.0pt;font-family:"Verdana",sans-serif;mso-ligatures:none">E:
<span style="color:#2F5496"><a href="mailto:tozerj@worcesterma.gov"><span style="color:#2F5496">tozerj@worcesterma.gov</span></a>
<o:p></o:p></span></span></p>
<p class="MsoNormal" style="mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;mso-add-space:auto">
<span style="font-size:9.0pt;font-family:"Verdana",sans-serif;color:#2F5496;mso-ligatures:none"><a href="http://www.worcesterma.gov/housing-neighborhood-development/affordable-housing-trust-fund"><span style="color:#2F5496">www.worcesterma.gov</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none">From:</span></b><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"> MassPlanners <massplanners-bounces@masscptc.org>
<b>On Behalf Of </b>Williams, Kathleen via MassPlanners<br>
<b>Sent:</b> Wednesday, April 17, 2024 11:30 AM<br>
<b>To:</b> Mass Planners <massplanners@masscptc.org><br>
<b>Subject:</b> [Massplanners] Fee in Lieu of Affordable Housing<o:p></o:p></span></p>
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<b><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:red;mso-ligatures:none">Caution:</span></b><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:red;mso-ligatures:none">
</span><span style="font-size:10.0pt;font-family:"Calibri",sans-serif;color:black;mso-ligatures:none">This email came from outside the City of Worcester. Do not click on links or open attachments unless you are sure you recognize the sender and you know the
contents are safe.</span><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"><o:p></o:p></span></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family:"Calibri",sans-serif;mso-ligatures:none"><br>
</span>Hi All,<o:p></o:p></p>
<p class="MsoNormal">The Town of Yarmouth is looking to modify the way we calculate the cash payment for the Fee in Lieu of Affordable Housing. I know this is a topic that has been discussed before and have looked at the more recent responses, but was wondering
how others determine this calculation. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Yarmouth is looking at a way to calculate the difference in sale price between the market rate unit and an affordable unit and are proposing the following.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal" style="margin-left:.5in;text-align:justify"><span style="font-family:"Calibri",sans-serif">412.4.5 Fee in Lieu of Affordable Housing. Calculation of cash payment.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in;text-align:justify"><span style="font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in;text-align:justify"><span style="font-family:"Calibri",sans-serif">For each affordable unit not provided within the locus of the development, the fee shall be the difference between the current Median Sale Price*
and the affordable price calculated to be affordable by the Massachusetts Executive Office of Housing and Livable Communities (HLC) Local Initiative Program (LIP)** to a household of four earning no more than 80% of the Area Median Income as set by U.S. HUD
on an annual basis for Barnstable County.<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in;text-align:justify"><span style="font-family:"Calibri",sans-serif">* The Median Sale Price is per the most current Warren Group data, adjusted for unit type, and where units in multi-family buildings of 3 or more
units are considered condominium units. <o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.5in;text-align:justify"><span style="font-family:"Calibri",sans-serif">** Housing units in multi-family buildings of 3 or more units are calculated as condominium units.<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks,<o:p></o:p></p>
<p class="MsoNormal">Kathy<o:p></o:p></p>
<p class="MsoNormal"><b><span style="font-size:18.0pt;font-family:"Times New Roman",serif">----------------------------------------</span></b><span style="font-size:12.0pt;font-family:"Times New Roman",serif;mso-ligatures:none"><o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Kathy Williams, P.E.<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Yarmouth Town Planner<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">1146 Route 28<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">South Yarmouth, MA 02664-4492<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">(508) 398-2231 Ext 1276<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><a href="mailto:kwilliams@yarmouth.ma.us"><span style="color:blue">kwilliams@yarmouth.ma.us</span></a><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Calibri",sans-serif"><o:p> </o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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