What is an example of how to combine the Minimum Low-Income Housing Set-Aside and the Additional Low-Income Housing Set-Aside?
In the following examples the Applicant has chosen a Minimum Low-Income Housing Set-Aside of “40/60” (which means a minimum of 40% of the Total Housing Units and all Low-Income Housing Units will be Rent-Restricted to Residents at or below 60% of the Area Median Gross Income). In addition, they made a Commitment to have an Applicable Fraction of 100% (which means that 100% of the Total Housing Units will be Rent-Restricted to Residents at or below 60% of the Area Median Gross Income). Finally, in order to get Allocation Criteria Points, they made a Commitment to provide Additional Low-Income Housing Set-Aside Units. Points will be awarded to Projects based on the Applicants Commitment to provide selected percentages of the Total Low Income Units for occupancy by households at or below selected Area Median Gross Income levels utilizing the Additional Low-Income Housing Set Aside Matrix provided in Chapter 6 of the Policies. The Additional Low-Income Housing Set-Aside units are both rent
