HomeMy WebLinkAboutCARIBOU APARTMENTS - PDP - 18-02A - CORRESPONDENCE - AFFORDABLE HOUSING MEMO.►ILiSu[i ; . ► U-NTl
DT: August 1, 2002
TO: Priority Processing Distribution List
FM: Maurice Head, Affordable Housing Planner
RE: Priority Processing and Waiver of Development Fees for Hendricks
Communities - Caribou Apartment Project
Hendricks Communities is proposing to build a 193-unit affordable and market rate
development located at the southwest corner of Timeline Road and Caribou Drive in Fort
Collins. The project will have 45% of the units affordable to households at 50% to 60%
of the Area Median Income (AMI). The breakdown is as follows:
1. 6 One -bedroom units at 50% of AMI
2. 30 One -bedroom units at 60% of AMI
3. 8 Two -bedroom units at 50% of AMI
4. 43 Two -bedroom units at 60% of AMI
Therefore, the project qualifies for Priority Processing and a 45% waiver of its
Development Review Fees as an affordable housing project. The waiver only applies to
fees charged by the Current Planning Department.
Please implement Priority Processing procedures for this project's development review
process. The developer will be submitting an application for review to the Current
Planning Department in the next week.
If you have any questions, please call me at 221-6342. Thank you.