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HomeMy WebLinkAboutOLD TOWN NORTH - 90% PDP - 28-99A - SUBMITTAL DOCUMENTS - ROUND 5 - MODIFICATION REQUESTMr. Troy Jones Old Town North Modification Page 2 minimum of 10% of the units will meet the city of Fort Collins requirements for affordable housing. Advances the public interest and would not be detrimental to the public good As identified in the Fort Collins policy " Priority Affordable Housing Needs and Strategies" which was adopted on February 2nd of this year, Fort Collins Highest priority should be affordable housing.. According to City Plan Policy HSG-2.2 which states "The City will support and encourage the private development of affordable housing by offering incentives and reducing local government barriers to the construction of additional units." it is anticipated that the City will assist the developer in keeping the project affordable by "reducing local government barriers" that may impede the "affordability" of housing within Old Town North. The proposed project (Old Town North) would provide exactly the type of neighborhood desired as part of this policy. With accelerating housing costs, the availability of housing for low to moderate income housing is becoming more scarce within the city. Without new affordable housing projects like Old Town North many people in Fort Collins will not be able to buy there own homes. By providing affordable housing, Old Town North advances the interests of the public good by allowing those who could not afford the benefits of home ownership a chance to own their own home. Due to Old Town North's status as a proposed affordable housing project, without the modification, the development would lose density which would inhibit the ability of the developer to maintain the affordability crucial to the successful implementation of affordable housing. We feel that it is in the public interest to develop the affordable housing being proposed in this project. Thank you for your consideration of this modification Sincerely, bha design inc. by Russell Lee May 17, 2001 Mr. Troy Jones Current Planning City of Fort Collins 281 N. College Ave. Fort Collins, CO. 80521 RE: Old Town North- Standard Modification Request Dear Troy, This letter represents an official request for a modification to the City of Fort Collins Land Use Code under Division 3.5 of the code. The code modification or interpretation requested is for Article 3.5.2, paragraph D, sub -paragraph (3), which states: The minimum side yard setback for all residential buildings and for all detached accessory buildings that are incidental to the residential building shall be five (S) feet from the property line. If a zero lot line development plan is proposed, a single six-foot minimum side yard is required.. This request is for a modification waiving the minimum allowable side yard setback of five feet (5). The plan proposes a four foot (4) side yard setback instead of five feet (5). Background The site is located west of the proposed extension of Redwood, north of the Lake Canal, and east of College Avenue. The site is approximately 40 acres and is being designed to provide single family housing that would meet the stated definition of affordable housing as defined by the City code. Affordable Housing Unit for Sale shall mean a dwelling unit which is available for purchase on terms that would be affordable to households earning eighty(80) percent or less of the median income of city residents, as adjusted for family size, and paying less than thirty-eight (38) percent of their gross income for housing, including principal, interest, taxes, and insurance, utilities, and homeowner's association fees. The unit must be occupied by and affordable to such low income household(s) for a period of not less than twenty (20) years. As proposed the project would include 138 single family homes (105 in phase 1; 33 in Phase 2) plus a second housing type which would include 118 single family attached homes (110 in phase 1; 8 in phase 2). 80 units within the development will be priced to meet the guidelines established by the State of Colorado affordable housing requirements. As well, a