(a)
Residential Developments. A 20% workforce housing requirement shall be assessed to any residential project subject to the Workforce Housing Policy. The housing assessment shall be satisfied by fee-simple sale of workforce housing units at affordable housing prices, which shall be determined by the Housing Agency pursuant to Article 4 of this Chapter.
(1)
For a residential development consisting of 10 to 25 units, a developer shall be required to satisfy a workforce housing requirement based on project's total number of residential units. Workforce housing units shall be sold to households earning from 80% to 120% of Kaua'i median household income, with the average sales price being affordable to households earning 100% of Kaua'i median household income.
(2)
For a residential development consisting of 26 units or more, a developer shall be required to satisfy a workforce housing requirement based on project's total number of residential units. Workforce housing units shall be sold to households earning from 80% to 120% of Kaua'i median household income, in accordance with the following income group assessment:
(A)
Thirty percent of total units priced to be affordable to households earning up to 80% of the Kaua'i median household income.
(B)
Forty percent of total units priced to be affordable to households earning up to 100% of the Kaua'i median household income.
(C)
Thirty percent of total units priced to be affordable to households earning up to 120% of the Kaua'i median household income.
(3)
For a residential development of more than 10 units in which more than 50% of the project will be developed as workforce housing, the Director may approve a workforce housing assessment that varies from the unit count and income limits imposed by Subsections 7A 2.1(a)(1) and 7A-2.1(a)(2), provided that the workforce housing public benefit exceeds that in Subsections 7A-2.1(a)(1) and 7A-2.1(a)(2).
(b)
Resort Developments. For resort projects in visitor destination areas, for amendments into the visitor destination area, and for resort district zoning amendments which have density for more than 10 dwelling units or 20 hotel rooms, two workforce assessment methods are available:
(1)
a 50% workforce housing requirement in accordance with the income group assessment provided in Section 7A-2.1(a)(2); or
(2)
a workforce housing requirement of at least 35% based upon an independent analysis in accordance with the income group assessment provided in Section 7A-2.1(a)(2). For the independent analysis, the number, type, size, income target groups to benefit, and the sales or rental prices of workforce housing units required shall be based on an analysis of the number of jobs to be generated, the availability of workers to fill those jobs, the resultant number and incomes of workers to be supported by those jobs, the estimated number of workers requiring housing assistance, and the amount of housing inventory available to those workers. Such analysis shall be conducted by an economist retained by, but independent of, the developer. The analysis shall be subject to approval by the County Council for all petitions for visitor destination area or zoning district boundary amendments, or approval by the Housing Agency for subdivision, zoning, or building permit applications.
Under either assessment method, the developer shall complete construction of the required workforce housing units before final building inspections or certificate of occupancy is issued for any facility or accommodation of the resort development, except for temporary buildings for real estate sales offices. |
(Ord. No. 860, November 20, 2007; Ord. No. 1081, October 29, 2020)