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<br />Bloomington Opportunity <br />Housing Incentives <br />Updated 3-18-2024 <br /> <br />Incentive <br />Low Income <br />(Capped at 60%) <br />51% to 60% AMI <br />Affordability <br />Very Low Income <br />31% to 50% AMI <br />Extremely Low Income at <br />or Below 30% AMI §9.16.01 Density Bonus <br /> <br />1 additional unit allowed per <br />low-income unit provided <br />capped at 50% density <br />increase <br />2 additional units allowed <br />per very low-income unit <br />provided capped at 50% <br />density increase <br />2 additional units allowed <br />per extremely low-income <br />unit provided capped at <br />50% density increase §9.16.02 Site Area <br />Reduction May reduce minimum site <br />area requirements by up to <br />10% <br />May reduce minimum site <br />area requirements by up to <br />25% <br />May reduce minimum site <br />area requirements by up to <br />50% §9.16.03 Site Width <br />Reduction May reduce minimum site <br />width requirements by up <br />to 10% <br />May reduce minimum site <br />width requirements by up <br />to 25% <br />May reduce minimum site <br />width requirements by up <br />to 50% §9.16.05 Open Space <br />Reduction May reduce minimum <br />open space requirements <br />by up to 10% <br />May reduce minimum <br />open space requirements <br />by up to 25% <br />May reduce minimum <br />open space requirements <br />by up to 50% §9.17 Floor Area Ratio <br />Bonus <br />1,000 SF additional floor <br />area allowed per low- <br />income unit capped at 50% <br />FAR increase <br />2,000 SF additional floor <br />area allowed per very low- <br />income unit capped at 50% <br />FAR increase <br />2,000 SF additional floor <br />area allowed per extremely <br />low-income unit capped at <br />50% FAR increase §9.18 Height Bonus 1 story/10 feet 1 story/10 feet 1 story/10 feet §9.21 Minimum Unit <br />Size Reduction 10% for low-income units <br />only <br />20% for very low-income <br />units only <br />30% for extremely low- <br />income units only §9.22 Alternative <br />Exterior Materials 50% of qualifying facades <br />(not facing public streets) <br />75% of qualifying facades <br />(not facing public streets) <br />100% of qualifying facades <br />(not facing public streets) §9.23 Storage Space <br />Reduction 50% reduction <br />50% or 75% reduction when <br />providing 20% of units at <br />under 50% AMI <br />50%, 75%, or 90% <br />reduction when providing <br />10% of units at under 30% <br />AMI §9.24 Landscaping Fee <br />in Lieu Reduction NA 100% 100% §9.25 Development Fee <br />Reimbursement Sliding scale upon showing <br />of demonstrated need <br />Sliding scale upon showing <br />of demonstrated need <br />Sliding scale upon showing <br />of demonstrated need <br />29