Bloomington Opportunity Housing Incentives and Tools for Developers
Opportunity Housing Ordinance
This ordinance requires developers of new housing and substantial housing rehabilitation projects to provide a minimum number of affordable units.
The ordinance provides several incentives to add affordable units, such as:
- Density bonuses
- Housing tax increment financing
- Expedited reviews
The ordinance is comprehensive in scope and helps increase the supply of affordable housing units throughout the city.
Bloomington Opportunity Housing Incentives and Tools for Developers
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Opportunity Housing Implementation Guide
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Opportunity Housing Incentives Tool
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Opportunity Housing Incentives Table
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Opportunity Housing Compliance Methods Matrix
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Opportunity Housing Developer Information Session Presentation
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Opportunity Housing Developer Information Session Q & A
Process Overview
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Affordable Housing Plan
Residential developments of 20 units or more must submit an Affordable Housing Plan to the City of Bloomington as a part of the application for a final site and building plan, a final development plan or for NOAH preservation. An Affordable Housing Plan is not required for a development in which the affordable housing obligation is satisfied by a payment in lieu.
Developers are encouraged to discuss projects with the Opportunity Housing Advisor and the Planning Division.
Affordable Rent and Income Limits
The tables below list the affordable rent and household incomes at the current levels of area median income, as calculated by the U.S. Department of Housing and Urban Development (HUD) based on HUD's Area Median Income for a family of four for the Minneapolis-Saint Paul-Bloomington Metropolitan Statistical Area.