Laserfiche WebLink
3.A. - Page 14 of 14 <br />AFFORDABLE HOUSING REPLACING RETAIL <br />849 VETERANS BLVD <br />BMR multifamily <br />is fiscally <br />inferior to <br />existing retail <br />Typical Conditions <br />New Development <br />COVID Conditions <br />Multifamily Residential 83 DUs $254 <br />- $21,110 <br />BM R Multifamily Residential 7 DUs -$508 <br />- 3556 <br />Total New <br />$17,553 <br />Less Existinq Development <br />BMR Multifamily Residential <br />Retail -14,400 5F - <br />$2,232 ($32,142 <br />Total Existing <br />{;32,142] <br />Total Annual Net Impact <br />Less Existing Development <br />(Total New - Total Existing) <br />4 <br />16 <br />COVID Conditions <br />New Development <br />Multifamily Residential <br />83 DUs $141 <br />- $11,726 <br />BMR Multifamily Residential <br />7 DUs -$622 <br />-(S4.357) <br />Total New <br />$7,369 <br />Less Existing Development <br />Retail <br />-14,400 5F - <br />$2,176 ($31,341 <br />Total Existing <br />{;31,341] <br />Total Annual Net Impact <br />(Total New - Total Existing) <br />4 <br />16 <br />