To help our members, the National Association of Home Builders (NAHB) is working to develop a toolkit for members nationwide to use when their location community decides to implement an inclusionary zoning ordinance. Many communities across the country are considering / implementing them. Some are good, some are not good. NAHB is seeking confidential specific, real world data on existing ordinances. As you are likely aware, New Castle County’s work force housing ordinance is actually a inclusionary zoning ordinance.
To that end, their goal is to produce an off-the-shelf tool that a builder or developer members can use to compute the impact of inclusionary zoning on a specific development project in terms of the subsidy he/she is being asked to provide for the affordable units. That information can then be used to show developers how they can tailor a community’s incentives in a more effective way, to enhance the feasibility not only of that project, but also of affordable projects more generally.
Because there is no uniform industry standard for pro forma templates for development, NAHB is seeking examples to use as a basis for this Pro Forma Calculator. They are seeking project-specific pro formas for single-family and multifamily developments of all sizes. They do not require specific cost or profit ratios for projects – rather, we are interested in the general structure and details you typically include in a pro forma. Any project that has been approved or completed is acceptable. Projects involving inclusionary zoning are ideal but all development examples are welcome.
Please note that these pro formas will be treated confidentially, and any identifying features of the pro forma will be removed to ensure confidentiality.
If you would like to participate or have any other questions please let me know email@example.com and I will forward the names/email of the NAHB staff members handling this. For confidentially sake please do not send to me your pro forma. Thank you in advance for your support.