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ARTICLE · 27 DECEMBER 2024

COYHO's New UAP Framework For Affordable Housing

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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Herbert Smith Freehills Kramer LLP

Herbert Smith Freehills Kramer LLP

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The recently adopted City of Yes for Housing Opportunity (COYHO) text amendment effected a sweeping overhaul of the city's zoning regulations, as discussed in our recent client alert.

United StatesReal Estate and Construction
Patrick Sullivan
Patrick Sullivan
Valerie G. Campbell
Valerie G. Campbell
James Power
James Power
Paul D. Selver
Paul D. Selver
Elise Wagner
Elise Wagner
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The recently adopted City of Yes for Housing Opportunity (COYHO) text amendment effected a sweeping overhaul of the city's zoning regulations, as discussed in our recent client alert. Last week's client alert discussed COYHO's changes to the framework for landmark transfers. This alert addresses changes to the floor area bonus for affordable housing under COYHO's Universal Affordability Preference — UAP — provisions.

COYHO includes several key differences from the current Inclusionary Housing bonus framework:

  • Increased Floor Area Ratio (FAR): A floor area increase is now allowed in all R6 through R10 districts for developments that provide affordable housing under the UAP program. The additional floor area is in most cases equal to 20% of the floor area available for market rate development. Some districts also received an increase in the permitted base FAR.

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