3.93.060 Partial exemption for low-income housing.
A. Impact fees for building permits for low-income housing may receive a discount of 80 percent per RCW 82.02.060.
B. “Low-income housing” means housing with a monthly housing expense that is no greater than 30 percent of 80 percent of the median family income (defined by HUD) adjusted for family size, for Skagit County, as reported by the United States Department of Housing and Urban Development.
C. The discount must be conditioned on requiring the property owner to record an affordable housing covenant in a form approved by the city with the Skagit County Auditor. The covenant must run with the land and be binding on the owner, assigns, heirs and successors and must:
1. Prohibit use of the property or units for any purpose other than for low-income housing, as defined in this section;
2. Address price restrictions and household income limits for the low-income housing;
3. Provide that if the property or units are converted to a use other than for low-income housing, the property owner must pay the applicable impact fees in effect at the time of conversion;
4. Address reporting and monitoring requirements and any other topics related to the provision of low-income housing units deemed necessary by the city.
D. If the city collects impact fees on behalf of a school district, the school district must approve the discount.
E. The city may, at its sole discretion, establish a monitoring fee for the affordable units to cover the costs to the city to review and process documents to maintain compliance with income and affordable restrictions of the covenant. (Ord. 3022 § 4 (Att. A), 2018)