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Objective |
Metric |
Target (Examples) |
Tracking Method |
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Rental Housing Affordability
(Example) |
Rent as a percentage of area median income |
Units should remain occupied by and affordable (<30% of income) to families earning 60% of Area Median Income. |
Annual tenant income certification
Annual comparison of rents to income statistics published by HUD. |
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Job Creation |
Net new jobs provided by businesses leasing space. (Total jobs less any that existed prior to relocation) |
Unit will be leased to businesses that generate at least 25 net new jobs |
Comparison of pre-occupancy and post-occupancy surveys of business tenants. |
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Jobs provided to disadvantaged workers by businesses leasing space. |
15 jobs provided to individuals classified as difficult to employ. Ie. Long term unemployed, welfare recipients, etc. |
New employee information forms administered by all business tenants for each hire. |
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Number of jobs provided which meet the local living wage standard. |
30 jobs will be provided on site which pay $9.25 per hour of $8 with Benefits adjusted annually by the City’s Living Wage Ordinance. (or some other living wage standard if no adequate city ordinance) |
Annual Employment and Benefits Survey administered to each employer. |
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Job Training Opportunities |
Number of formal job training spots provided. |
Space will be leased to professional job training organizations (or employers working closely with such organizations) for uses that provide training to a minimum of 100 people per year. |
Annual report on enrollments and placements completed by training providers. |
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Community Services |
Percentage of the project tenants that provide services that were previously unavailable in the community |
The majority of tenants will provide at least one service identified as lacking in the community by the community needs assessment prior to their move-in. |
Community needs assessment survey conducted at least every three years. |
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Income Generation |
Amount of annual unrestricted cash flow generated by the project for use as organizational operating support or to subsidize services to building residents. |
The building will generate a minimum of $75,000 annual net revenue (after reserve contributions) to be used to support tenant services. |
Financial Audits. |
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Small Business Development |
Percentage of tenants that are disadvantaged businesses which would not otherwise be able to lease comparable space. |
Fifty percent of tenant businesses will be owned and operated by minority first-time entrepreneurs. |
Ownership and previous business experience information requested on rental application. |
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Nonprofit
Office Space |
Percent by which rents for nonprofit (arts, service, etc.) tenants are below market rents for the area. |
Space will be leased to nonprofits providing services to building residents and other community members at at least 20% below the prevailing rent for comparable space in the area. |
Annual area rent study. |
