The pilot program offers three options for developers to meet affordable housing requirements: constructing units off-site with $150,000 per unit in gap financing, rehabilitating existing uninhabitable units, or paying in-lieu fees of $43.91 per square foot for apartments and $51.30 per square foot for condominiums.

Read More: https://s3.us-east-1.amazonaws.com/smdp_backissues/082725.pdf%0A