Inclusionary Housing And Linkage Programs in Metropolitan Boston

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His proceeds must include his 10% overhead and profit (which is actually 9% of sales income).
a. Income from sales ($320,000 * 9) $2,880,000 b. Construction costs (70 * 2,800 * 9) 1,764,000 Soft costs (12,000 * 9) 108,000 Hard costs ( 8,000 * 9) 72,000 c. Overhead and profit (Income * .09) 259,200 d. Costs plus overhead and profit 2,203,200 e. Feasible bid for land (a-d) 676,800 -73- The feasible bid for the land is $72,500 per houselot, somewhat low but not totally out of line with current pri
...ces for an unimproved lot in a middle income suburban community in the Boston region. Other hard costs include site improvements, pavement, landscapping, etc.; soft costs include the cost of design, legal services, permit fees, construction financing, etc.
Assume, however, that the above developer would like to encourage the community to adopt an inclusionary housing program and use this parcel as the first example. How many units would he have to develop to make an inclusionary program feasible?


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