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Figure 1 <br /> Illustration of Nexus-Based Housing Fee Methodology <br /> If negative Subsidy <br /> Required <br /> Step#1 <br /> AffordabilityGapAnalysis Affordable <br /> yminus Development equals Affordability <br /> (Subsidy Required to Construct Unit Value <br /> Affordable Units) by Income Costs Gap <br /> No Subsidy <br /> If positive Required <br /> Required Total Workers to <br /> Household Total Demand for <br /> Step#2 <br /> Market Rate Household Provide Goods and <br /> N Affordable Housing Demand Unit Rents °' Income Expenditures ► Services by 0. Affordable Units for <br /> (Generated by Market Rate Housing) Level by Category Expenditure Category Workers <br /> Step#3 AffordabilityDemand for Maximum <br /> Nexus- <br /> Compute Impact Fee multiplied Affordable Units for equals Supportable et c U nit Gap by Workers Based Housing Fee <br /> per (Subsidy Required) (per market rate unit) • (per market rate unit) <br /> Economic&Planning Systems, Inc.2/23/2018 p o o ,BSe F�lM151ro o s <br />