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In addition to the increased density requirements, the proposed Ordinance will establish clear <br /> guidelines and criteria for the issuance of the Workforce Housing Density Bonuses set forth in <br /> the City Code. Specifically, a developer must provide one (1) Workforce Housing Unit for one <br /> (1) market rate unit provided under the Workforce Density Bonus program. The workforce <br /> housing units under the program will be available for households with income of one hundred <br /> twenty (120) percent or less of the median income in Miami-Dade County. The median income <br /> is $48,100.00 in Miami-Dade County as of 2016. Preferable treatment will be provided to police <br /> officers and employees of the City. The Workforce Housing program will not apply to <br /> developments in the resort and single family zoning districts. Additionally, developers will be <br /> required to ensure that a workforce housing unit remains affordable for a period of thirty (30) <br /> years under a restrictive covenant. To ensure compliance with the workforce housing guidelines, <br /> a developer is required to provide an annual report to the City Manager or designee. The <br /> developer shall also be subject to a$500 fine for failure to comply with the proposed Ordinance. <br /> Please note the proposed Ordinance promotes the construction of workforce housing in the same <br /> fashion as the proposed workforce housing ordinance adopted by Miami-Dade County. <br /> 2 <br />