A communication transmitted from Yi-An Huang, City Manager, relative to an update on the Cambridge Redevelopment Authority Affordable Homeownership Commitment

P [phone removed] I F [phone removed] 255 Main Street I 8th Floor I Cambridge, MA 02142 CAMBRIDGE REDEVELOPMENT------------------------­ AUTHORITY cambrldgeredevelopment.org January 28, 2021 Mayor Sumbul Siddiqui Vice Mayor Alanna Mallon Ordinance Committee Co-Chair Dennis Carlone Ordinance Committee Co-Chair Marc McGovern City Councilor Patricia Nolan City Councilor Denise Simmons City Councilor Jivan Sobrinho-Wheeler City Councilor Timothy Toomey City Councilor Quinton Zondervan Cambridge City Hall 795 Massachusetts Avenue Cambridge, Massachusetts 02139 Re: CRA Commitment to Affordable Homeownership Housing accompanying the MXD Zoning Petition Dear Mayor Siddiqui, Vice Mayor Mallon and Councilors Carlone, McGovern, Nolan, Simmons, Sobrinho-Wheeler, Toomey, and Zondervan: This letter is the "Letter of Commitment" referenced in Section 14.39 of the proposed amendment to Article 14 of the Zoning Ordinance (the "MXD Zoning Amendment"). The purpose of this letter is to confirm that the Cambridge Redevelopment Authority (CRA) will commit to cause the construction of at least twenty thousand (20,000) gross square feet of below market for-sale housing units (the "MXD Below Market Rate Home Ownership Units") as detailed below. Current Zoning Requirements Article 14 of the Zoning Ordinance requires that twenty percent (20%) of any Infill GFA (as defined in Section 14.32.2 of the Zoning Ordinance) devoted to multi-family residential units be developed as Affordable units and that an additional five percent (5%) is developed as Middle-Income housing. Current zoning and special permits for the MXD District authorize four hundred and twenty thousand (420,000) square feet of new residential development. Note that Boston Properties committed in the December 21, 2015 letter of commitment referenced in existing Section 14.39 of the Zoning Ordinance (the "2015 Letter of Commitment") to providing a minimum of twenty percent (20%) of future residential GFA as for-sale housing units. The for-sale units would be subject to the same requirements as rental units in terms of providing twenty percent (20%) affordable and five percent (5%) middle-income housing. Exhibit A