Board Of Aldermen - Agenda - 9/28/2021 - P24

INC WSIO NARY ZONING ANALYSIS 1 9

full value from the affordable unit, which has a similar cost to that of a market unit, results in a
financial loss.

The Inclusionary/Bonus Density Scenario reveals that a 1:1 bonus density would result in having an
IRR that met the proposed minimum return threshold. The table reveals that adding one market rate
unit would nearly achieve the expected financial return (IRR of 14.93% and NPV of -$11,689.