Calculation of Affordable Housing. (a) The minimum total square meterage (Gross Floor Area) of Affordable Housing to be provided on the Land as part of the Development, as required by clause 1(a) of Schedule 3, is to be calculated using the following formula: AHGFA = (12% x 3,267) + (3% x RTFA) + (1% x NRTFA) where AHGFA is the minimum Gross Floor Area of Onsite Affordable Housing 3,267 is the total square meterage of the large format supermarket below ground level that is permitted by the controls proposed in the Planning Proposal and subject to the resultant Instrument Change RTFA is the Total Floor Area of that part of the Development that is intended to be used for residential purposes, as determined in the Development Consent NRTFA is the Total Floor Area of that part of the Development that is not intended to be used for residential purposes, as determined in the Development Consent
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Samples: Planning Agreement, Planning Agreement, meetings.cityofsydney.nsw.gov.au
