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THE CITY OF t"' °' "' CITY COUNCIL AGENDA REPORT pL EASANTON® October 22, 2013 Assistant City Manager TITLE: JOINT WORKSHOP WITH THE HOUSING COMMISSION TO DISCUSS THE LOWER INCOME HOUSING FEE STUDY SUMMARY At your meeting of November 20, 2012, the City Council approved an agreement with Economic & Planning Systems, Inc. (EPS) to prepare a Lower Income Housing Fee Study. The study includes both an analysis of a supportable City lower income housing fee and a development feasibility analysis concerning the impact a fee adjustment could have on local development. The draft reports are complete and EPS will provide an overview of its findings at this workshop. As presented, the overall study is separated in the following four documents hereinafter referred to as the "Report:" . Nexus- Based Affordable Housing Fee Analysis for Rental Housing; . Nexus- Based Affordable Housing Fee Analysis for For-Sale Housing; • Nonresidential Development Housing Linkage Fee Nexus Study; . Nexus-Housing Fee Survey and Development Feasibility Considerations. In addition to reviewing the Report, staff is recommending the City Council and Housing Commission provide staff with direction regarding an appropriate lower income housing fee adjustment, if any. If the direction is to make a fee adjustment, staff will prepare the appropriate material and present it at a future City Council meeting. If the direction is no fee adjustment, staff will continue processing new development with the existing fee. RECOMMENDATION 1. Accept the Report and its fee methodology. 2. Continue to apply the City's Lower Income Housing Fee in the categories of single family homes greater than 1,500 square feet, single family homes less than 1,500 square feet, multi-family homes and commercial. 3. Select one of the four fee options detailed in this report, or an alternative option. If either Option 3 or 4, or an alternative option, is selected that results in a fee adjustment, direct staff to prepare the appropriate information for review and approval at a future City Council meeting. If either Option 1 or 2 are selected, then no further action is required. FINANCIAL STATEMENT The potential financial impacts are outlined in this report.