12 - Laserfiche WebLink

The Planning Commission has recommended that the density for the CM Capital 2 site be modified within the Site Inventory from a minimum density of 30 units per acre to 12.5 units per acre which would affect current RHNA calculations. This change would lower the City's capacity to provide very low- and low- income housing by 200 units while increasing the capacity to provide above moderate - income housing by 84 units (assuming a density of 12.5 units per acre). A summary of the current and modified inventory table (with down - zoning of the CM Capital 2 site) has been included as Table 3. Table 3: Estimated Capacity with Recommended Modifications Estimated Capacity otal Permitted and Approved Projects Vacant and Underutilized Land Original Inventory 1,191 *Modified Inventory 291 Total 2014 -2022 RHNA 991 1,482 1,282 1,107 Original Inventory *Modified Inventory 1,515 1,515 407 Original Inventory *Modified Inventory 174 Original Inventory 188 272 1,379 *Modified Inventory 1.980 1,263 362 446 553 3,359 3,243 2,067 RHNA +375 1 +175 +1,108 +1,108 -191 -107 +1,292 Surplus /Shortfall * The Modified Inventory assumes a density at the Planning Commission recommended 12.5 units per acre. +1,176 At this time HCD has not formally reviewed Staffs analysis of the estimated capacity. Because the permitted and approved projects are entitled units with Affordable Housing Agreements, staff is confident that HCD will accept these units for the purposes of the site inventory. However, staff has concerns regarding the adequacy of the vacant /underutilized and capacity. Although sites may be zoned to allow high density residential uses, they must also be viable for the development of such projects. Without knowing HCD's conclusions regarding the viability of all sites, staff hesitates to recommend that any high density site be modified or removed from the site inventory. However, if the Council wishes to move forward with modifying the density of the CM Capital 2 site within the current site inventory for the purpose of obtaining HCD input, it may do so. Staff feels that should HCD raise concerns regarding the revised inventory, there is adequate time to move the CM Capital 2 site back to its current density and revise the site inventory accordingly. Final actions to officially modify the development standards of the CM Capital 2 site would not take place until after HCD review is complete and prior to final Housing Element adoption. The Planning Commission has recommended the City Council consider rezoning the CM Capital property to allow for lower density residential development. Page 5 of 8 Very Low and Low Above Moderate . Income Levels Income Moderate Income Income Estimated Capacity otal Permitted and Approved Projects Vacant and Underutilized Land Original Inventory 1,191 *Modified Inventory 291 Total 2014 -2022 RHNA 991 1,482 1,282 1,107 Original Inventory *Modified Inventory 1,515 1,515 407 Original Inventory *Modified Inventory 174 Original Inventory 188 272 1,379 *Modified Inventory 1.980 1,263 362 446 553 3,359 3,243 2,067 RHNA +375 1 +175 +1,108 +1,108 -191 -107 +1,292 Surplus /Shortfall * The Modified Inventory assumes a density at the Planning Commission recommended 12.5 units per acre. +1,176 At this time HCD has not formally reviewed Staffs analysis of the estimated capacity. Because the permitted and approved projects are entitled units with Affordable Housing Agreements, staff is confident that HCD will accept these units for the purposes of the site inventory. However, staff has concerns regarding the adequacy of the vacant /underutilized and capacity. Although sites may be zoned to allow high density residential uses, they must also be viable for the development of such projects. Without knowing HCD's conclusions regarding the viability of all sites, staff hesitates to recommend that any high density site be modified or removed from the site inventory. However, if the Council wishes to move forward with modifying the density of the CM Capital 2 site within the current site inventory for the purpose of obtaining HCD input, it may do so. Staff feels that should HCD raise concerns regarding the revised inventory, there is adequate time to move the CM Capital 2 site back to its current density and revise the site inventory accordingly. Final actions to officially modify the development standards of the CM Capital 2 site would not take place until after HCD review is complete and prior to final Housing Element adoption. The Planning Commission has recommended the City Council consider rezoning the CM Capital property to allow for lower density residential development. Page 5 of 8