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Task 2.4 Housing Resources Assessment LWC will identify housing resources, including programmatic and financial housing resources. The analysis will include a review of funding sources for housing development and improvement, regulatory incentives for affordable housing, and opportunities for residential energy conservation. Task 2.5 At-Risk Housing Analysis In accordance with State law, LWC will identify and analyze multifamily rental housing units that are currently affordable and at-risk of converting to market-rate in the next 10 years. This analysis will include an assessment of conversion risk and an estimate of the cost of replacement versus preservation under current market conditions. LWC will also identify local entities that are qualified to acquire and manage at-risk units and local, state, and federal financing and subsidy programs to support the preservation of these at-risk units. The current Housing Element(2015) did not identify any housing units at-risk. Task 2.6 Preliminary Report LWC will prepare a Preliminary Report summarizing the technical analysis and issues evaluation. This report will highlight key findings in bullet points (no more than three pages) and will include any supporting documents, tables, maps, charts, etc. as an appendix. LWC will conduct a call with City staff to review the Preliminary Report. LWC assumes City staff will submit a single set of non-conflicting comments on the Administrative Draft Preliminary Report. LWC will prepare a Final Preliminary Report for public review. Deliverables • Administrative Draft Preliminary Report(Word, PDF) • Final Preliminary Report(Word, PDF) Task 3. Residential Land Inventory Public meetings addressing residential land inventory topics are identified in Task 6. LWC's assistance in any consultation/coordination with HCD staff to confirm sites selected will meet HCD criteria and be suitable for inclusion in the inventory is addressed in Task 8.2. Task 3.1 Carry-Over Residential Land Inventory In accordance with State law, in collaboration with City staff, LWC will update the City's residential land inventory to identify "known" (existing and potential) housing element sites, expected production of units from those sites, and the remaining estimated RHNA gap to be "solved". LWC will start with the current inventory and work with City staff to verify which sites are still available from the previous Housing Element and determine if there are sites that may have been rezoned or redesignated for housing since last cycle (or are expected to be), but not yet developed. Given the expected magnitude of the RHNA, it is anticipated that additional sites will need to be identified for potential rezoning. LWC will provide an analysis of the "gap" to be addressed through new sites identified, reflecting considerations for density and affordability. Task 3.2 Site Selection Criteria Based on close coordination with City staff and input received during public meetings identified in Task 6, LWC will identify draft criteria to be used to select and rank specific sites for inclusion in the Housing Element, including options/alternatives to be considered with respect to sites selection, such as assumed density ranges, housing types, and geographic diversity. The criteria will reflect HCD's review criteria, along with supplemental criteria to reflect community priorities and goals. LWC will prepare final sites selection criteria based on input from City staff, the Housing Commission, Planning Commission, and City Council. Task 3.3 Site Inventory Identification Utilizing the criteria, LWC will help create a well-structured process to solicit interest from property owners who may be interested in having their sites considered in the inventory. New potential inventory sites must be suitable for residential development, including vacant sites and sites having the potential for redevelopment, consistent with HCD's requirements. LWC will update the City's residential land inventory and include analysis of the availability of infrastructure for sites included in the inventory. As part of this task, LWC will review recent multi-family project applications to determine realistic achievable densities to support the sites analysis. LWC will work closely with City staff to develop the assumptions and methodology for this inventory and produce a parcel-level inventory of sites with near-term residential development potential at appropriate densities. LWC will prepare an assumptions and methodology memo for review with City staff prior to review by the Planning Commission and City Council. After review by the Planning Commission and City Council, 3