RES 231406 - Laserfiche WebLink

2023-2031 Housing Element City of Pleasanton | 34 Policy 2.3 In conformance with the Inclusionary Zoning Ordinance, require each residential and non-residential development to which the Ordinance applies, to include its pro-rata share of housing needs for lower- and moderate- income households or, if the Ordinance criteria are met, to contribute to the Lower Income Housing Fund or propose alternative methods to facilitate the construction of housing affordable to these groups. It is strongly encouraged that the Inclusionary Zoning Ordinance requirements be met by building housing affordable to lower- and moderate- income households. The City will continue to offer incentives to encourage and facilitate the production of affordable inclusionary units, as a component of the Ordinance. Policy 2.4 Advocate for changes in Federal and State legislation that provides incentives for the development of housing for special needs and housing affordable to extremely low-, very low-, and low-income households, and that increases State and Federal funding to support the production of below-market-rate housing and overcome barriers to housing affordable to very low- and low-income households. Policy 2.5 Seek opportunities and apply when eligible, for Federal, State and regional grants offered for mixed-use development near transit centers, including grant funding to upgrade infrastructure and transportation needed to support new high-density and transit-oriented development, as well as for the construction of affordable housing projects. Policy 2.6 When allocating City funding or resources, or granting incentives and regulatory relief as available to the City, the City will make such decisions with Priority 1 projects deemed to be those for which the greatest consideration should be given for such measures to be applied: Priority 1. Housing developments providing units affordable to extremely low-, very low-, and/or low-income households in perpetuity, at a proportion that is at least 10 percentage points higher than the applicable Inclusionary Zoning Ordinance (IZO) rate (e.g., if the IZO rate is 20 percent, the project provides at least 30 percent inclusionary). Such projects will be eligible for the following incentives to encourage this increased level of affordable housing: o Priority for the Growth Management affordable-housing sub allocation, if applicable o Expedited permit processing o Fee waivers