AGENDA FULL PACKET - Laserfiche WebLink

Page 7 of 8 city council may approve alternative methods of compliance with this chapter if the applicant demonstrates that such alternate method meets the purpose of this chapter (as set forth in Section 17.44.020 of this chapter3” In considering the applicant’s proposal, and the wording of Subsection D, the City Council may have an interest in considering the provision of eight (8) for-sale units and payment for the fractional unit, as an “alternative method of compliance” if it finds that the purpose of the IZO would be met. However, given that the requirement for a multi- family projects to provide 15% very low income and/or low income units is not met by Alternative 2, and the project is also not providing other compensating measures, such as payment of additional LIHF for the market-rate units, providing additional deed- restricted units above the minimum required, or other measures to promote additional affordability, it is difficult in staff’s view to support the AHA for Alternative 2 as currently formulated. Nonetheless, as staff recognizes that there may be an interest by the Council in supporting the Alternative 2 project proposal, staff recommends that the Housing Commission: 1. Review and provide recommendation to City Council to review and approve the Affordable Housing Agreement for Alternative 1, the 57-unit project, as proposed and reflected in Attachment 1; and 2. Provide recommendation to City Council to also review and approve the Affordable Housing Agreement for Alternative 2, the 55-unit project, with the stipulation that staff continue to work with the applicant to refine the alternative to better meet the purpose of the IZO and allow for the requisite findings of compliance to be made by the City Council. A copy of the Inclusionary Zoning Ordinance (IZO) is included for reference as Attachment 3. 6th Cycle Housing Element and RHNA Compliance The project site is listed in the 6th Cycle Housing Element sites inventory (listed as APN 941 090706200 in Housing Element Table B-14) with the project to provide 44 moderate income units. Alternative 1 proposes 48 units for above moderate income households and 9 units for lower-income residents. As proposed, the Alternative 1 project exceeds the inventory’s estimates by offering 9 more units for lower-income residents and 48 more units for above moderate income households. Simultaneously, the proposal falls short by 44 units for moderate-income households per the Housing Element projections. For 3Section 17.44.020 states: “The purpose of this chapter is to enhance the public welfare and assure that further housing development attains the city's affordable housing goals by increasing the production of residential units affordable to households of very low, low, and moderate income, and by providing funds for the development of very low, low, and moderate income ownership and/or rental housing. In order to assure that the remaining developable land is utilized in a manner consistent with the city's housing policies and needs, 15 percent of the total number of units of all new multiple-family residential projects containing 15 or more units, constructed within the city as it now exists and as may be altered by annexation, shall be affordable to very low and low income households. For all new single-family residential projects of 15 units or more, at least 20 percent of the project's dwelling units shall be affordable to very low, low, and/or moderate income households. These requirements shall apply to both ownership and rental projects.”