SR 06:102 - Laserfiche WebLink

Staff was previously informed that the Association of Bay Area Governments (ABAG) was scheduled to issue new RHND target numbers this spring. However, ABAG requested and received approval from HCD to defer the issuance of new RHND numbers for two more years to enable coordination with the 2008 Regional Transportation Plan. In the meantime, ABAG is also working on a revised system for allocating the RHND numbers among the various cities based on a more cooperative process that will involve detailed input from affected localities. As part of this process, staff will encourage ABAG to establish housing numbers that are more consistent with development potential and the economics of the local housing market. Based on current estimates, there are 26,502 units either built or approved in the City. This leaves a total of 2,498 units available under the 29,000 voter approved housing cap to meet the 1,159 units required to meet the City's RHND. While build-out under the current General Plan would result in 27,310 units, the Council is currently focusing on the land use portion of the General Plan that may result in zoning changes enabling units in addition to 27,310 units. As a result, the calculations below are based on the 29,000 cap rather than the current General Plan build-out. As indicated in the above table, there is an unmet RHND of 1,237 moderate-low and very-low income units. This number is in excess of the total RHND need of 1,159 units because the 2,714 above moderate-income units exceeded the RHND target of 2,636 units. As part of the 1,237 units, a total of536 very-low income and 67 low-income units (603 total) need to be constructed to meet the RHND for these categories. This represents approximately 48% of the housing units that need to be developed under the RHND and approximately 24% of the total number of units available under the cap. Meeting this amount requires approval of affordable housing in excess of the 15% to 20% affordable requirement included in the City Inclusionary Zoning Ordinance. Based on financial constraints, attaining the 536 very-low income units will be challenging. Nevertheless, staff has identified several opportunities for the Council's consideration to promote the attainment of the RHND targets. These include: Opportunities for Meeting RHND Requirements . Implementation ofrezonings (based on the sites identified in Table IV-18 of the Housing Element; subject to review by the Council as part of the General Plan update) to assure adequate zoning for additional affordable housing opportunities. . Explore the potential to "buy down" existing market or low-income rental units in an attempt to develop very-low income units (e.g., this has been proposed for The Gardens at Ironwood). . Acquisition and rehabilitation and sale to private owners of existing housing units (e.g., apartments) with implementation of new regulatory agreements for affordability. . Reserve units for the Kottinger Place development effort that is focused on producing additional very-low income units. . Working with potential new multi-family rental developments, such as Stoneridge Mall and Hacienda Business Park, to provide very-low income units in excess of the Inclusionary Zoning Ordinance. SR:06:087 Page 5