PC 06/10/1998 - Laserfiche WebLink

c. PUD-97-12, New Cities Development Grouo '- Application for PUD development plan approval for 62 single-family residential lots on an approximately 34.7-acre site located south of the terminus of Independence Drive in the North Sycamore area. Zoning for the property is PUD (Planned Unit Development) - LDR (Low Density Residential) District. Continued to June 24, 1998. RECESS TAKEN AT 9:25 P.M. RECONVENED AT 9:35 P.M. Commissioner Kumaran suggested that item 8.d. be considered at this time. 8. MATTERS FOR COMMISSION'S REVIEW d. Presentation Regarding Affordable Housing Fees Mr. Steve Bocian presented the proposal to amend the City's Lower-Income Housing Fee, which would result in a fee increase for single-family homes from $2122 to $2756 and from $707 to $919 for multi-family units. No change has been proposed for the Commercial/Office/Industrial (C/O/I) fee which is currently at $.47 per squaze foot. He stated that this proposal resulted from the City's - Affordable Housing Commission concern that the current affordable housing fee would not be adequate to address the City's lower-income housing needs. Mr. Bocian defined affordable housing in general as a means to own or rent a housing unit where mortgage or rental payments do not cost more that 30% of household's monthly income. In Pleasanton, however, affordable housing has come to mean housing that requires some kind of City subsidy. It tazgets households which are at or below the median income -- between $31,500 for the very-low income level and $63,000 for the median level for a family of four. Mr. Bocian stated that the City has been actively trying to work with developers and property owners to develop affordable housing units. It has proposed numerous incentives such as financial contributions from the City, vazious grants and loans, reduced fees and availability of land at below-market cost, federal tax credits and federal grants. He added that the City has been successful at getting affordable housing through the use of its lower-income housing fee fund, which was established in 1990 as a result of aCity-commissioned consultant report and the work of a local task force set up to look at these fees. The fees established at that time included an inflationary factor to allow for fees increases on an annual basis, and since then the fees have been increased accordingly. However, recent analysis has indicated that there is a need to increase the fees above the inflationary factor. Mr. Bocian noted that projects funded from the City's lower-income housing fund include ltidgeview Commons on Case Avenue, The Promenade also on Case Avenue, Rotary Commons on Palomino Drive and Concord Street, Rosewood Apartments in Hacienda Business Pazk, and Stanley Junction Senior Apartments. The City has also begun to fund a CASA home-loan program for lower-income households Planning Commission Minutes Page 15 June 10, 1998