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HomeMy WebLinkAboutSS3 - Financial Evaluation and Framework for Future Inclusionary Housing Ordinance (PA2022-045) - CorrespondenceReceived After Agenda Printed March 22, 2022 Item No. SS3 From: Jennifer Ward To: City Clerk"s Office Subject: OCBC Comments on Item SS3 - 3/22/22 Study Session Date: March 21, 2022 4:56:05 PM Attachments: Outlook -cid imacie0.ma [EXTERNAL EMAIL] DO NOT CLICK links or attachments unless you recognize the sender and know the content is safe. The Orange County Business Council appreciates the opportunity to submit comments for the Newport Beach City Council's consideration on Item SS3 of the March 22 Study Session agenda regarding the evaluation of a future inclusionary zoning ordinance. The Business Council is opposed to the adoption of local inclusionary zoning mandates and we strongly encourage the City to instead explore other opportunities to address housing needs in a manner that encourages needed development to occur. The business community hopes to be able to work with the City Council and staff on finding solutions to addressing our housing supply challenges via a different route than mandated inclusionary zoning. Thank you for your consideration of our feedback. Please feel free to contact me with any questions! Jennifer Ward Sr. Vice President of Advocacy and Government Affairs Orange County Business Council 2 Park Plaza, Suite 100 1 Irvine, CA 92614 C: 530.219.1845 10: 949.794.72151 iwardCc�ocbc.org ORANGE COUNTY BUSIN E S S NE5S CQUNCIL miring CSIq C www.ocbc.ora and www.LocationOC.com OCTax.org 0( Orange County Taxpayers Assodation March 22, 2022 The Honorable Kevin Muldoon City of Newport Beach 100 Civic Center Drive Newport Beach, CA 92660 RE: Inclusionary Housing: Financial Evaluation Mayor Muldoon and Council: Received After Agenda Printed March 22, 2022 Item No. SS3 P.O. Box 5881, Orange, CA 92863 California is experiencing a housing crisis that necessitates comprehensive solutions. While we certainly need to consider impactful actions to address this regional issue, the Orange County Taxpayers Association is concerned with your Inclusionary Housing: Financial Evaluation which threatens to place an excessive burden against housing producers. Over the past few years, Newport Beach has demonstrated that it can create affordable homes without resorting to an Inclusionary Housing Policy. This achievement was highlighted by the OC Register's Housing Permit Report Card, which scored Newport Beach as an overall B+ with A's in both Very Low - Income and Low -Income housing production. Apart from undermining the significant value of the city's efforts to date, this policy would allow for excessively dense projects. The recommended 15% Very Low - Income inclusionary requirement for large rental projects is based on all such projects being awarded a 50% density bonus and multiple exemptions from local development/zoning standards, including parking. Adopting an inclusionary housing ordinance at this time, especially one that increases large project density by 50% seems frankly, excessive and could impact the quality of life for the residents of Newport Beach. We urge the City of Newport Beach to defer its consideration of any inclusionary zoning to, at a minimum, be considered in conjunction with new zoning drafted to implement the recently adopted Housing Element and sufficient time has transpired to determine whether the City's tried and true affordable housing approach is no longer sufficient to address the City's RHNA. Sincerely, egj rat. C. Carolyn Cavecche President and CEO Orange County Taxpayers Association OCTax: Fighting to make taxes fair, understandable, cost-effective and good for the economy!