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HomeMy WebLinkAbout14 - 2014-2021 Housing Element Update PowerPointHousing Element Update zoi4 -zozi City Council Review May 14, 2013 POM zM -Mle oil Sets 8 -year plan projected housing of the community to meet the existing and needs of all economic segments Identifies constraints to the development and maintenance of housing Establishes goals, policies, pertaining to housing needs and programs 0 .I../. I Based on 2008 -2014 HE- recently adopted in 2011 and found compliant with state law ■ Updated statistical data and housing analysis ■ Review of goals and programs, and revised as necessary Revised Quantified Objectives for new construction, rehabilitation, and preservation 2 public workshops, PC and AHTF meetings p Housing Needs 27% of households are lower- income ( <8o% AMI) 30% of home owners and 40% of renters experience a housing cost burden Housing Affordability Ownership Rental Senior households had the highest percentage of lower- income households 55% of renter and 30% of owners earned lower incomes it I Prolecte • •■\i[ZZ "no ■ 2014 -2021 Regional Housing Needs Assessment 5 units (reduced due to recession) 1,914 units in previous RHNA • Growing senior population -19% of population • so affordability covenants (376 units) 7 covenants set to expire 153 units at -risk of conversion Busing Programs N . . . ■ •. Maintain most existing programs- have proven effective Most effective has been inclusionary housing policy Only a few changes are identified as necessary Completed programs have been eliminated or revised dousing Program 4ccomnlishments ■ User - friendly Sites Inventory identifying housing opportunity sites ■ Residential Overlay in Airport Area (eliminates constraints to affordable housing) Collected x656,142 in in -lieu housing fees Contributed $140,000 to preservation of 100 extremely low and very low- income units at Seaview Lutheran Apartments Support of special needs populations though CDBG dousing Program 4ccomnlishments 6 senior accessory dwelling units Adopted Density Bonus Ordinance Adopted Inclusionary Housing Ordinance and established a set in -lieu fee F Housing production low due to economy; however, City approved fourAffordable Housing Implementation Plans (AHIPS) 8 4pproved 0 Housing Developments ■ Santa Barbara Condos (79 units) In -Lieu Fee Payment $1.7 million North Newport Center (524 units) 52 Very Low, 79 Low, or 105 Mod off -site rental units Banning Ranch (1375 units) 15% Very Low, Low, or Mod (for -sale and /or rentals) 50% on -site, 50% various options Uptown Newport (922 units + 322 density bonus units) ■ 11% Very Low (102 du) or 2o% Low rental unit (185 du): or ■ 40% Mod For -Sale Wo du) First phase: 2014/2015 ntjginn PronramS ■ Housing Program 1.1.2: Investigate the use of grants or loans to fund rehabilitation program, if a significant need is identified, to encourage preservation of existing housing stock. Housing Program 1.1.4: Promoting the Residential Building Records Program to reduce and prevent residential violations. ■ Housing Program 5.1.7 (new): Promoting senior citizen independence through supporting housing services related to in -home care, meal programs, counseling, and maintenance of the Oasis Senior Center and its programs 30 Revised Housing Programs Housing Program 4.1.1 and 4.1.4: Revised to include promotion of availability of Affordable Housing Fund as a funding source for preservation of at -risk housing. Housing Program 5.1.3: Revised to include promotion and facilitation of the development of senior accessory dwelling units. dh ■ Gather comments and refine draft ■ Submittal of Housing Element to HC May 2013 HCD Review -6o days ,,, I.(ii Planning Commission and City Council Hearings for adoption- August and September 2013 Submittal of Adopted Housing Element to HCD- October 2013 1 For more information contact: Jaime Murillo Melinda Whelan 949 - 644 -3209 949 -644 -3221 jmurilloQa newportbeachca.gov mwhelan@newportbeachca.gov www.newportbeachca.gov www.newportbeachca.gov Busing Affordability Newport Beach Extremely Low $281900 ( <30% MFI) Very Low $48,150 ( <50% MFI) Low (51 -80% MFI) $77,050 Moderate (81 -3.20% MFI) $102,350 $722.50 $86,700 Affordable /Assisted $11203.75 $144,450 Rental Housing Units $1,926.25 $231,150 Affordable /Assisted Rental Housing Units *Limited Market Rate Rentals Opportunities $2,558.75 $307,050 Market Rate Rentals �4