HomeMy WebLinkAbout20 - Inclusionary Housing & In-Lieu Housing Fee - PowerPoint PresentationAmendment to Title 19
Inclusionary Housing Ordinance and
In-Lieu Fees
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Housing Program 2.2.1
Require a proportion of affordable housing in new residential
developments or levy an in -lieu fee. The City's goal over the five -
year planning period is for an average of 15 percent of all new
housing units to be affordable to very low —, low -, and moderate -
income households. The City shall either (a) require the payment of
an in -lieu fee, or (b) require the preparation of an Affordable
Housing Implementation Plan (AHIP) that specifies how the
development will meet the City's affordable housing goal,
depending on the following criteria for project size:
— Projects of 50 or fewer units shall have the option of preparing an AHIP
or paying the in -lieu fee.
— Projects where more than 50 units are proposed shall be required to
prepare an AHIP.
Chapter 19.54 (Indusionary Housing)
• Purpose
— Provide specific requirements for implementation
of HP 2.2.1
— Provides legal basis for in -lieu housing fee
Framework of Chapter 19.54
• Applicability
— For -sale units (not rental units)
— Palmer case
• Affordability Requirement
— 15 percent
— For -sale units: moderate — income
— Rental units: low- income
— Lower percentage available for very -low income
— 30 years minimum duration
Alternatives to On -Site Construction
• To provide flexibility & minimize burden
— Off -Site Construction
— Off -Site Renovation
— Land Dedication
— In -Lieu Housing Fee
Implementation
• Affordable Housing Implementation Plan
— Description of project
— Method of satisfying the affordable housing
requirement
— Provide additional flexibility
• Affordable Housing Agreement
• Affordable Housing Fund