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HomeMy WebLinkAboutItem 7b. Introduce two Ordinances 1) Repeal and Replace Chapter 17.138 (Inclusionary Housing Ordinance) and 2) Amend Title 4 to Add Chapter 4.60 (Commercial Linkage Fee) Item 7b Department: Community Development Cost Center: 4003 For Agenda of: 7/19/2022 Placement: Public Hearing Estimated Time: 90 minutes FROM: Michael Codron, Community Development Director Prepared By: Rachel Cohen, Senior Planner SUBJECT: REPEAL AND REPLACE THE CITY OF SAN LUIS OBISPO’S MUNICIPAL CODE CHAPTER 17.138 (INCLUSIONARY HOUSING REQUIREMENTS) TO UPDATE REGULATIONS FOR CONSISTENCY WITH THE 6TH CYCLE HOUSING ELEMENT, AMEND TITLE 4 OF THE CITY OF SAN LUIS OBISPO MUNICIPAL CODE TO ADD CHAPTER 4.60 TO ESTABLISH A COMMERCIAL LINKAGE FEE, AMEND INCLUSIONARY HOUSING IN-LIEU FEES IN ACCORDANCE WITH CHAPTER 17.138 OF TITLE 17, ESTABLISH THE AMOUNTS OF COMMERCIAL LINKAGE FEES IN ACCORDANCE WITH CHAPTER 4.60 OF TITLE 4 OF THE SAN LUIS OBISPO MUNICIPAL CODE, AND AMEND THE COMPREHENSIVE FEE SCHEDULE RECOMMENDATION Planning Commission recommends the following actions: 1. Introduce a draft Ordinance entitled, “An Ordinance of the City Council of the City of San Luis Obispo, California, approving the repeal and replacement of the City of San Luis Obispo’s Municipal Code Chapter 17.138 (Inclusionary Housing Requirements) to update regulations for consistency with the 6th Cycle Housing Element with an exemption from Environmental Review (CEQA); and 2. Introduce a draft Ordinance entitled, “An Ordinance of the City Council of the City of San Luis Obispo, California, amending Title 4 of the City of San Luis Obispo Municipal Code to add Chapter 4.60 to establish a Commercial Linkage Fee with an exemption from Environmental Review (CEQA)”; and 3. Adopt a Resolution entitled, “A Resolution of the City Council of the City of San Luis Obispo, California, amending Inclusionary Housing In-Lieu Fees in accordance with Chapter 17.138 of Title 17 and establishing the amounts of Commercial Linkage Fees in accordance with Chapter 4.60 of Title 4 of the San Luis Obispo Municipal Code and amending the Comprehensive Fee Schedule”; and 4. Direct staff to develop new incentives for housing developers to ensure the success of Housing Element Programs such as Flexible Density Downtown, Missing Middle Housing, and SB9/Subdivision Regulations Update; and 5. Direct staff to investigate grants and other options for funding of additional affordable housing programs, such as a First-Time Homebuyers Program. Page 587 of 753 Item 7b POLICY CONTEXT The purpose of this item is for the City Council to consider an update of the City’s Inclusionary Housing Ordinance (IHO). The recommendation is in support of the City Council’s policy to increase the amount of affordable housing production in the City. Work to complete this task started in 2019 and benefitted from the public outreach process conducted during the update of the 2020 Housing Element. This project, along with several other important initiatives to increase affordable housing production, are included in Community Development’s work program in support of the 2021-23 Financial Plan Major City Goal for Housing and Homelessness. The City’s Major City Goal states, “The City will prioritize new and ongoing Housing Element policies and programs that focus on facilitating the increased production of affordable and workforce housing, in addition to market rate housing; …” In order to increase the development of additional deed restricted, affordable housing units, the Housing Element update included Program 2.13 – “Update the Inclusionary Housing Ordinance, including Table 2A, based on findings and recommendations in the 2020 Affordable Housing Nexus Study and conduct further feasibility analysis in order to evaluate the City’s ability to provide affordable housing in the proportions shown in the Regional Housing Needs Allocation, per Policy 2.4.” Goal 2 in the 6th Cycle Housing Element is “Affordability: Accommodate affordable housing production that helps meet the City’s Quantified Objectives.” The City’s Quantified Objectives are the number of housing units that will be planned, built, rehabilitated, and preserved during the Housing Element’s planning period. Importantly, Housing Element Policy 2.41 focuses on housing production for all financial strata of the City's population, as allocated in the Regional Housing Needs Allocation (RHNA). Very low-, low-, and moderate-income housing units account for 58% (1,948 units) of the City’s total RHNA. The best way to provide for these units is through an effective Inclusionary Housing Ordinance that includes deed-restricted affordable housing within new housing developments. The IHO also provides for a funding stream that enables the City’s non- profit partners to construct a variety of affordable housing types that the market does not produce on its own. The update of the Inclusionary Housing Ordinance, together with ongoing implementation of the Major City Goal work plan listed in the following table, are designed to work in concert to accomplish the vision for housing in our community, as expressed in the City’s General Plan. 1 Encourage housing production for all financial strata of the City's population, as allocated in the Regional Housing Needs Allocation, for the 6th cycle planning period. The number of units per income category are: extremely low and very low income, 825 units; low income, 520 units; moderate income, 604 units; and above moderate income, 1,405 units. Page 588 of 753 Item 7b Table 1: 2019-2023 Major City Goal Work Plan REPORT-IN-BRIEF HE Program No. Housing Work Program Implementation Status 6.22 Objective Design Standards Update the City’s municipal code to expand objective design standards within one year of the adoption of the Housing Element Update. Completed 2.17 Objective Design Standards Allowance of developments that include at least 20% low income affordable units by-right. Completed 2.18 Objective Design Standards Utilize objective design standards to allow residential uses by-right for developments that include at least 20% low income units Completed 5.5 Zoning Code Update Update the Zoning Regulations to allow mixed-use development within Service Commercial (C-S) and Manufacturing (M) zones Completed 6.23 Zoning Code Update Update the development review process and expand the thresholds of each review level (minor, moderate, and major) to eliminate or reduce the number of public hearing required for housing projects within one year of adopting the Housing Element. Completed 2.13 IHO Update Update the Inclusionary Housing Ordinance, including Table 2A, based on findings and recommendations in the 2020 Affordable Housing Nexus Study and conduct further feasibility analysis in order to evaluate the City’s ability to provide affordable housing in the proportions shown in the Regional Housing Needs Allocation, per Policy 2.4. In Process. 4.6 IHO Update Amend the City’s Inclusionary Housing Ordinance to require that affordable units in a development be of similar size, number of bedrooms, character and basic quality as the non-restricted units in locations that avoid segregation of such units, including equivalent ways to satisfy the requirement. Also evaluate adjusting the City’s allowable sales prices for deed-restricted affordable units per a variety of unit types. In Process. 2.15 Flexible Density Update of the Zoning Regulations and Community Design Guidelines to incorporate flexible density development options in Downtown Core and portions of Upper Monterey and Mid-Higuera Special Focus Areas. In Process. Anticipated to be completed by June 2023. Page 589 of 753 Item 7b The City Council has tasked the Community Development Department with updating the Inclusionary Housing Ordinance (IHO) as part of the 2021-23 Major City Goal work program to increase the production of affordable housing. The IHO requires a specified percentage of deed restricted, moderate- and lower-income housing units to be provided in new residential developments and establishes a commercial linkage fee so that commercial development can contribute to addressing the related housing demand. The City is required to accommodate 3,354 residential units as a part of its 6 th Cycle Regional Housing Needs Allocation (RHNA). By 2021, the City met 100 percent of its total allocation for “Above Moderate” housing units (1,411 units), but only has met 11 percent (208 units) of the total number of needed affordable units. The housing market is not producing housing that is affordable to moderate- and lower-income households, and as a result, the City’s IHO is being updated to increase affordable housing in the community to help achieve quantified objectives related to affordable housing. In 2019 the City hired consultant David Paul Rosen and Associates (DRA) to complete an Affordable Housing Nexus Study. The Study confirmed that both market-rate residential and commercial development are inducing demand for affordable housing that is not being met by the current housing market. Information from the Nexus Study was utilized to develop Program 2.132 in the City’s 6th Cycle Housing Element (adopted on November 17, 2020). After the Nexus Study was completed and presented to the City Council, Economic & Planning Systems, Inc. (EPS) conducted a Feasibility Analysis in 2021 of the City’s proposed affordable housing requirements and in-lieu fees and commercial linkage fees. EPS provided a preliminary recommendation that was presented to City Council on March 1, 2022 (details of the Nexus Study and Feasibility Analysis recommendations are provided in Attachment G). Council provided the following comments: 1. Supported the removal of Table 2A (Inclusionary Housing Adjustment Factors). 2. Agreed that inclusionary housing requirements be based on project type, rather than zoning or location. 2 Update the Inclusionary Housing Ordinance, including Table 2A, based on findings and recommendations in the 2020 Affordable Housing Nexus Study and conduct further feasibility analysis in order to evaluate the City’s ability to provide affordable housing in the proportions shown in the Regional Housing Needs Allocation, per Policy 2.4 6.20 Subdivision Update Evaluate and update the Subdivision Regulations, within three years of Housing Element adoption, to support small lot subdivisions, ownership bungalow court development and other alternatives to conventional subdivision design. In Process. Anticipated to be completed by June 2023. 5.4 Missing Middle Housing Evaluate and implement “missing middle” housing types (e.g. duplex, triplex, quadplex, cottages, etc.) to increase housing options in the City within three years of adopting the Housing Element. In Process. Page 590 of 753 Item 7b 3. Supported an increased Commercial Linkage fee. 4. Agreed with the list of duties of a BMR Administrator, and provided further guidance to work with the BMR Administrator to establish the following: a. Local preference for San Luis Obispo residents or employees, or others who often commute to the city; and b. Long term affordability (maintaining deed-restricted units as long as possible). 5. Directed staff to continue outreach with various stakeholders and the community. Staff released a draft of the proposed amendments to the IHO for public review on May 11, 2022 on the City’s Inclusionary Housing Ordinance Update website. The public was invited to provide comments on Open City Hall, through e-mail, or by telephone. Presentations were made to the SLO Chamber of Commerce, Economic Development Committee, and members of the Developer’s Roundtable. On June 8, 2022, the Planning Commission (PC) reviewed the draft IHO and unanimously recommended the City Council adopt amendments to the IHO (see Table 2 for a summary of the amendments). Table 2: Summary Key Requirements of the Inclusionary Housing Ordinance Proposed Amendments Where the IHO applies Citywide Table 2A Adjustments Remove (requirement no longer adjustable) Shared Equity Purchase Program Available for residential development projects that include affordable housing units for sale in excess of the inclusionary housing requirement for the project. Residential* For Sale 10% (5% low-income units and 5% moderate income) For Sale In-lieu Fee** $25 per square foot For Rent 6% (3% very low-income and 3% low-income) For Rent In-lieu Fee** $20 per square foot Commercial*** Commercial Development Office, service, hotel, and retail uses: $6 per square foot Industrial and Institutional Uses: $5 per square foot *IHO would be applied to all market rate residential units. **Residential projects of 10 units or less would have the ability to pay a fraction of the in-lieu fee or provide one Moderate income unit to meet their inclusionary requirement. *** All commercial square footage would be required to pay the Commercial Linkage fee. Projects that contain less than 2,500 square feet of new gross floor area of commercial space would no longer be exempt. Based on public comment, the PC made a separate motion recommending the City Council give direction to staff to work on identifying exemptions to IHO requirements for key Housing Element programs, such as Missing Middle and Flexible Density, as they are brought forward for consideration. These are projects that are expected to enable the production of a wide variety of housing types downtown and in that may be affordable to Workforce Income and other above-moderate income households. Appropriate Page 591 of 753 Item 7b adjustments to the IHO could help ensure the success of these creative, new housing programs. In addition, public feedback indicates a strong desire to pursue other revenue streams that could create even more affordable housing, including a down-payment assistance program. Staff recommends that the City Council provide direction to staff to investigate a variety of Federal, state, and local grant opportunities and other options for creating revenue to support expanded affordable housing programs. If existing revenues are explored (i.e. general fund), then expenditure offsets will need to be identified for corresponding reductions. DEFINITIONS AND TERMS USED IN THIS REPORT Affordable Housing - Housing which can be purchased or rented by a household with very low- , low-, or moderate- income, as described in the City’s affordable housing standards. By law, the upper income limit for “extremely-low income” households is 30 percent of the area median income; the upper income limit for "very-low income" households is 50 percent of the area median income; the upper limit for "lower income" households is 80 percent of the area median income; and the upper limit for "moderate-income" households is 120 percent of the area median income. Regional Housing Needs Allocation (RHNA) – The City’s projected housing need during the Housing Element planning period is determined through the Regional Housing Needs Allocation (RHNA) process, which is based on projected Statewide growth in households as determined by the California Department of Housing and Community Development (HCD). HCD distributes the Statewide projected housing need among the regions in the State, where each regional council of government allocates the projected regional growth to local jurisdictions within the region. The total housing need for each jurisdiction is distributed among income categories, requiring each jurisdiction to plan to meet the need for housing for households at all income levels. Nexus Study – An established methodology to determine the nexus between market-rate residential development and nonresidential development and the need for affordable housing in the City. The study identifies the maximum nexus-based affordable housing impact fees and commercial linkage fees needed to cover the affordability gap. Feasibility Analysis – An evaluation of the maximum nexus-based affordable housing impact fees and commercial linkage fees calculated to determine the financially feasible level of impact fees and linkage fees that can be absorbed by new development. Inclusionary housing unit - A dwelling unit required under the provisions of Chapter 17.138 of the Municipal Code, and which is priced to be affordable to households that qualify as moderate, low, very-low or extremely-low income under the City’s Affordable Housing Standards. Market rate - The highest price a willing buyer would pay and a willing seller would accept, both being fully informed and in an open market, as determined by an appraiser. Workforce Income Household - A household with an income that exceeds 121% but does not exceed 160% of the area median income (AMI). Missing Middle Housing – Describes a range of multi-family housing types that are house-scale and architecturally compatible within existing neighborhoods. DISCUSSION Background on the Local Zoning Ordinance – the Inclusionary Housing Ordinance The City’s first Inclusionary Housing Ordinance (IHO) was adopted in 1999. The purpose of an IHO is to require new housing development projects to include a specified Page 592 of 753 Item 7b percentage of deed restricted, moderate- and lower-income3 housing units (otherwise referred to as affordable housing in this report) in new residential developments or pay a fee. More than 1,200 deed-restricted or otherwise secured affordable dwellings have been planned for, entitled, or built since the City’s adoption of its IHO in 1999. The City has granted, loaned, or committed over $10,750,000 of affordable housing in-lieu funds to assist with the development of over 500 of these deed-restricted affordable housing units during this same time period The Need for More Affordable (Moderate and Lower Income) Housing The City’s Housing Element includes a Regional Housing Needs Allocation (RHNA), set by the State, that the City must work towards achieving. For the 5 th Cycle RHNA (2014- 2019), the City saw 1,272 housing units permitted. 1,052 of the units (over 200 percent of the RHNA number) were above moderate and the City only met 33 percent of the allocated affordable housing units (see Table 3 below) required by the State. Table 3: Progress Towards 5th Cycle Quantified Objectives (1/1/14 to 6/30/19) Income Level (% of County Median Income) 5th Cycle RHNA Allocation Building Permitted Units Issued by Affordability Total Units by Income Level Total Units Remaining by Income Level Year 1 (2014) Year 2 (2015) Year 3 (2016) Year 4 (2017) Year 5 (2018) Year 6a (01/01/19 - 06/30/19) Extremely Low & Very Low 285 35 1 19 41 70 0 166 119 Low 179 16 1 1 9 4 4 35 144 Moderate 202 8 2 3 0 0 6 19 183 Above Moderate 478 146 168 111 164 212 251 1,052 -574 Total Units 1,144 205 172 134 214 286 261 1,272 Total Remaining for RHNA Period: 446 Source: Community Development Department, 2019 In 2019, the City received its RHNA as a part of the 6th Cycle Housing Element update (see Table 4). Quickly, by 2021, the City had already met its total allocation for “Above Moderate” housing units. Unfortunately, the City’s housing market is producing housing that is not affordable to moderate- and lower-income households. Within the same time period, the City has only permitted 10.7 percent of the needed affordable housing units and the proposed IHO update is intended to improve this outcome. With the exception of ADUs (Accessory Dwelling Units)4, the City can only meet affordable housing targets through its requirement that a percentage of all new housing units be 3 These Standards are updated annually by the Community Development Department and remain in effect per each corresponding fiscal year (July 1 - June 30). The Standards show income limits for the City and County of San Luis Obispo, as published by the State Department of Housing and Community Development (HCD). https://www.slocity.org/government/department-directory/community-development/affordable- housing/affordable-housing-standards/-fsiteid-1 4 Section 65583.1 of State housing element law allows local governments to identify realistic capacity for ADUs in addressing a locality’s share of the regional housing need. The identification of realistic capacity Page 593 of 753 Item 7b deed-restricted for affordability. The IHO is supported by nexus and feasibility analyses and is a best practice to ensure that affordable housing units are constructed within, or concurrent with “Above Moderate” income category housing units. Ultimately, inclusionary housing policies will ensure that new City neighborhoods are inclusive of the full range of household incomes represented in the City’s workforce. Table 4: Progress Towards 6th Cycle Quantified Objectives, 2019-2028 Income Level (% of County Median Income) 6th Cycle RHNA Allocation Building Permitted Units Issued by Affordability Total Units by Income Level Total Units Remaining by Income Level Year 1 (2019) Year 2 (2020) Year 3 (2021) Years 4 – 10 (2022 - 2028) Extremely Low & Very Low Deed Restricted 825 0 14 35 - 49 776 Non-Deed Restricted 0 0 0 - 0 Low Deed Restricted 520 6 0 56 - 62 382 Non-Deed Restricted 0 30 46 - 76 Moderate Deed Restricted 603 8 5 8 - 21 582 Non-Deed Restricted 0 0 0 - 0 Above Moderate 1,406 523 416 472 - 1,411 0 Total Units 3,354 537 465 617 - 1,619 Total Remaining for RHNA Period: 1,735 Source: Community Development Department, Building Permits Issued, 2021 Previous Council or Advisory Body Action April 21, 2020: City Council received the Affordable Housing Nexus Study that determined that both residential and commercial development are inducing demand for affordable housing that is not being met by the housing market. The Nexus Study included the maximum justifiable nexus fees the City could implement to meet the affordable housing demand incurred by current development. However, the Study recommended that the City adopt fees less than the maximums because fees at these high levels would affect the financial feasibility of development as well as the competitiveness of development in the City. should be based on the development trends of ADUs in the previous housing element planning period and other relevant factors. The County of San Luis Obispo conducted a market study for ADUs, including information from the City of San Luis Obispo, and found that approximately 50 percent of the ADU s constructed meet low-income housing rental costs. Page 594 of 753 Item 7b The Study’s findings verify that there is a nexus that justifies the City having an Inclusionary Housing Ordinance that applies to both residential and commercial development (4.21.20 Council Report and Meeting Minutes). March 1, 2022: City Council conducted a Study Session for the purposes of providing background information and analysis of the City’s current affordable housing requirements, a preliminary recommendation5 on updates to the City’s Inclusionary Housing Ordinance, a commercial linkage fee recommendation, and an overview of progress of onboarding the City’s Below Market Rate (BMR) Housing Administrator (3.1.22 Council Report and Meeting Minutes). Council provided the following comments and direction to staff: 1. Supported the removal of Table 2A (Inclusionary Housing Adjustment Factors). 2. Agreed that inclusionary housing requirements be based on project type, rather than zoning or location. 3. Supported an increased Commercial Linkage fee. 4. Agreed with the list of duties of a BMR Administrator, and provided further guidance to work with the BMR Administrator to establish the following: a. Local preference for San Luis Obispo residents or employees, or others who often commute to the city; and b. Long term affordability (maintaining deed-restricted units as long as possible). 5. Directed staff to continue outreach with various stakeholders and the community. The recommendations in this report directly respond to the March 1, 2022 direction. June 8, 2022: The Planning Commission (PC) reviewed the draft IHO and unanimously recommended the City Council adopt the ordinance with staff’s proposed modifications. The modifications included the elimination of the exemption of residential projects of less than five units. The draft Ordinance (Attachment A) includes the recommended modifications. There was public comment during the public hearing concerning potential impacts the recommended draft IHO may have on the development of smaller, compact market-rate development. One specific concern was that requirements of the IHO for affordable housing may burden small infill housing projects that would otherwise support missing middle housing. In order to provide opportunities to address this concern, the PC also made a motion recommending the City Council give direction to staff to work on identifying exemptions to Inclusionary Housing requirements for key Housing Element programs, such as the pending Missing Middle and Flexible Density programs, when they are brought forward for consideration. (6.8.22 PC Report and Meeting Minutes). 5 The preliminary recommendations provided as a part of the Study Session were derived from a Feasibility Analysis completed in 2022 that tested the feasibility of a range of inclusionary requirements and affordable housing fee levels and compared those costs to the revenues that could be generated given the various mixes of market-rate and affordable housing and/or fee levels. Based on this analysis, the preliminary recommendation included several revisions to the City’s existing affordable housing inclusionary program for new residential and mixed-use development and introduced a nexus-based commercial linkage fee for non-residential uses. Page 595 of 753 Item 7b Public Input on the Elimination of Table 2A and Staff Response Preceding the PC hearing on June 8, 2022, staff received public comment as agenda correspondence on the draft IHO, including a letter from the SLO Chamber of Commerce. Staff provided a response to key issue areas raised by the Chamber in PC agenda correspondence. The key issue discussed in the letter and reiterated during public comment at the PC meeting was the elimination of Table 2A. The Chamber’s letter states, “We recognize that 2A needs to be updated, however, the risks of eliminating it all together are too great. The demand for larger, more expensive housing is significant and without incentives like Table 2A, missing middle housing will be even less likely to be produced.” As previously stated, the purpose of the IHO update is to produce more affordable housing. Table 2A was established as an amendment to the original IHO to encourage the development of projects with higher density and smaller unit sizes, which would be considered affordable-by-design within the City. The intent was that these smaller units would sell or be rented to households that meet moderate- or lower-income standards. This concept has not produced affordable housing in practice. The Feasibility Analysis found that the development that meets the size and density criteria established by Table 2A is still not affordable at any income level other than above moderate, which the City is already over-producing. Some examples of new, smaller units for rent and for sale are provided below:  Vintage (an apartment complex in the Orcutt Area Specific Plan), a studio unit (500 square feet) rents for $2,385 per month, where the maximum allowed rent for a moderate-income studio unit is $1,426, which is based on a household income threshold of 80–120% of the Average Median Income (AMI).  Harvest Lofts, at San Luis Ranch, where (according to their website) a one- bedroom 436 square foot unit is for sale starting at $404,900; low-income threshold for purchase is $187,800 and $328,650 at the modera te-income threshold.  Heirloom, at San Luis Ranch, provides a three-bedroom, 1,564 square foot unit, for sale, starting at $786,385; low-income threshold for purchase is $244,200 for a three-bedroom and $427,175 at the moderate-income threshold. Table 5 below provides a snapshot of recent projects that have utilized Table 2A and shows how many affordable, deed-restricted units were lost. Unfortunately, if the results are smaller homes on smaller lots, those homes are still not affordable to households earning 120% or less of Area Median Income (AMI). As a result, the elimination of Table 2A is recommended to increase the production of affordable housing while the City works to implement a variety of other programs that are targeted to provide housing for households earning above 120% of AMI. Page 596 of 753 Item 7b Table 5: Recent projects that have utilized Table 2A Year Approved Project Name Number of Units Number of Affordable Units Income Level Number of Units w/out Table 2A 2019 Terraza 28 1 Moderate 2 2021 Bullock Ranch* 192 7 2 Low, 5 Mod 29 2017 West Creek (Vintage & Noveno)* 172 10 Moderate 26 2018 The Connect 78 1 Moderate 4 2020 Laurel Creek 100 1 Moderate 5 2016 The Yard 43 1 Moderate 3 2005 Avivo 161 2 Moderate 9 2018 Twin Creeks 94 3 2 Low, 1 Mod 5 2020 Orcutt Road Apartments 10 1 Moderate 1 Total 878 27 84 * Projects located within Expansion Areas have an Inclusionary Housing Requirement of 15% Additional Tools that Accomplish the City’s Housing Objectives The evolution of density bonus law (DBL) in recent years provides developers with an opportunity to provide more affordable housing in exchange for relaxed development requirements.6 In addition, the City can grant an additional density bonus as a further incentive to help projects with affordable housing to pencil out. A developer who meets the requirements of the state law is entitled to receive density bonuses and other benefits as a matter of right. In the case of a project that is at least 20% low income, the project would be automatically entitled to move forward with building permits. Most importantly, projects that qualify for DBL are not subject to IHO requirements . Developers also benefit from waivers or concessions that allow the City to grant deviations from development standards such as reduced setbacks, increased height, or reduced parking. These relaxed standards along with density bonuses allow more market rate units on the site than the zone would otherwise allow, which makes development o f affordable housing more economically feasible. 6 The Density Bonus Law (found in California Government Code Sections 65915 – 65918) provides developers with tools to encourage the development of affordable and senior housing, including up to a 50% increase in project densities for most projects, depending on the amount of affordable housing provided, and an 80% increase in density for projects which are completely affordable. The City’s regulations contained in Chapter 17.140 of the Municipal Code exceed state standards. Page 597 of 753 Item 7b In addition to density bonuses, the City supports several other tools to increase production of a variety of housing types including:  Streamlined development review process for housing projects.  Objective Design Standards that allow eligible residential projects to be reviewed through a ministerial process.  Mixed-use development allowed by right in all Service-Commercial and Manufacturing zones. Existing tools that incentivize smaller infill development include:  As proposed, the IHO in-lieu fee is based on square footage- smaller units will have lower fees;  Density bonus provisions in Chapter 17.140 of the Municipal Code (higher density development with the inclusion of affordable units);  Ministerial review and reduced fees for ADUs and JADUs;  Tiered fee structure that provides substantial reductions in cost for smaller residential units for water, sewer and transportation impact fees;  Fractional density allowances based on unit size and number of bedrooms;  Minimum density allowances based on Zoning designations; and  Implementation of SB 9 (California H.O.M.E Act). Creative New Market-Rate Housing Options in the Works Currently, the City is seeing the most significant production upswing in market-rate housing in the past twenty years. The vast majority of planned housing production in the City (in the Orcutt Area, Margarita Area, Avila Ranch, San Luis Ranch and Froom Ranch) will not be impacted by the proposed changes to the IHO. This includes over 3,000 units of newly entitled housing. This new housing is serving the community well. New homes in Avila Ranch or San Luis Ranch, for example, prioritize sales to current SLO residents and employees, and these homes are selling. Future projects are in the works to ensure that the City continues to provide a diverse set of housing opportunities for residents. The City’s Downtown Flexible Density program will remove density limits for downtown housing units of 600 square feet or less. The Missing Middle Housing Program will enable duplex, tri-plex, bungalow court, and other house- scale, multi-family housing projects to be developed in qualifying R-1 locations throughout the City. Together, these projects would have the capacity to enable production of over 1,000 units of market-rate housing to serve the workforce and a variety of other local housing needs. As part of the Planning Commission and staff recommendation, the Council is being asked to direct staff to consider appropriate exemptions or adjustments from the IHO when these programs move forward for consideration. In addition, public feedback to staff and the Planning Commission indicates a strong interest in the City pursuing other revenue streams that could create even more affordable housing, including through a down-payment assistance program. Page 598 of 753 Item 7b Staff is also recommending that the City Council provide direction to staff to investigate a variety of Federal, state, and local grant opportunities and other options for creating revenue to support expanded affordable housing programs. Public Engagement Public outreach regarding the Inclusionary Housing Ordinance began in 2020 with the presentation to City Council on April 21st about the completed Nexus Study. On June 2, 2020, staff submitted a Memo to the Planning Commission about the Nexus Study. The Nexus Study was used to inform new programs within the 6th Cycle Housing Element Update. As a part of the Housing Element update, staff facilitated eight presentations, meetings, online surveys, and a public workshop (details of the public outreach are provided in Appendix G of the 6th Cycle Housing Element). Participants of the community workshop and the online survey were invited to answer the following questions: “What type of housing is needed most in our community?” and “What housing issues exist in the community?” Approximately 100 individuals participated in the in-person workshop and online survey and identified affordable housing as the type of housing needed most and the biggest housing issue of the community. Figure 1: A word cloud created from the comments received from the 6 th Cycle Housing Element workshop and online survey participants. Page 599 of 753 Item 7b With the completion of the Feasibility Analysis in January 2021, staff presented the preliminary IHO recommendation to Council on March 1st as part of a Study Session. On March 2, 2022, staff presented the to the Chamber of Commerce. On May 11, 2022, City staff released the draft IHO amendments for public review. The proposed amendments were made available to the public through the City’s Website with opportunities for public feedback via email, phone, mail and Open City Hall. In May 2022 staff presented the draft IHO to the Chamber of Commerce and the members of the Developer’s Roundtable. Staff has continued to engage with interested individuals and the Chamber of Commerce (which created a Task Force to work directly with staff on this topic). Public notice of this hearing has been published in a widely circulated local newspaper, and hearing agendas for this meeting have been posted at City Hall, consistent with adopted notification procedures. Email notices have been provided for each public meeting to those on the interested parties list. CONCURRENCE Staff from the Housing and Homelessness Division of Community Development concur with the proposed changes to the Inclusionary Housing Ordinance. ENVIRONMENTAL REVIEW The proposed amendments to the Municipal Code Title have been assessed in accordance with the authority and criteria contained in the California Environmental Quality Act (CEQA), the state CEQA Guidelines, and the environmental regulations of the City. Specifically, the proposed amendments have been determined to be exempt from further environmental review pursuant to CEQA Guidelines Section 15061(b)(3), the “Common Sense” exemption, because the proposed actions will have no possibility of a significant effect on the environment and will not cause impacts as all projects subject to the Inclusionary Housing Ordinance will be required to comply with all relevant City standards, codes, and regulations, including environmental review. FISCAL IMPACT Budgeted: Yes Budget Year: 2022-23 Funding Identified: Yes Page 600 of 753 Item 7b Fiscal Analysis: Funding Sources Total Budget Available Current Funding Request Remaining Balance Annual Ongoing Cost General Fund $N/A $ $ $ State Federal Fees Other: Total $ $ $ $ The implementation of Housing Element Programs was adopted as a part of the 2021 - 2023 Financial Plan. Funding was provided as a part of the Community Development Department budget appropriation for staff resources to implement Housing Element programs such as Program 2.13. The City’s applicable fee schedule will be updated according to City Council action and incorporate the fees as approved. ALTERNATIVES 1. The City Council could direct staff to conduct further outreach and return with a revised IHO and recommendation. This alternative is not recommended because the Community Development Department work program includes a significant number of additional projects that should be completed before June 30, 2023. Further work on the IHO would forestall these efforts. Therefore, staff is hopeful that changes to the recommendation directed by the City Council can be incorporated into an action during the public hearing. 2. The City Council could change the percentage of affordable housing required by the IHO and/or the amount of in-lieu fees. The affordable housing requirements and in-lieu fee amounts contained in the IHO are based on a detailed analysis prepared by the City’s consultant, EPS. There is alignment between the affordable housing percentage requirement contained in the proposed IHO update and the corresponding in-lieu fees. Reducing these requirements is not recommended, however, the City Council’s decision is a pure policy choice, and the Council has plenary authority to make revisions as long as they comply with applicable state and Federal housing law. If the Council majority decides that a reduced affordable housing requirement best balances all policy considerations, then staff would recommend reducing the for-sale percentage requirement from 10% to 8% (3% low and 5% moderate). In addition, this change should be made together with a reduction in the in-lieu fee amount from $25 per square foot, to $20 per square foot to maintain consistency with the feasibility analysis. Page 601 of 753 Item 7b ATTACHMENTS A - Draft Ordinance repealing and replacing the City of San Luis Obispo Municipal Code Chapter 17.138 (Inclusionary Housing Requirements) B - Draft Ordinance amending Title 4 of the City of San Luis Obispo Municipal Code to establish a commercial linkage fee C - Draft Resolution for Inclusionary In-lieu and Commercial Linkage Fees D - Legislative Draft of the Inclusionary Housing Ordinance E - PC Resolution No. PC-1061-2022 recommending Council repeal and replace IHO and review In-lieu Fees and Commercial Linkage Fees F - Effect of CCCI Increase and Implications for the Inclusionary Housing Ordinance Update G - Affordable Housing Analysis and Recommendations Page 602 of 753 O ______ ORDINANCE NO. _____ (2022 SERIES) AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, APPROVING THE REPEAL AND REPLACEMENT OF THE CITY OF SAN LUIS OBISPO’S MUNICIPAL CODE CHAPTER 17.138 (INCLUSIONARY HOUSING REQUIREMENTS) TO UPDATE REGULATIONS FOR CONSISTENCY WITH THE 6TH CYCLE HOUSING ELEMENT WITH AN EXEMPTION FROM ENVIRONMENTAL REVIEW (CEQA) WHEREAS, on January 5,1999, The City adopted its first Inclusionary Housing Ordinance contained in Ordinance No. 1346; and WHEREAS, on June 13, 2007, and update was made to the Inclusionary Housing Ordinance regarding resident selection process for inclusionary housing contained in Ordinance No. 1508; and WHEREAS, a Nexus Study was reviewed by Council on April 21,2020 to determine the feasibility of increasing the required amount of affordable housing in housing projects and implementing that into the City’s Inclusionary Housing Ordinance; and WHEREAS, the City Council of the City of San Luis Obispo conducted a web- based public hearing via teleconference on November 17, 2020, for the purpose of final adoption of the sixth cycle update to the General Plan Housing Element that included Program 2.13 that states, “Update the Inclusionary Housing Ordinance, including Table 2A, based on findings and recommendations in the 2020 Affordable Housing Nexus Study and conduct further feasibility analysis in order to evaluate the City’s ability to provide affordable housing in the proportions shown in the Regional Housing Needs Allocation, per Policy 2.4”; and WHEREAS, in April 2021, the City hired Economic & Planning Systems, Inc. (EPS) to conduct a feasibility analysis based on the findings and recommendations included in the Nexus Study and current market information and provide preliminary recommendations for updates to the City’s existing Inclusionary Housing Ordinance; and WHEREAS, the State of California Office of Housing and Community Development, on September 3, 2021, certified the City of San Luis Obispo’s 6 th Cycle General Plan Housing Element as in full compliance with State Law; and WHEREAS, a Study Session was held by City Council on March 1, 2022, to review the preliminary recommendations of the feasibility analysis; and WHEREAS, on May 11, 2022, the City published a draft of the proposed amendments to Municipal Code Chapter 17.138 for public review; and Page 603 of 753 Ordinance No. ______ (Series 2022) Page 2 O _____ WHEREAS, the Planning Commission of the City of San Luis Obispo conducted a public hearing in the Council Chamber of City Hall, 990 Palm Street, San Luis Obispo, California on June 8, 2022, for the purpose of recommending amendments to implement programs of the 6th Cycle Housing Element by updating the Inclusionary Housing Ordinance; and WHEREAS, the City Council of the City of San Luis Obispo conducted a public hearing in the Council Chamber of City Hall, 990 Palm Street, San Luis Obispo, California on July 19, 2022, for the purpose of introducing an ordinance to repeal and replace Chapter 17.138 (Inclusionary Housing Requirements); and WHEREAS, notices of said public hearing were made at the time and in the manner required by law. WHEREAS, the City Council has duly considered all evidence, including the testimony of the applicant, interested parties, and the evaluation and recommendations by staff, presented at said hearing. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of San Luis Obispo as follows: SECTION 1. Findings. Based upon all the evidence, the City Council makes the following findings: 1. The proposed amendments to Title 17 of the Municipal Code are consistent with the 6th Cycle Housing Element Program 2.13 which states, “Update the Inclusionary Housing Ordinance, including Table 2A, based on findings and recommendations in the 2020 Affordable Housing Nexus Study and conduct further feasibility analysis in order to evaluate the City’s ability to provide affordable housing in the proportions shown in the Regional Housing Needs Allocation, per Policy 2.4.” 2. The proposed amendments to Title 17 of the Municipal Code are consistent with the 6th Cycle Housing Element Program 4.6 which states, “Amend the City’s Inclusionary Housing Ordinance to require that affordable units in a development be of similar size, number of bedrooms, character and basic quality as the non-restricted units in locations that avoid segregation of such units, including equivalent ways to satisfy the requirement. Also evaluate adjusting the City’s allowable sales prices for deed-restricted affordable units per a variety of unit types.” 3. The repeal and replacement of Chapter 17.138 of the Municipal Code for qualifying development projects will not alter the character of the City or cause health safety or welfare concerns because the amendment is consistent with the General Plan and directly implements City goals and policies. Page 604 of 753 Ordinance No. ______ (Series 2022) Page 3 O _____ SECTION 2. Environmental Determination. The proposed amendments to the Municipal Code Title have been assessed in accordance with the authority and criteria contained in the California Environmental Quality Act (CEQA), the state CEQA Guidelines, and the environmental regulations of the City. Specifically, the proposed amendments have been determined to be exempt from further environmental review pursuant to CEQA Guidelines Section 15061(b)(3), the “Common Sense” exemption, because the proposed actions will have no possibility of a significant effect on the environment and will not cause impacts. In this case, the proposed repeal and replacement of the Inclusionary Housing Ordinance is consistent with State Law and the City’s 6th Cycle Housing Element and will not have an significant effect and project specific environmental review will be required. SECTION 3. Action. The City Council hereby repeals and replaces, in its entirety, Chapter 17.138, entitled “Inclusionary Housing Requirements”, of the San Luis Obispo Municipal Code as set forth and incorporated herein. Chapter 17.138: Inclusionary Housing Requirements Sections: 17.138.010 – Purpose 17.138.020 – Applicability and Exclusions 17.138.030 – Definitions 17.138.040 – Inclusionary Housing Requirements 17.138.050 – Standards for Inclusionary Units 17.138.060 – In-Lieu Housing Fee 17.138.070 – Inclusionary Housing Proposal 17.138.080 – Procedures 17.138.090 – Eligibility Requirements 17.138.100 – Shared Equity Purchase Program 17.138.110 – Administration, Management, and Monitoring 17.138.120 – Enforcement 17.138.010 – Purpose The purpose and intent of this Chapter are: 1) to promote the public welfare by increasing the production and availability of affordable housing units; 2) to establish an inclusionary housing requirement which implements General Plan policies guiding land use and housing development; and 3) to ensure that affordable housing units established pursuant to the provisions of this Chapter are located in a manner that provides for their integration with market rate units. 17.138.020 – Applicability and Exclusions A. This Chapter shall apply to all residential development projects. Residential projects that have been deemed complete in the planning entitlement process or have submitted a complete building permit application the time the replacement ordinance goes into effect, are subject to the prior Inclusionary Housing Ordinance. Page 605 of 753 Ordinance No. ______ (Series 2022) Page 4 O _____ The following types of residential projects are exempt: 1. Residential additions, repairs, or remodels, provided that such work does not increase the number of existing dwellings; 2. The addition or inclusion of Accessory Dwelling Units associated with an existing or proposed residential or mixed-use development; 3. Affordable housing projects in which 100 percent of the dwellings to be built will be sold or rented in conformance with the City’s Affordable Housing Standards (excluding any on-site manager unit); 4. Housing projects that include a density bonus. 5. Emergency projects or projects which the Council determines are necessary to protect public health and safety; 6. Development projects which the Director determines are essentially noncommercial or nonresidential in nature, which provide educational, social, or related services to the community and which are proposed by public agencies, nonprofit agencies, foundations, and other similar organizations; 7. Projects which replace or restore a structure damaged or destroyed by fire, flood, earthquake, or other disaster within three years prior to the application for the new structure(s) (see Chapter 17.92 Nonconforming Structure). 17.138.030 – Definitions For the purposes of this Chapter, the following words and phrases shall have the meaning set forth below. For all other definitions, the provisions of Article 9 (Definitions) of this Title shall apply. A. “Administrator” means Below Market Rate Program Administrator which may either be the City itself or a third-party administrator acting as an agent for the City in connection with all aspects of the operation of the City's Below Market Rate program pursuant to an Agreement entered into between the City and the Administrator, as such agreement may be amended or replaced from time to time. B. “Affordable” means housing which can be purchased or rented by a household with very low-, low-, or moderate- income, as described in the City’s affordable housing standards. C. “Below Market Rate (BMR)” means that the affordability level of an inclusionary unit is below the cost of what a current market rate unit would be and is affordable to extremely low-, very low-, low-, or moderate-income households. D. “Borrower” shall be defined as one who meets the eligibility requirements for purchasing an inclusionary affordable unit. E. “Commercial Linkage Fee” means the fee paid by the applicant of commercial development projects to mitigate the impacts that such developments have on the demand for affordable housing in the City (see Municipal Code Chapter 4.60). F. “Density bonus” means a density increase over the maximum density otherwise allowable under the Zoning Regulations, Chapter 17.140. G. “Early resale” shall mean the sale, lease, or transfer of property within seven years of the initial close of escrow for Equity Share Inclusionary Units. Page 606 of 753 Ordinance No. ______ (Series 2022) Page 5 O _____ H. “Equity Share” shall mean the shared equity of appreciation between the City and the Borrower on inclusionary units when agreements specifically allow for affordable units to be sold at market-rate after a 7-year period. I. “Fee Schedule” means fees that for-sale and for-rent units are subject to and are paid to either the City or the Administrator for associated costs related to but not limited to eligibility screening, income verification, marketing of affordable units, and the close of escrow or completion of new lease agreements for affordable units. J. “Inclusionary housing unit” means a dwelling unit required under the provisions of this Chapter, and which meets the City’s affordable housing standards. K. “Low-” or “lower-income households” shall have the meaning set forth in Health and Safety Code Section 50079.5; provided the income of such persons and families shall not exceed 80 percent of the median income within the City as published and periodically updated by the State Department of Housing and Community Development. L. “Market rate” shall mean the highest price a willing buyer would pay and a willing seller would accept, both being fully informed and in an open market, as determined by an appraiser. M. “Moderate-income households” shall have the meaning set forth in Health and Safety Code Section 50079.5; provided the income of such persons and families exceed 80 percent but are less than or equal to 120 percent of the median income within the City as published and periodically updated by the State Department of Housing and Community Development. N. “Commercial development project” shall mean development projects which result in the construction or conversion of structures for the purpose of conducting business, including but not limited to retail sales, restaurants, offices, gas stations, manufacturing, etc. O. “Residential development project” shall mean development projects which result in the construction or conversion of structures, including, but not limited to, single- unit attached or detached homes, apartments, condominiums, live/work units, mixed-use, mobile homes, transitional housing or supportive housing, and group housing. P. “Very low-income” shall have the meaning set forth in Health and Safety Code Section 50079.5; provided the income of such persons and families shall not exceed 50 percent of the median income within the City as published and periodically updated by the State Department of Housing and Community Development. 17.138.040 – Inclusionary Housing Requirements A. General Requirements. All non-exempt residential development projects shall include inclusionary units as required by this chapter. If the calculated number of units results in a fraction, the number shall be rounded as described in Section 17.138.080(A). 1. Construct the required number of inclusionary units for Residential or Mixed-Use projects; Page 607 of 753 Ordinance No. ______ (Series 2022) Page 6 O _____ 2. Pay an in-lieu fee for Residential or Mixed-Use projects; or 3. Pay a commercial linkage fee (see Municipal Code Chapter 4.60) for new Non- Residential or Non-Residential portions of Mixed-Use project(s). B. Residential Requirements 1. Ownership Dwelling Units. Ten (10) percent of the dwelling units (see Section 17.138.080.A) shall be made available for sale to eligible households with five (5) percent for low-income households (fractional units may be rounded down to the next whole number) and five (5) percent for moderate-income households (fractional units may be rounded up to the next whole number). See Section 17.138.080.A for more information regarding fractional numbers. 2. Rental Dwelling Units. Six (6) percent of the dwelling units (see Section 17.138.080.A: Fractional Numbers) shall be made available for rent to eligible households with three (3) percent for very low-income households (fractional units may be rounded down to the next whole number) and three (3) percent for low-income households (fractional units may be rounded up to the next whole number). 3. In-Lieu Housing Fees. An applicant may pay in-lieu fees to the City rather than construct inclusionary units on site for residential projects (see Section 17.138.060: In-Lieu Housing Fee). C. Non-Residential Requirements 1. Commercial, Office, Service, Hotel, Retail, Industrial, and Institutional Uses. An applicant shall pay a commercial linkage fee based on the gross square footage of the non-residential space in accordance with Municipal Code Chapter 4.60. D. Mixed-Use Development Requirements 1. Dwelling Units & Commercial Space. For mixed-use development, the inclusionary housing requirement is determined in accordance with subsection B of this Section for all dwelling units in addition to subsection C of this Section for all new commercial square footage within the development project. For example, a for-rent mixed-use project includes twenty (20) residential units and 5,000 square feet of commercial space: the inclusionary requirement would be two (2) affordable units (20 x 6% = 1.2 rounded to 2) and a commercial linkage fee would be applied to the 5,000 square feet of commercial space. 17.138.050 – Standards for Inclusionary Units A. Standards. Inclusionary units must meet the following standards: 1. Inclusionary units shall be dispersed throughout the residential development projects to prevent a concentration of affordable units within the development project. Page 608 of 753 Ordinance No. ______ (Series 2022) Page 7 O _____ 2. Inclusionary units shall be consistent with the design of market rate units in terms of exterior appearance, materials, and finished quality. 3. The applicant may reduce square footage of inclusionary units as compared to the market rate units as long as the minimum square footage of the affordable units are no less than seventy-five percent of the average size of all market rate units in the residential development project with the same bedroom count. For the purpose of this subsection, the “average size” of a unit with a certain bedroom count equals the total square footage of all market rate units with that bedroom count in the residential development project divided by the total number of market rate units with the same bedroom count in the residential development project. 4. For residential development projects with multiple market rate unit types containing differing numbers of bedrooms, inclusionary units shall be representative of the market rate unit mix. For example, a for sale, residential project includes fifty (50) dwelling units; ten (10) three-bedroom units, twenty (20) two-bedroom units, and twenty (20) one-bedroom units. To represent the units within the residential project, the five (5) required inclusionary units would be one (1) three-bedroom, two (2) two-bedrooms and two (2) one-bedrooms. 5. The required inclusionary units shall be constructed concurrently with market rate units, unless an alternative development schedule is otherwise stipulated by the applicable Review Authority of the residential development project. 6. Inclusionary units shall be subject to the City’s and/or the Administrator’s Fee Schedule in accordance with Section 17.138.110. 17.138.060 – In-Lieu Housing Fee A. Payment of In-Lieu Fee. The developer may, at their discretion, choose to pay a fee, as established by a resolution of the City Council, to the City in lieu of constructing affordable units to meet their inclusionary housing requirement. B. In-Lieu Fee Calculation. In-lieu fees shall be calculated using the new, habitable square footage, as defined by California Building Code, included within the residential development project. C. Affordable Housing Fund. All in-lieu fees collected shall be deposited into the Affordable Housing Fund. The fund shall be administered by the Finance Director and shall be used exclusively to provide funding for the provision of affordable housing and for reasonable costs associated with the development of affordable housing, at the discretion of the Council. D. Timing. In-lieu fees shall be paid prior to building permit issuance. For projects constructed in phases, in-lieu fees shall be paid in the proportion that the phase bears to the overall project. 17.138.070 – Inclusionary Housing Plan A. Application Requirements. An applicant proposing a project for which inclusionary housing is required shall submit a statement with their planning application or building permit (whichever applies), describing the project’s inclusionary housing plan. The statement shall include: Page 609 of 753 Ordinance No. ______ (Series 2022) Page 8 O _____ 1. A project description that includes details regarding the proposed residential development project such as, but not limited to total number of dwelling units, number of bedrooms per dwelling unit, square footage of all units (both residential and commercial), type of project (rental or ownership), etc.; 2. A description of the inclusionary housing plan for each construction phase, including the method chosen to meet the inclusionary housing requirement and including all of the following information including but not limited to: a. Whether the unit is for sale or rental; b. The number, location, unit type, tenure, number of bedrooms and baths, floor plan, construction schedule of all inclusionary units; c. Preliminary calculation of in-lieu fees or commercial linkage fee as applicable; d. Other information which the Director determines necessary to adequately evaluate the proposal. 17.138.080– Procedures A. Fractional Numbers. In determining the number of dwellings that are required to be built pursuant to Section 17.138.040.B fractional units shall be rounded up to the next higher whole number unit. If a project contains 10 units or less and the number of required inclusionary dwellings results in a fractional unit, an applicant may pay the in-lieu fee for the fractional unit or provide one Moderate affordable unit in the project. For example, a residential project proposes to construct six (6) dwelling units for rent. Per Section 17.138.040, the project would have an inclusionary housing requirement of 0.36. The applicant may pay an in-lieu fee for the fractional amount or deed restrict one of the six (6) dwelling units for Moderate-income households. B. Affordable Housing Agreement. The applicant shall complete and sign an Affordable Housing Agreement. 1. Submittal of an Affordable Housing Agreement. Applicants of residential development projects subject to this Chapter shall submit an affordable housing agreement on forms provided by the City and pay a processing and recordation fee. 2. Timing. All building permits for inclusionary units in a residential development project shall be issued concurrently with, or prior to, issuance of building permits for the market rate units. 3. Construction Schedule. The inclusionary units shall be constructed concurrently with, or prior to, construction of the market rate units, unless otherwise stipulated by the applicable Review Authority of the residential development project. Occupancy permits and final inspections for inclusionary units in a residential development shall be approved concurrently with, or prior to, approval of occupancy permits and final inspections for the market rate units. 4. Review and Approval. The draft agreement shall be reviewed by the Director and City Attorney for compliance with project approvals, City policies and standards, and applicable codes. Following approval and signing of the agreement by the parties, the final agreement shall be recorded, and relevant terms and conditions shall be recorded as a deed restriction on those lots or Page 610 of 753 Ordinance No. ______ (Series 2022) Page 9 O _____ affordable units subject to affordability requirements. The affordable housing agreement shall be binding to all future owners and successors in interest. 5. Term. The affordable housing agreement shall ensure that affordability is maintained for the longest period allowed or required by State law, but not less than 45 years for ownership and 55 years for rental. 6. Exemption for In-Lieu Fee Payment. An affordable housing agreement shall not be required for projects which meet their inclusionary housing requirement through the payment of in-lieu fees. 17.138.090 – Eligibility Requirements A. Program Requirement. Only households qualifying as extremely low-, very low-, low- or moderate income, pursuant to the affordable housing standards, shall be eligible to rent, purchase, or occupy inclusionary units developed or funded in compliance with this requirement. For-sale inclusionary housing units shall be owner-occupied for the term of the affordable housing agreement. B. Eligibility Screening. The City or an Administrator designated by the City shall screen prospective renters or buyers of affordable units. Buyers of affordable units shall enter into an agreement with the City. Occupants must be selected by means of an open, public process which ensures that individuals of a group of interested participants are selected in accordance with the City’s BMR Ownership and Rental Housing Guidelines. Private selection of individuals by project owners is not permitted for any affordable units. 17.138.100 – Shared Equity Purchase Program When a residential development project includes affordable housing units for sale in excess of the inclusionary housing requirement for the project, the additional units may be offered under the Shared Equity Purchase Program. A. Under this program, the qualified buyer of a designated affordable dwelling unit shall enter into a shared equity agreement with the City. Said agreement shall be recorded as a lien against the purchased property, at no interest, securing and stating the City’s equity share in the property. The City’s equity share shall be calculated by the Director, and shall be the decimal percentage of the property’s value resulting from: 1. The difference between the property’s market value and the actual price paid by the homeowner, divided by the market value; and/or, when applicable 2. The amount of subsidy provided by the City to the homeowner to purchase the property, divided by the property’s market value. B. Upon sale, the City’s equity share shall be repaid to the City from the proceeds of the sale, less the City’s percentage share of title insurance, escrow fees, and documentary transfer taxes, at the close of escrow. The proceeds from the sale shall be deposited into the City’s Affordable Housing Fund and shall be used for the purposes set forth in Health and Safety Code § 33334.2(e). Page 611 of 753 Ordinance No. ______ (Series 2022) Page 10 O _____ C. In the event of “early resale,” owners of properties subject to the Shared Equity Purchase Program shall either: (1) pay an equity recapture fee to the City as described in the schedule below, in addition to the City’s equity share, or (2) sell the property to another eligible household. If the owner chooses to pay the equity recapture fee, the recapture fee shall be paid to the City upon resale at close of escrow, based on the following schedule: Table 8-1: Percent of Equity Build-up Recaptured Year % of Equity Build-up Recaptured 0 – 3 100% 4 75% + City’s Equity Share 5 50% + City’s Equity Share 6 25% + City’s Equity Share 7 and after 0% + City’s Equity Share The recapture amount shall be determined prior to the calculation of escrow closing costs. 17.138.110 –Administration, Management, and Monitoring Inclusionary rental and owner units shall be managed and operated by the property owner, or the owner’s agent, for the term of the affordable housing agreement. Sufficient documentation shall be submitted to ensure compliance with this Chapter, to the satisfaction of the Director. A. Duties of Program Administrator. The City may either handle in-house or contract for administration of the BMR Ownership Housing Program and monitoring compliance with the requirements of this Chapter to a program Administrator pursuant to an agreement executed between the City and the Administrator in accordance with the approved fee schedule. At a minimum, the Administrator shall perform the following services: 1. Maintain and administer the City’s BMR Ownership and Rental Housing Guidelines and Affordable Housing Standards. 2. Screen and select qualified buyers and renters according to the City’s Ownership and Rental Housing Guidelines and Affordable Housing Standards and maintain qualified owner and renter eligibility list; 3. Maintain a list of eligible mortgage lenders for financing the purchase of inclusionary units in accordance with the BMR Ownership Housing Guidelines; 4. Market new and vacant BMR for-sale and rental units within the City’s affordable housing inventory. 5. Monitoring compliance with terms and conditions of the occupancy and sale restrictions. Page 612 of 753 Ordinance No. ______ (Series 2022) Page 11 O _____ 17.138.120 – Enforcement A. Enforcement. No building permit shall be issued, nor shall any other development entitlement be granted for a residential development project subject to this Chapter that does not meet these requirements. No inclusionary unit shall be rented or sold except in accordance with these requirements and the affordable housing standards. INTRODUCED on the ___ day of _________, 2022, AND FINALLY ADOPTED by the Council of the City of San Luis Obispo on the ___ day of ________, 2022, on the following vote: AYES: NOES: ABSENT: __________________________ Mayor Erica A. Stewart ATTEST: _________________________ Teresa Purrington, City Clerk APPROVED AS TO FORM: __________________________ J. Christine Dietrick, City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on ______________________. __________________________ Teresa Purrington, City Clerk Page 613 of 753 Page 614 of 753 O _____ ORDINANCE NO. _____ (2022 SERIES) AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, AMENDING AMEND TITLE 4 OF THE CITY OF SAN LUIS OBISPO MUNICIPAL CODE TO ADD CHAPTER 4.60 TO ESTABLISH A COMMERCIAL LINKAGE FEE WITH AN EXEMPTION FROM ENVIRONMENTAL REVIEW (CEQA) WHEREAS, the City of San Luis Obispo (“City”) aims to provide sufficient levels of affordable housing for its residents; and WHEREAS, development of new commercial projects encourages new residents to move to the City, and some of the employees needed to meet the needs of new commercial development earn incomes only adequate to pay for affordable housing; and WHEREAS, because there is a need for additional affordable housing within the City, these employees might otherwise be forced to live in less-than-adequate housing within the City, pay a disproportionate share of their incomes to live in adequate housing within the City, or commute ever-increasing distances to their jobs from housing located outside of the City, thereby harming the City’s ability to attain goals articulated in the City’s General Plan; and WHEREAS, the City Council of the City of San Luis Obispo conducted a web- based public hearing via teleconference on November 17, 2020, for the purpose of final adoption of the sixth cycle update to the General Plan Housing Element that included Program 2.13, which provides, “Update the Inclusionary Housing Ordinance, including Table 2A, based on findings and recommendations in the 2020 Affordable Housing Nexus Study and conduct further feasibility analysis in order to evaluate the City’s ability to provide affordable housing in the proportions shown in the Regional Housing Needs Allocation, per Policy 2.4”; and WHEREAS, on April 21, 2020, City Council reviewed a Nexus Study prepared by David Paul Rosen and Associates (DRA) which confirmed that both market-rate residential and commercial development are creating demand for affordable housing that is not being met by the current housing market; and WHEREAS, pursuant to Government Code Section 66001, the Nexus Study establishes that there is a reasonable relationship between the commercial linkage fees and the commercial development on which it is imposed and between the need for affordable housing and the commercial development projects against which the fee is charged; and WHEREAS, in April 2021, the City hired Economic & Planning Systems, Inc. (EPS) to conduct a feasibility analysis of the City’s inclusionary housing requirements based on the findings and recommendations included in the Nexus Study; and Page 615 of 753 Ordinance No. ______ (Series 2022) Page 2 O _____ WHEREAS, the City may adopt and impose commercial linkage fees to mitigate the impact of commercial development projects on available affordable housing in the City under the authority of Sections 66000 et seq. of the California Government Code (“Mitigation Fee Act”); and WHEREAS, the commercial linkage fees will be placed in the City’s Affordable Housing Fund and the fees will be used solely to increase the supply of housing affordable to extremely low, very low, low, and moderate-income residents; and WHEREAS, the State of California Office of Housing and Community Development, on September 3, 2021, certified the City of San Luis Obispo’s 6 th Cycle General Plan Housing Element as in full compliance with State Law; and WHEREAS, A Study Session was held by City Council on March 1, 2022, to review staff’s recommended amendments to Chapter 17.138, that were derived from the Nexus Study and the EPS financial analysis; and WHEREAS, the City Council of the City of San Luis Obispo conducted a public hearing in the Council Chamber of City Hall, 990 Palm Street, San Luis Obispo, California on July 19, 2022, for the purpose of introducing an ordinance to implement commercial linkage fees; and WHEREAS, notices of said public hearing were made at the time and in the manner required by law. WHEREAS, the City Council has duly considered all evidence, including the testimony of the applicant, interested parties, and the evaluation and recommendations by staff. NOW, THEREFORE, BE IT ORDAINED by the Council of the City of San Luis Obispo as follows: SECTION 1. Findings. Based upon all the evidence, the City Council makes the following finding: 1. All recitals are true and correct and are incorporated herein by reference. 2. The proposed amendments to Title 4 are also consistent with the 6th Cycle Housing Element and implements program 2.13. Page 616 of 753 Ordinance No. ______ (Series 2022) Page 3 O _____ SECTION 2. Environmental Determination. The proposed amendments to the Municipal Code Title have been assessed in accordance with the authority and criteria contained in the California Environmental Quality Act (CEQA), the state CEQA Guidelines, and the environmental regulations of the City. Specifically, approval of fees and/or charges is not a “project” for the purposes of CEQA, pursuant to CEQA Guidelines, Section 15378(b)(4); and even if considered a “project” under CEQA, would be exempt from CEQA review pursuant to CEQA Guidelines Section 15061(b)(3), the “Common Sense” exemption, because the proposed ordinance will have no possibility of a significant effect on the environment and will not cause impacts. SECTION 3. Action. The City Council hereby adds Chapter 4.60, entitled “Commercial Linkage Fees”, to the San Luis Obispo Municipal Code as set forth and incorporated herein. Chapter 4.60: Commercial Linkage Fees Sections: 4.60.010 – Purpose. 4.60-020 – Definitions. 4.60.030 – Fees to be set by resolution. 4.60.040 – Payment of fees. 4.60.050 – Exemptions. 4.60.060 – Disposition and use of fees. 5.60.070 - Enforcement 4.60.010 – Purpose A. Encourage the development and availability of housing affordable to a broad range of households with varying income levels within the city as mandated by State law, California Government Code Section 65580 and following. B. Offset the demand for affordable housing that is created by new development and mitigate environmental and other impacts that accompany new commercial development by protecting the economic diversity of the City’s housing stock; reducing traffic, transit and related air quality impacts by allowing more residents to live near their workplace; promoting jobs/housing balance; and reducing the demands placed on transportation infrastructure in the region. C. Promote the City’s policy to provide an adequate number of affordable housing units to the City’s housing stock in proportion to the existing or projected need in the community, as identified by the Housing Element. D. Support the Housing Element goal of assisting in the development of new housing that is affordable at all income levels and the policies and actions that support this goal. E. Encourage the production of the very low, low, and moderate income units planned for in the Housing Element of the General Plan. Page 617 of 753 Ordinance No. ______ (Series 2022) Page 4 O _____ 4.60.020 – Definitions For the purposes of this Chapter, the following words and phrases shall have the meaning set forth below. A. “Administrator” means Below Market Rate Program Administrator which may either be the City itself or a third party administrator acting as an agent for the City in connection with all aspects of the operation of the City's Below Market Rate program pursuant to an Agreement entered into between the City and the Administrator, as such agreement may be amended or replaced from time to time. B. “Affordable housing agreement” means a written agreement between a builder and the City as provided by Section 17.138.080.B. C. “Below Market Rate (BMR)” means that the affordability level of an inclusionary unit is below the cost of what a current market rate unit would be and is affordable to extremely low-, very low-, low-, or moderate-income households. D. “Commercial development project” shall mean development projects which result in the subdivision of land and/or the construction or conversion of structures for the purpose of conducting business, including but not limited to hotels, retail sales, restaurants, offices, gas stations, research and development uses and manufacturing. E. “Commercial linkage fee” means the fee paid by applicant of commercial development projects to mitigate the impacts that such developments have on the demand for affordable housing in the City. F. “First approval” means the first discretionary approval to occur with respect to a commercial development project or, for commercial projects not requiring a discretionary approval, the issuance of a building permit. G. “Inclusionary housing plan” means a plan for a residential development project submitted by an applicant as provided by Section 17.138.070. H. “Planning permit” means any discretionary approval of a residential or mixed use project, including but not limited to a comprehensive or specific plan adoption or amendment, rezoning, tentative map, parcel map, conditional use permit, variances, or architectural review. 4.60.030 – Fees to be Set by Resolution The amount of commercial linkage fee imposed on applicants of commercial development projects shall be determined by resolution adopted by the City Council and may be adjusted annually by the percentage change in the Consumer Price Index for all Urban Consumers (CPI-U). Commercial linkage fees shall not exceed the cost of mitigating the impact of the commercial development projects on the availability of affordable housing in the city. Page 618 of 753 Ordinance No. ______ (Series 2022) Page 5 O _____ 4.60.040 – Payment of Fees A. A commercial linkage shall be applied to commercial development projects involving new construction and additional gross square footage to existing commercial buildings. If a development is exempt from the fee at initial construction, but later converts to a commercial development project, the converted square footage will be subject to the fee. B. Any commercial linkage fee shall be paid in full prior to the issuance of the first building permit for the commercial development project subject to the fee or at a time otherwise specified by Council Resolution. If no building permit is required, the fee shall be paid before a conversion of use may take place. The fee shall be calculated based on the fee schedule in effect at the time the building permit is issued as adopted by the City Council. 4.60.050 – Exemptions A. The following commercial projects are exempt from the provisions of this chapter. 1. City buildings and facilities and those public facilities entitled to an exemption under state law. 2. Schools, places of public assembly, cultural institutions, childcare facilities, nursing homes, residential care facilities, and skilled nursing facilities. 3. Projects which replace or restore a structure damaged or destroyed by fire, flood, earthquake, or other disaster within three years prior to the application for the new structure(s) (see Chapter 17.92 Nonconforming Structure). 4.60.060 – Disposition and Use of Fees Commercial linkage fees collected shall be deposited into the Affordable Housing Fund. The fund shall be administered by the Finance Director and shall be used exclusively to provide funding for the provision of affordable housing and for reasonable costs associated with the development of affordable housing, at the discretion of the Council. 4.60.070 – Enforcement A. Payment of the commercial linkage fee is the obligation of the builder of a commercial development project. The City may institute any appropriate legal actions or proceedings necessary to ensure compliance herewith, including, but not limited to, actions to revoke, deny, or suspend any permit or development approval. B. The City Attorney and Community Development Director shall be authorized to enforce the provisions of this chapter and all affordable housing agreements, regulatory agreements, by civil action and any other proceeding or method permitted by law. Page 619 of 753 Ordinance No. ______ (Series 2022) Page 6 O _____ C. Failure of any official or agency to fulfill the requirements of this chapter shall not excuse any builder or owner from the requirements of this chapter. No permit, license, map, or other approval or entitlement for a commercial development project shall be issued, including without limitation a final inspection or certificate of occupancy, until all applicable requirements of this chapter have been satisfied. D. The remedies provided for in this chapter shall be cumulative and not exclusive and shall not preclude the City from any other remedy or relieve to which it otherwise would be entitled under law or equity. INTRODUCED on the ___ day of _________, 2022, AND FINALLY ADOPTED by the Council of the City of San Luis Obispo on the ___ day of ________, 2022, on the following vote: AYES: NOES: ABSENT: __________________________ Mayor Erica A. Stewart ATTEST: _________________________ Teresa Purrington, City Clerk APPROVED AS TO FORM: __________________________ J. Christine Dietrick, City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on ______________________. __________________________ Teresa Purrington, City Clerk Page 620 of 753 R _____ RESOLUTION NO. _____ (2022 SERIES) A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, AMENDING INCLUSIONARY HOUSING IN-LIEU FEES IN ACCORDANCE WITH CHAPTER 17.138 OF TITLE 17 AND ESTABLISHING THE AMOUNTS OF COMMERCIAL LINKAGE FEES IN ACCORDANCE WITH CHAPTER 4.60 OF TITLE 4 OF THE SAN LUIS OBISPO MUNICIPAL CODE AND AMENDING THE COMPREHENSIVE FEE SCHEDULE WHEREAS, the State of California has found that local governments have a responsibility to use the powers vested in them to facilitate the development of housing and to make adequate provision for the housing needs of all economic segments of the community (Government Code Section 65580(d); and WHEREAS, on August 16, 2022, the City Council of the City of San Luis Obispo adopted an ordinance amending inclusionary housing requirements, including inclusionary housing in-lieu fees, as codified in Chapter 17.138 of Title 17 of the San Luis Obispo Municipal Code (“Inclusionary Housing Ordinance”); and WHEREAS, on August 16, 2022, the City Council of the City of San Luis Obispo adopted an ordinance establishing a Commercial Linkage Fee on Non-Residential development as codified in Chapter 4.60 of Title 4 of the San Luis Obispo Municipal Code (the “Commercial Linkage Ordinance)”; and WHEREAS, the purpose and findings supporting the adoption of the Inclusionary Housing In-Lieu Fee are set forth in the Inclusionary Housing Ordinance; and WHEREAS, the purpose and findings supporting the adoption of the Commercial Linkage Fee are set forth in Commercial Linkage Fee Ordinance; and WHEREAS, the Council desires to establish herein the amount of the Inclusionary Housing In-Lieu Fees for residential development and Commercial Linkage Fees for specified non-residential land uses in the City; and WHEREAS, the Comprehensive Fee Schedule will be updated to reflect all new and updated fees; and NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of San Luis Obispo as follows: SECTION 1. Recitals. The recitals set forth above are hereby adopted as the findings of the City in adopting the policies herein. Page 621 of 753 Resolution No._______ (2022 Series) Page 2 R _____ SECTION 2. Environmental Determination. Amending the inclusionary in-lieu housing fee and establishment of a commercial linkage fee is not considered a project subject to the California Environmental Quality Act (“CEQA”) pursuant to Section 15378(b)(4) of the CEQA Guidelines, which excludes the following from the definition of projects: the creation of a government funding mechanism or other government fiscal activities which do not involve any commitment to a specific project which may result in a potentially significant physical impact on the environment. SECTION 3. Inclusionary Housing In-Lieu Fee. Applicants opting to pay an inclusionary housing in-lieu fee in accordance with Chapter 17.138 of the San Luis Obispo Municipal Code shall pay the fee based on the habitable square footage of space within the residential development project as follows: Residential unit type Fee per square foot New for-sale housing $25.00 New rental housing $20.00 SECTION 4. Commercial Linkage Fee. The Commercial Linkage Fees adopted in Chapter 4.60 of the City of San Luis Obispo Municipal Code are hereby established in the following amounts and shall be computed as follows: All Commercial Development Projects and all Non- Residential portions of a project subject to Chapter 4.60 shall pay the commercial linkage fee based on the gross square footage of each use included in the proposed project as follows: Non-Residential Use Fee per square foot Office, Service, Retail, Hotel $6.00 Industrial, Manufacturing $5.00 Page 622 of 753 Resolution No._______ (2022 Series) Page 3 R _____ SECTION 5. Effective Date. This Resolution shall take effect upon the effective date of both the Inclusionary Housing Ordinance and the Commercial Linkage Fee Ordinance. Upon motion of _______________________, seconded by _______________________, and on the following roll call vote: AYES: NOES: ABSENT: The foregoing resolution was adopted this _____ day of _____________________ 2022. __________________________ Mayor Erica A, Stewart ATTEST: ___________________________ Teresa Purrington, City Clerk APPROVED AS TO FORM: ____________________________ J. Christine Dietrick, City Attorney IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Luis Obispo, California, on _______________________. __________________________ Teresa Purrington, City Clerk Page 623 of 753 Page 624 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT Chapter 17.138: Inclusionary Housing Requirements Sections: 17.138.010 – Purpose 17.138.020 – Applicability and Exclusions 17.138.030 – Definitions 17.138.040 – General StandardsInclusionary Housing Requirements 17.138.050 – ProceduresStandards for Inclusionary Units 17.138.060 – In-Lieu Housing Fee 17.138.070 – AffordableInclusionary Housing Fund EstablishedProposal 17.138.080 – Real Property DedicationProcedures 17.138.090 – IncentivesEligibility Requirements 17.138.100 – Project Application 17.138.110 – Required Agreements 17.138.120 – Program Requirements 17.138.130 – Eligibility Screening 17.138.140 – Affordability Restrictions 17.138.150 – Shared Equity Purchase Program 17.138.160 – Early Resale of Shared Equity Properties 17.138.170 –17.138.110 – Administration, Management, and Monitoring 17.138.180120 – Enforcement and Appeals 17.138.190 – Severability 17.138.010 – Purpose The purpose and intent of this Chapter are: 1) to promote the public welfare by increasing the production and availability of affordable rental housing units; 2) to establish an inclusionary housing requirement which implements General Plan policies guiding land use and housing development; and 3) to ensure that affordable housing units established pursuant to the provisions of this Chapter are located in a manner that provides for their integration with market rate units. 17.138.020 – Applicability and Exclusions A. This Chapter shall apply to development all residential development except projects consisting of five or more residential lots or new dwelling units, and to commercial development projects consisting of 2,500 square feet or more of gross floor area. Tthe following types of residential development projects are excludedexempt: 1. Residential developments of four units or less; 2. New commercial developments of less than 2,500 square feet of gross floor area; 3.1. Residential and commercial building additions, repairs, or remodels, provided that such work does not increase the number of existing dwellings by four or more units or result in an increase in commercial gross floor area of 2,500 square feet or more; 2. The addition or inclusion of Accessory Dwelling Units associated with an existing or proposed residential or mixed-use development; 4. The conversion of less than five dwelling units to condominiums within any five-year period; 5.3. Commercial condominium conversions which do not result in the creation of new dwellings; 6.4. Affordable housing projects in which 100 percent of the dwellings to be built will be sold or rented in conformance with the City’s aAffordable hHousing sStandards (excluding any on-site manager unit); 5. Housing projects that include a density bonus. Page 625 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT 7.6. Emergency projects or projects which the Council determines are necessary to protect public health and safety; 8.7. Development projects which the Director determines are essentially noncommercial or nonresidential in nature, which provide educational, social, or related services to the community and which are proposed by public agencies, nonprofit agencies, foundations, and other similar organizations; 9.8. Projects which replace or restore a structure damaged or destroyed by fire, flood, earthquake, or other disaster within three years prior to the application for the new structure(s) (see Chapter 17.92 Nonconforming Structure); 10. Projects for which an approved tentative map or vesting tentative map exists, or for which a construction permit was issued prior to the effective date of the ordinance codified in this Chapter and the permittee has performed substantial work and incurred substantial liabilities and which continue to have unexpired permits. 17.138.030 – Definitions For the purposes of this Chapter, the following words and phrases shall have the meaning set forth below. For all other definitions, the provisions of Article 9 (Definitions) of this Title shall apply. A. “Administrator” means Below Market Rate Program Administrator which may either be the City itself or a third- party administrator acting as an agent for the City in connection with all aspects of the operation of the City's Below Market Rate program pursuant to an Agreement entered into between the City and the Administrator, as such agreement may be amended or replaced from time to time. A.B. “Affordable” means housing which can be purchased or rented by a household with very low-, low-, or moderate- income, as described in the City’s affordable housing standards. B. “Building valuation” shall mean the total value of all construction work for which a construction permit is required, as determined by the Chief Building Official using the Uniform Building Code. C. “Below Market Rate (BMR)” means that the affordability level of an inclusionary unit is below the cost of what a current market rate unit would be and is affordable to extremely low-, very low-, low-, or moderate-income households. D. “Borrower” shall be defined as one who meets the eligibility requirements for purchasing an inclusionary affordable unit. E. “Commercial Linkage Fee” means the fee paid by the applicant of commercial development projects to mitigate the impacts that such developments have on the demand for affordable housing in the City (see Municipal Code Chapter 4.60). C.F. “Density bonus” means a density increase over the maximum density otherwise allowable under the Zoning Regulations, Chapter 17.140. D. “Development project” shall mean an activity for which a subdivision map or constructionbuilding permit is required, including new buildings and building additions or remodels, but not including changes in ownership, occupancy, management, or use. E. “Expansion area” means a land area proposed for annexation to the City or annexed after the adoption date of the ordinance codified in this Chapter. F. “Housing Authority” refers to the Housing of Authority of San Luis Obispo (HASLO). G. “Early resale” shall mean the sale, lease, or transfer of property within seven years of the initial close of escrow for Equity Share Inclusionary Units. H. “Equity Share” shall mean the shared equity of appreciation between the City and the Borrower on inclusionary units when agreements specifically allow for affordable units to be sold at market-rate after a 7-year period. I. “Fee Schedule” means fees that for-sale and for-rent units are subject to and are paid to either the City or the Administrator for associated costs related to but not limited to eligibility screening, income verification, marketing Page 626 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT of affordable units, and the close of escrow or completion of new lease agreements for affordable units. G.J. “Inclusionary housing unit” means a dwelling which is builtunit required under the provisions of this Chapter, and which meets the City’s affordable housing standards. H.K. “Low-” or “lower-income households” shall have the meaning set forth in Health and Safety Code Section 50079.5; provided the income of such persons and families shall not exceed 80 percent of the median income within the CountyCity as published and periodically updated by the State Department of Housing and Community Development. I.L. “Market valuerate” shall mean the highest price a willing buyer would pay and a willing seller would accept, both being fully informed and in an open market, as determined by an appraiser or other qualified professional. fully informed and in an open market, as determined by an appraiser. J.M. “Moderate-income households” shall include those have the meaning set forth in Health and Safety Code Section 50079.5; provided the income of such persons and families whose incomes exceed 80 percent but are less than or equal to 120 percent of the median income within the CountyCity as published and periodically updated by the State Department of Housing and Community Development. K. “Real property” shall mean land and improvements, if any, including anything permanently affixed to the land, such as buildings, walls, fences, and paved areas. N. “Non-residentia Commercial developmentl project” shall mean development projects which result in the construction or conversion of structures for the purpose of conducting business, including but not limited to retail sales, restaurants, offices, gas stations, manufacturing, etc. L.O. “Residential development project” shall mean development projects which result in the subdivision of land and/or the construction or conversion of dwellingsstructures, including, but not limited to, single-unit attached or detached homes, apartments, condominiums, live/work studiosunits, mixed-use, mobile homes, transitional housing or supportive housing, and group housing. M.P. “Very low-income” shall have the meaning set forth in Health and Safety Code Section 50105, defined as “50079.5; provided the income of such persons and families whose incomes doshall not exceed the qualifying limits for very low-income families as established and amended from time to time in compliance with Section 850 percent of the United States Housing Act of 1937, and median income within the City as published in the California Administrative Code.”and periodically updated by the State Department of Housing and Community Development. 17.138.040 – General StandardsInclusionary Housing Requirements A. Methods of Meeting Requirements. New development projects shall satisfy the inclusionary housing requirements, as specified in Tables 2 and 2A of the General Plan Housing Element (also included below) which require that all nonexempt development projects shall contribute toward the production of affordable housing by constructing at least one affordable dwelling unit or paying an in-lieu fee. To meet the requirements, the developer shall comply with one or more of the following methods: A. 1. General Requirements. All non-exempt residential development projects shall include inclusionary units as required by this sectionchapter. If the calculated number of units results in a fraction, the number shall be rounded as described in Section 17.138.080(A).: Fractional Numbers, unless otherwise specified. 1. Construct the required number of affordable dwelling units, as specified in Table 2 of the Housing Element, as adjusted by Table 2A of the Housing Element; orinclusionary units for Residential or Mixed-Use projects; 2. Pay an in-lieu fee as described in Table 2, as adjusted by Table 2A. For development projects in which the adjustment factor under Table 2A equals zero (“0”), the minimum adjustment factor shall be 0.25 (resulting in a minimum in-lieu fee of 1.25 percent of the building valuation for development projects and commercial developments in expansion areas, and 3.75 percent of building valuation for residential developments in expansion areas); or 3. Dedicate real property for affordable housing; or 4. Provide for the rehabilitation of existing housing units that are vacant and in poor physical condition or are Page 627 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT otherwise uninhabitable; or 5. Use a combination of the above methods, to the approval of the Director. Housing Element Table 2 – Inclusionary Housing Requirement Type of Housing Development Residential – Adjust Requirements per Table 2A below Commercial Location In City Limits Build 3% low5 or 5% moderate income Affordable Dwelling Units (ADUs2), but not less than 1 ADU per project; or3 pay in-lieu fee equal to 5% of building valuation.4 Build 2 ADUs per acre, but not less than 1 ADU per project; or3 pay in-lieu fee equal to 5% of building valuation In Expansion Area Build 5% low5 - and 10% moderate income ADUs, but not less than 1 ADU per project; or pay in-lieu fee equal to 15% of building valuation. Build 2 ADUs per acre, but not less than 1 ADU per project; or pay in-lieu fee equal to 5% of building valuation. Notes: 1. Residential developments of four or less dwellings, and commercial developments of 2,500 gross square feet of floor area or less are exempt from these requirements. 2. Affordable Dwelling Units must meet City affordability criteria listed in Goal 2.1 of the Housing Element. 3. Developer may build affordable housing in the required amounts, pay in-lieu fee based on the above formula, or dedicate real property, or a combination of these, to City approval. 4. "Building valuation" shall mean the total value of all construction work for which a permit would be issued, as determined by the Chief Building Official. 5. Low income includes the subsets of extremely low and very low-income categories. Housing Element Table 2A – Inclusionary Housing Adjustment Factors Project Density (Density Units/Net Acre)1 Inclusionary Housing Requirement Adjustment Factor2 Average Unit Size (square feet) Up to 1,100 1,101 – 1,500 1,501 – 2,000 2,001 – 2,500 2,501 – 3,000 >3,000 36 or more 0 0 0.75 1.0 1.25 1.5 24 – 35.99 0 0 0.75 1.0 1.25 1.5 12 – 23.99 0 0.25 1.0 1.25 1.5 1.75 7 – 11.99 0 0.5 1.0 1.25 1.5 1.75 <7 0 0.5 1.25 1.5 1.75 2.0 Notes: 1. Including allowed density bonus, where applicable. 2. Multiply the total base Inclusionary Housing Requirement (either housing or in-lieu percentage) by the adjustment factor to determine requirement. At least one enforceably restricted affordable unit is required per development of five or more units. B. Affordable Housing Standards. Affordable dwelling units constructed must meet City affordable housing standards and must be consistent with affordability policies in the General Plan Housing Element. C. Concurrent Development. The required inclusionary units shall be constructed concurrently with market value units unless the developer and the Director agree within an affordable housing agreement to an alternative development schedule. 17.138.050 – Procedures A. Fractional Numbers. In determining the number of dwellings that are required to be built pursuant to Table 2, fractional units shall be rounded up to the next higher whole number unit. B. Determining Adjustment Factor Using Project Density and Average Unit Size. To determine the adjustment factor in Table 2A, project density shall be calculated by dividing the total number of density units proposed (including density bonus where applicable) by the development project site’s net area. Average floor area shall be calculated by dividing the total gross floor area of all dwellings (excluding garages) within the development project by the total number of dwellings. Dedicated open space shall not be included in a site’s net area. 2. Pay an in-lieu fee for Residential or Mixed-Use projects; or 3. Pay a commercial linkage fee (see Municipal Code Chapter 4.6056: Development Impact Fees) for new Non- Residential or Non-Residential portions of Mixed-Use project(s). Page 628 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT B. Residential Requirements 1. Ownership Dwelling Units. Ten (10) percent of the dwelling units (see Section 17.138.080.A: Fractional Numbers) shall be made available for sale to eligible households with five (5) percent for low-income households (fractional units may be rounded down to the next whole number) and five (5) percent for moderate-income households (fractional units may be rounded up to the next whole number). See Section 17.138.080.A (Fractional Numbers) for more information regarding fractional numbers. 2. Rental Dwelling Units. Six (6) percent of the dwelling units (see Section 17.138.080.A: Fractional Numbers) shall be made available for rent to eligible households with three (3) percent for very low-income households (fractional units may be rounded down to the next whole number) and three (3) percent for low-income households (fractional units may be rounded up to the next whole number). 3. In-Lieu Housing Fees. An applicant may pay in-lieu fees to the City rather than construct inclusionary units on site for residential projects (see Section 17.138.060: In-Lieu Housing Fee). C. Non-Residential Requirements 1. Commercial, Office, Service, Hotel, Retail, Industrial, and Institutional Uses. An applicant shall pay a commercial linkage fee based on the gross square footage of the non-residential space within the development project that result in an increase in gross floor area of 2,500 square feet in accordance with Municipal Code Chapter 4.60. D. C. Mixed-Use Development Projects Requirements 1. Dwelling Units & CommercialNon-Residential Space. For mixed-use development projects with five or more dwellingsor 2,500 square feet or more of new non-residential square footage, the inclusionary housing requirement is determined by: (1) using Table 2 to calculate the base inclusionary requirement for the commercial use, and (2) using Table 2A to adjust the base requirement based on project density and average unit size, as described inin accordance with subsection (B) of this Section.B of this Section for all dwelling units in addition to subsection C of this Section for all new commercial square footage within the development project. For example, a for-rent mixed-use project includes twenty (20) residential units and 5,000 square feet of commercial space: the inclusionary requirement would be two (2) affordable units (20 x 6% = 1.2 rounded to 2) and a commercial linkage fee would be applied to the 5,000 square feet of commercial spacetimes the commercial linkage fee. 17.138.050 – Standards for Inclusionary Units A. Standards. Inclusionary units must meet the following standards: 1. Inclusionary units shall be dispersed throughout the residential or mixed-use development projects to prevent a concentration of affordable units within the development project. 2. Inclusionary units shall be consistent with the design of market rate units in terms of exterior appearance, materials, and finished quality. 3. The applicant may reduce square footage of inclusionary units as compared to the market rate units as long as the minimum square footage of the affordable units are no less than seventy-five percent of the average size of all market rate units in the residential development project with the same bedroom count. For the purpose of this subsection, the “average size” of a unit with a certain bedroom count equals the total square footage of all market rate units with that bedroom count in the residential development project divided by the total number of market rate units with the same bedroom count in the residential development project. 4. For residential development projects with multiple market rate unit types containing differing numbers of bedrooms, inclusionary units shall be representative of the market rate unit mix. For example, a for sale, residential project includes fifty (50) dwelling units; ten (10) three-bedroom units, twenty (20) two-bedroom units, and twenty (20) one-bedroom units. To represent the units within the residential project, the five (5) required inclusionary units would be one (1) three-bedroom, two (2) two-bedrooms and two (2) one-bedrooms. 5. The required inclusionary units shall be constructed concurrently with market rate units, unless an alternative development schedule is otherwise stipulated by the applicable Review Authority of the residential Page 629 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT development project. 6. Inclusionary units shall be subject to the City’s and/or the Administrator’s Fee Schedule in accordance with Section 17.138.110. D. Timing. The inclusionary housing requirement shall be met prior to issuance of a certificate of occupancy for the first unit in a building, or the first building in a complex to be constructed or remodeled; or for subdivisions, prior to Final Map approval; or prior to building permit issuance, for projects for which a certificate of occupancy is not issued; or as otherwise agreed to by the Director as part of tentative map, rezoning, Minor Use Permit, Conditional Use Permit, or other development approval. E. Affordable Housing Agreement. To meet the requirement, the developer may enter into an agreement with the City, the Housing Authority of San Luis Obispo (HASLO), nonprofit housing provider, or other qualified housing provider approved by the Director to construct, refurbish, convert, operate, and maintain the required affordable housing. Such affordable housing agreements shall be to the approval of the Director and shall be in a form approved by the City Attorney. 17.138.060 – In-Lieu Housing Fee A. A. Payment of In-Lieu Fee. The developer may, at his or hertheir discretion, choose to pay a fee, as established by a resolution of the City Council, to the City in lieu of constructing affordable dwellingsunits to meet thistheir inclusionary housing requirement. B. Amount and Method of Payment. The dollar amount and method of payment of the in-lieu fee shall be as described in Table 2 of Appendix N of the General Plan Housing Element, and where applicable, as adjusted by Table 2A in Appendix N of the General Plan Housing Element, to the approval of the Director. For subdivisions in which the construction valuation is not known, the Director shall estimate the average construction valuation based on lot area, land value, and applicable City development standards. The developer shall use the estimated average construction valuation to determine the amount of in-lieu fees. B. C. In-Lieu Fee Calculation. In-lieu fees shall be calculated using the total square footage of new, habitable square footage, as defined by California Building Code, included within the residential development project. In-lieu fees shall be calculated using the new, habitable square footage, as defined by California Building Code, included within the residential development project. In-lieu fees for Final Maps or Parcel Maps which are subject to Inclusionary Housing Requirements, Timing. In-lieu fees shall be paid prior to release of occupancy of the first dwelling within a residential development; or for residential subdivisions to be built out by others, prior to final subdivision map approval; or prior to occupancy for new commercial buildings or remodels; or prior to building permit issuance, for projects for which a certificate of occupancy is not issued; or as otherwise provided by written agreement between the developer and City, to the approval of the Director. For mixed-use developments, these regulations shall apply to whichever occupancy release is first issued. B. 17.138.070 – Affordable Housing Fund Establi shed C. The City hereby establishes an . All in-lieu fees collected shall be deposited into the Affordable Housing Fund. The fund shall be administered by the Finance Director and shall be used exclusively to provide funding for the provision of affordable housing and for reasonable costs associated with the development of affordable housing, at the discretion of the Council. In-lieu fees collected shall be deposited into the Affordable Housing Fund, to the satisfaction of the Director of Finance. C. D. Timing. In-lieu fees shall be paid prior to building permit issuance. For projects constructed in phases, in-lieu fees shall be paid in the proportion that the phase bears to the overall project. release of occupancy of the first dwelling within a residential development; or for residential subdivisions to be built out by others, prior to final subdivision map approval; or prior to occupancy for new commercial buildings or remodels; or prior to building permit issuance, for projects for which a certificate of occupancy is not issued; or as otherwise provided by written agreement Page 630 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT between the developer and City, to the approval of the Director. For mixed-use developments, these regulations shall apply to whichever occupancy release is first issued.17.138.080 – Real Property Dedication A. Irrevocable Offer to Dedicate Real Property. At the discretion of the Council, an irrevocable offer to dedicate real property equal or greater in value to the in-lieu fee which would otherwise be required may be offered to the City, or to an affordable housing provider designated by the City, instead of providing the required number of affordable dwellings or paying in-lieu fees. The City shall have the option of negotiating with the applicant regarding dedications of properties with greater value that the in-lieu fee to achieve an equitable dedication. In considering an offer to dedicate real property, the Council must find that the dedication of real property will provide equal or greater public benefit than constructing affordable units or paying in-lieu fees, based on the following criteria and additional criteria set forth in Government Code Section 65915(g)(2)(A-H): 1. Valuation of the land and/or improvements to be dedicated relative to other methods of meeting the requirement; 2. Suitability of the land and/or improvements for housing, including General Plan conformity, size, shape, topography, and location; and 3. Feasibility of developing affordable housing, including General Plan consistency, and availability of infrastructure. B. Real Property Valuation. The valuation of real property offered in lieu shall be determined by the Director, based upon an appraisal made by a qualified appraiser mutually agreed to by the developer and the City. Costs associated with the appraisal, title insurance and transfer, recordation, and related costs shall be borne by the developer. C. Agreement and Timing. The real property dedication shall be by deed or other instrument acceptable to the City and shall be completed by recordation through of the Office of County Clerk-Recorder prior to occupancy release of the first residential unit or commercial building in the development; or prior to building permit issuance, for projects for which a certificate of occupancy is not issued; or as otherwise provided by written agreement between the developer and the City. 17.138.090 – Incentives A. Eligibility for Incentives. The developer may be eligible to receive or to request development incentives in return for constructing affordable housing in connection with a development project, pursuant to Chapter 17.140 (Affordable Housing Incentives), as part of a City planning application. Incentives or other forms of financial assistance may be offered by the City to the extent that resources are available for this purpose and to the degree that such incentives or assistance will help achieve the City’s housing goals. B. Affordable Housing Agreement. Any incentives provided by the City, beyond those incentives to which a developer may be automatically entitled to under Chapter 17.140 (Affordable Housing Incentives) shall require approval by the appropriate review authority and shall be set out in an affordable housing agreement. The form and content of such agreement shall be to the approval of the City Attorney and the Director. Developers are further encouraged to utilize other local, State or Federal assistance, when available, to meet the affordable housing standards. 17.138.070 – Inclusionary Housing Plan 17.138.100 – Project Application A. A. Method of Application. Requirements. An applicant/developer proposing a project for which affordableinclusionary housing is required shall submit a statement with the standardtheir planning application, or building permit (whichever applies), describing the project’s inclusionary housing proposalplan. The developer’s statement shall include: 1. 1. A briefproject description of the proposalthat includes details regarding the proposed residential development project such as, but not limited to total number of dwelling units, number of bedrooms per dwelling unit, square footage of all units (both residential and commercial), type of project (rental or ownership), etc.; 2. A description of the inclusionary housing plan for each construction phase, including the method chosen to meet the inclusionary housing requirement; and including all of the following information including but not Page 631 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT limited to: a. Whether the unit is for sale or rental; b. The number, type and location of affordable, unit type, tenure, number of bedrooms and baths, floor plan, construction schedule of all inclusionary units; term of affordability; preliminary a.c. Preliminary calculation of in-lieu fees; or offer of land dedication or commercial linkage fee as applicable; 2. How the proposal meets General Plan policies and inclusionary housing requirements; 3. Plans and other exhibits showing preliminary site layout, grading, building elevations, parking and other site features, location of affordable dwelling units, and (where applicable) market value dwelling units; 4. Description of incentives requested, including exceptions from development standards, density bonuses, fee waivers or other incentives; and b.d. 5. Other information which the Director determines necessary to adequately evaluate the proposal, including but not limited to the method proposed to award occupancy of the affordable units. 17.138.110080 – Required AgreementsProcedures A. Fractional Numbers. In determining the number of dwellings that are required to be built pursuant to Section 17.138.040.B Table 2, fractional units shall be rounded up to the next higher whole number unit. If a project contains 10 units or less and the number of required inclusionary dwellings results in a fractional unit, an applicant may pay the in-lieu fee for the fractional unit or provide one Moderate affordable unit in the project. For example, a residential project proposes to construct six (6) dwelling units for rent. Per Section 17.138.040, the project would have an inclusionary housing requirement of 0.36. The applicant may pay an in-lieu fee for the fractional amount or deed restrict one of the six (6) dwelling units for Moderate-income households. B. A. Affordable Housing Agreement. The applicant shall complete and sign an Affordable Housing Agreement. 1. Submittal of an Affordable Housing Agreement. Applicants and developers forof residential development projects subject to this Chapter shall, as a condition of development approval, submit an affordable housing agreement on forms provided by the City and pay a processing and recordation fee. 2. Timing. All building permits for inclusionary units in a residential development project shall be issued concurrently with, or prior to, issuance of building permits for the market rate units, or final recordation of a final or parcel map, whichever occurs first. 3. Construction Schedule. The inclusionary units shall be constructed concurrently with, or prior to, construction of the market rate units, unless otherwise stipulated by the applicable Review Authority of the residential development project. Occupancy permits and final inspections for inclusionary units in a residential development shall be approved concurrently with, or prior to, approval of occupancy permits and final inspections for the market rate units. 1.4. Review and Approval. The draft agreement shall be reviewed by the Director and City Attorney for compliance with project approvals, City policies and standards, and applicable codes. Following approval and signing of the agreement by the parties, the final agreement shall be recorded, and relevant terms and conditions shall be recorded as a deed restriction on those lots or affordable units subject to affordability requirements. The affordable housing agreement shall be binding to all future owners and successors in interest. 5. B. Term. The affordable housing agreement shall ensure that affordability is maintained for the longest period allowed or required by State law, but not less than 45 years for ownership and 55 years for rental. 2.6. Exemption for In-Lieu Fees Payment. An affordable housing agreement shall not be required for projects which meet their inclusionary housing requirement through the payment of in-lieu fees. 17.138.120 – 090 – Eligibility Requirements A. Program Requirement. Only households qualifying as extremely low-, very low-, low-, or moderate income, pursuant to the affordable housing standards, shall be eligible to rent, purchase, or occupy inclusionary units developed or Page 632 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT funded in compliance with this requirement. For-sale inclusionary housing units shall be owner-occupied for the term of the affordable housing agreement. 17.138.130 – B. Eligibility Screening. The Housing Authority City or other housing provideran Administrator designated by the City shall screen prospective renters or buyers of affordable units. Renters or bBuyers of affordable units shall enter into an agreement with the City. Occupants must be selected by means of an open, public process which ensures that individuals of a group of interested participants have equal probability of selection.are selected in accordance with the City’s BMR Ownership and Rental Housing Guidelines. Private selection of individuals by project owners is not permitted for any affordable units. 17.138.140 – Affordability Restrictions Developers of affordable units for sale shall specify the type of affordability restriction to be applied. The developer shall choose to either: (1) participate in a shared equity purchase program, as described in Section 17.138.150, or (2) enter into an affordable housing agreement to ensure that affordability is maintained for the longest period allowed or required by State law. 17.138.15017.138.100 – Shared Equity Purchase Program When a residential development project includes affordable housing units for sale in excess of the inclusionary housing requirement for the project, the additional units may be offered under the Shared Equity Purchase Program. A. Under this program, the qualified buyer of a designated affordable dwelling unit shall enter into a shared equity agreement with the City. Said agreement shall be recorded as a lien against the purchased property, at no interest, securing and stating the City’s equity share in the property. The City’s equity share shall be calculated by the Director, and shall be the decimal percentage of the property’s value resulting from: 1. The difference between the property’s market value and the actual price paid by the homeowner, divided by the market value; and/or, when applicable 2. The amount of subsidy provided by the City to the homeowner to purchase the property, divided by the property’s market value. B. Upon sale, the City’s equity share shall be repaid to the City from the proceeds of the sale, less the City’s percentage share of title insurance, escrow fees, and documentary transfer taxes, at the close of escrow. The proceeds from the sale shall be deposited into the City’s Affordable Housing Fund and shall be used for the purposes set forth in Health and Safety Code § 33334.2(e). 17.138.160 – Early Resale of Shared Equity Properties C. In the event of “early resale,” owners of properties subject to the shared equity purchase programShared Equity Purchase Program shall either: (1) pay an equity recapture fee to the City as described in the schedule below, in addition to the City’s equity share, or (2) sell the property to another eligible household. “Early resale” shall mean the sale, lease, or transfer of property within seven years of the initial close of escrow. If the owner chooses to pay the equity recapture fee, the recapture fee shall be paid to the City upon resale at close of escrow, based on the following schedule: Table 8-1: Percent of Equity Build-up Recaptured Year % of Equity Build-up Recaptured 0 – 3 100% 4 75% + City’s Equity Share 5 50% + City’s Equity Share 6 25% + City’s Equity Share 7 and after 0% + City’s Equity Share Page 633 of 753 CITY OF SAN LUIS OBISPO Title 17 – ZONING REGULATIONS DRAFT The recapture amount shall be determined prior to the calculation of escrow closing costs. 17.138.170110 –Administration, Management, and Monitoring Inclusionary rental and owner units shall be managed and operated by the property owner, or the owner’s agent, for the term of the affordable housing agreement. Sufficient documentation shall be submitted to ensure compliance with this Chapter, to the satisfaction of the Director. A. Duties of Program Administrator. The City may either handle in-house or contract for administration of the BMR Ownership Housing Program and monitoring compliance with the requirements of this Chapter to a program Administrator pursuant to an agreement executed between the City and the Administrator in accordance with the approved fee schedule. At a minimum, the Administrator shall perform the following services: 1. Maintain and administer the City’s BMR Ownership and Rental Housing Guidelines and Affordable Housing Standards. 2. Screen and select qualified buyers and renters according to the City’s Ownership and Rental Housing Guidelines and Affordable Housing Standards and maintain qualified owner and renter eligibility list; 3. Maintain a list of eligible mortgage lenders for financing the purchase of inclusionary units in accordance with the BMR Ownership Housing Guidelines; 4. Market new and vacant BMR for-sale and rental units within the City’s affordable housing inventory. 5. Monitoring compliance with terms and conditions of the occupancy and sale restrictions; 17.138.180120 – Enforcement and Appeals A. Enforcement. No final subdivision map shall be approved, nor building permit shall be issued, nor shall any other development entitlement be granted for a residential development project whichsubject to this Chapter that does not meet these requirements. No inclusionary unit shall be rented or sold except in accordance with these requirements and the affordable housing standards. B. Appeals. The Director shall administer and interpret these requirements, subject to applicable codes and City procedures. Decisions of the Director are appealable, subject to the Zoning Regulations Chapter 17.126 (Appeals). 17.138.190 – Severability If any provision of this Chapter or the application thereof to any person or circumstances is held invalid, the remainder of the Chapter and the application of the provision to other persons or situations shall not be affected thereby. Page 634 of 753 RESOLUTION NO. PC- 1061-2022 A RESOLUTION OF THE PLANNING COMMISSION OF THE CITY OF SAN LUIS OBISPO, CALIFORNIA, RECOMMENDING THE CITY COUNCIL INTRODUCE AND ADOPT AN ORDINANCE AMENDING TITLE 17 (ZONING REGULATIONS) OF THE MUNICIPAL CODE, REPEALLING AND REPLACING CHAPTER 17.138 (INCLUSIONARY HOUSING REQUIREMENTS) FOR QUALIFYING DEVEOPMENT PROJECTS WITH AN EXEMPTION FROM ENVIRONMENTAL REVIEW (CEQA) AS REPRESENTED IN THE PLANNING COMMISSION AGENDA REPORT AND ATTACHMENTS DATED JUNE 8, 2022 (CITYWIDE; CODE-0261-2022) WHEREAS, on January 5,1999, The City adopted its first Inclusionary Housing Ordinance contained in Ordinance No. 1346; and WHEREAS, on June 13, 2007, and update was made to the Inclusionary Housing Ordinance regarding resident selection process for inclusionary housing contained in Ordinance No. 1508; and WHEREAS, a Nexus Study was reviewed by Council on April 21, 2020 to determine the feasibility of increasing the required amount of affordable housing in housing projects and implementing that into the City’s Inclusionary Housing Ordinance; and WHEREAS, the City Council of the City of San Luis Obispo conducted a web- based public hearing via teleconference November 17, 2020, for the purpose of final adoption of the sixth cycle update to the General Plan Housing Element that included Program 2.13 that states, “Update the Inclusionary Housing Ordinance, including Table 2A, based on findings and recommendations in the 2020 Affordable Housing Nexus Study and conduct further feasibility analysis in order to evaluate the City’s ability to provide affordable housing in the proportions shown in the Regional Housing Needs Allocation, per Policy 2.4”; and WHEREAS, in April 2021, the City hired Economic & Planning Systems, Inc. (EPS) to conduct a feasibility analysis based on the findings and recommendations included in the Nexus Study and current market information and provide preliminary recommendations for updates to the City’s existing Inclusionary Housing Ordinance; and WHEREAS, the State of California Office of Housing and Community Development, on September 3, 2021, certified the City of San Luis Obispo’s 6th Cycle General Plan Housing Element as in full compliance with State Law; and WHEREAS, a Study Session was held by City Council on March 1, 2022, to review the preliminary recommendations of the feasibility analysis; and WHEREAS, on May 11, 2022, the City published a draft of the proposed amendments to Municipal Code Chapter 17.138 for public review; and Page 635 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 2 WHEREAS, the Planning Commission of the City of San Luis Obispo conducted a public hearing in the Council Chamber of City Hall, 990 Palm Street, San Luis Obispo, California on June 8, 2022, for the purpose of recommending amendments to Chapter 17.138; and WHEREAS, notices of said public hearing were made at the time and in the manner required by the law; and WHEREAS, the Planning Commission has duly considered all evidence, including the testimony of the applicant, interested parties, and the evaluation and recommendations by staff, presented at said hearing. NOW, THEREFORE, BE IT RESOLVED, by the Planning Commission of the City of San Luis Obispo as follows: SECTION 1. Findings. Based upon all evidence, the Planning Commission makes the following findings: 1. The proposed commercial linkage fees and inclusionary housing in-lieu fees are supported by the 2020 Affordable Housing Nexus and 2021 Feasibility Analysis. 2. The proposed amendments to Title 17 of the Municipal Code are consistent with the 6th Cycle Housing Element Program 2.13 which states, “Update the Inclusionary Housing Ordinance, including Table 2A, based on findings and recommendations in the 2020 Affordable Housing Nexus Study and conduct further feasibility analysis in order to evaluate the City’s ability to provide affordable housing in the proportions shown in the Regional Housing Needs Allocation, per Policy 2.4.” 3. The proposed amendments to Title 17 of the Municipal Code are consistent with the 6th Cycle Housing Element Program 4.6 which states, “Amend the City’s Inclusionary Housing Ordinance to require that affordable units in a development be of similar size, number of bedrooms, character and basic quality as the non-restricted units in locations that avoid segregation of such units, including equivalent ways to satisfy the requirement. Also evaluate adjusting the City’s allowable sales prices for deed-restricted affordable units per a variety of unit types.” 4. The replacement of Chapter 17.138 to Title 17 of the Municipal Code will not alter the character of the City or cause health safety or welfare concerns because the amendment is consistent with the General Plan and directly implements City goals and policies. Page 636 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 3 SECTION 2. Environmental Determination. The proposed amendments to the Municipal Code Title have been assessed in accordance with the authority and criteria contained in the California Environmental Quality Act (CEQA), the state CEQA Guidelines, and the environmental regulations of the City. Specifically, the proposed amendments have been determined to be exempt from further environmental review pursuant to CEQA Guidelines Section 15061(b)(3), the “Common Sense” exemption, because the proposed actions will have no possibility of a significant effect on the environment and will not cause impacts. In this case, the proposed repeal and replacement of the Inclusionary Housing Ordinance is consistent with State Law and the City’s 6th Cycle Housing Element and will not have an significant effect and project specific environmental review will be required. SECTION 3. Action. The Planning Commission hereby recommends the introduction of an ordinance to City Council to repeal and replace, in its entirety, Chapter 17.138, entitled “Inclusionary Housing Requirements”, of the San Luis Obispo Municipal Code as set forth in Exhibit A and incorporated herein. Upon motion of Commissioner Jorgensen seconded by Commissioner Hopkins and on the following roll call vote: AYES: Commissioner Francis, Commissioner Hopkins, Commissioner Jorgensen, Commissioner Munoz-Morris, Vice Chair Kahn, and Chair Quincey NOES: None REFRAIN: None ABSENT: Commissioner Wulkan The foregoing resolution was passed and adopted this 8th day of June 2022. _____________________________ Tyler Corey, Secretary Planning Commission Page 637 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 4 EXHIBIT A Chapter 17.138: Inclusionary Housing Requirements Sections: 17.138.010 – Purpose 17.138.020 – Applicability and Exclusions 17.138.030 – Definitions 17.138.040 – Inclusionary Housing Requirements 17.138.050 – Standards for Inclusionary Units 17.138.060 – In-Lieu Housing Fee 17.138.070 – Inclusionary Housing Proposal 17.138.080 – Procedures 17.138.090 – Eligibility Requirements 17.138.100 – Shared Equity Purchase Program 17.138.110 – Administration, Management, and Monitoring 17.138.120 – Enforcement 17.138.010 – Purpose The purpose and intent of this Chapter are: 1) to promote the public welfare by increasing the production and availability of affordable housing units; 2) to establish an inclusionary housing requirement which implements General Plan policies guiding land use and housing development; and 3) to ensure that affordable housing units established pursuant to the provisions of this Chapter are located in a manner that provides for their integration with market rate units. 17.138.020 – Applicability and Exclusions A. This Chapter shall apply to residential development projects consisting of five or more residential lots or new dwelling units. B. The following types of residential development projects are exempt: 1. Residential projects of four new units or less; 2. Residential additions, repairs, or remodels, provided that such work does not increase the number of existing dwellings by five or more dwelling units; 3. The addition or inclusion of Accessory Dwelling Units associated with an existing or proposed residential or mixed-use development; 4. Affordable housing projects in which 100 percent of the dwellings to be built will be sold or rented in conformance with the City’s Affordable Housing Standards (excluding any on-site manager unit); 5. Housing projects that include a density bonus. 6. Emergency projects or projects which the Council determines are necessary to protect public health and safety; 7. Development projects which the Director determines are essentially noncommercial or nonresidential in nature, which provide educational, social, or related services to the community and which are proposed by public agencies, nonprofit agencies, foundations, and other similar organizations; Page 638 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 5 8. Projects which replace or restore a structure damaged or destroyed by fire, flood, earthquake, or other disaster within three years prior to the application for the new structure(s) (see Chapter 17.92 Nonconforming Structure); 17.138.030 – Definitions For the purposes of this Chapter, the following words and phrases shall have the meaning set forth below. For all other definitions, the provisions of Article 9 (Definitions) of this Title shall apply. A. “Administrator” means Below Market Rate Program Administrator which may either be the City itself or a third-party administrator acting as an agent for the City in connection with all aspects of the operation of the City's Below Market Rate program pursuant to an Agreement entered into between the City and the Administrator, as such agreement may be amended or replaced from time to time. B. “Affordable” means housing which can be purchased or rented by a household with very low-, low-, or moderate- income, as described in the City’s affordable housing standards. C. “Below Market Rate (BMR)” means that the affordability level of an inclusionary unit is below the cost of what a current market rate unit would be and is affordable to extremely low-, very low-, low-, or moderate-income households. D. “Borrower” shall be defined as one who meets the eligibility requirements for purchasing an inclusionary affordable unit. E. “Commercial Linkage Fee” means the fee paid by the applicant of commercial development projects to mitigate the impacts that such developments have on the demand for affordable housing in the City (see Municipal Code Chapter 4.60). F. “Density bonus” means a density increase over the maximum density otherwise allowable under the Zoning Regulations, Chapter 17.140. G. “Early resale” shall mean the sale, lease, or transfer of property within seven years of the initial close of escrow for Equity Share Inclusionary Units. H. “Equity Share” shall mean the shared equity of appreciation between the City and the Borrower on inclusionary units when agreements specifically allow for affordable units to be sold at market-rate after a 7-year period. I. “Fee Schedule” means fees that for-sale and for-rent units are subject to and are paid to either the City or the Administrator for associated costs related to but not limited to eligibility screening, income verification, marketing of affordable units, and the close of escrow or completion of new lease agreements for affordable units. J. “Inclusionary housing unit” means a dwelling unit required under the provisions of this Chapter, and which meets the City’s affordable housing standards. K. “Low-” or “lower-income households” shall have the meaning set forth in Health and Safety Code Section 50079.5; provided the income of such persons and families shall not exceed 80 percent of the median income within the City as published and periodically updated by the State Department of Housing and Community Development. L. “Market rate” shall mean the highest price a willing buyer would pay and a willing seller would accept, both being fully informed and in an open market, as determined by an appraiser. Page 639 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 6 M. “Moderate-income households” shall have the meaning set forth in Health and Safety Code Section 50079.5; provided the income of such persons and families exceed 80 percent but are less than or equal to 120 percent of the median income within the City as published and periodically updated by the State Department of Housing and Community Development. N. “Commercial development project” shall mean development projects which result in the subdivision of land and/or the construction or conversion of structures for the purpose of conducting business, including but not limited to retail sales, restaurants, offices, gas stations, manufacturing, etc. O. “Residential development project” shall mean development projects which result in the subdivision of land and/or the construction or conversion of structures, including, but not limited to, single-unit attached or detached homes, apartments, condominiums, live/work units, mixed-use, mobile homes, transitional housing or supportive housing, and group housing. P. “Very low-income” shall have the meaning set forth in Health and Safety Code Section 50079.5; provided the income of such persons and families shall not exceed 50 percent of the median income within the City as published and periodically updated by the State Department of Housing and Community Development. 17.138.040 – Inclusionary Housing Requirements A. General Requirements. All non-exempt residential development projects shall include inclusionary units as required by this chapter. If the calculated number of units results in a fraction, the number shall be rounded as described in Section 17.138.080(A). 1. Construct the required number of inclusionary units for Residential or Mixed-Use projects; 2. Pay an in-lieu fee for Residential or Mixed-Use projects; or 3. Pay a commercial linkage fee (see Municipal Code Chapter 4.60) for new Non- Residential or Non-Residential portions of Mixed-Use project(s). B. Residential Requirements 1. Ownership Dwelling Units. Ten (10) percent of the dwelling units (see Section 17.138.080.A) shall be made available for sale to eligible households with five (5) percent for low-income households (fractional units may be rounded down to the next whole number) and five (5) percent for moderate-income households (fractional units may be rounded up to the next whole number). See Section 17.138.080.A for more information regarding fractional numbers. 2. Rental Dwelling Units. Six (6) percent of the dwelling units (see Section 17.138.080.A: Fractional Numbers) shall be made available for rent to eligible households with three (3) percent for very low-income households (fractional units may be rounded down to the next whole number) and three (3) percent for low-income households (fractional units may be rounded up to the next whole number). 3. In-Lieu Housing Fees. An applicant may pay in-lieu fees to the City rather than construct inclusionary units on site for residential projects that would create five (5) or more dwelling units or parcels (see Section 17.138.060: In-Lieu Housing Fee). Page 640 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 7 C. Non-Residential Requirements 1. Commercial, Office, Service, Hotel, Retail, Industrial, and Institutional Uses. An applicant shall pay a commercial linkage fee based on the gross square footage of the non-residential space in accordance with Municipal Code Chapter 4.60. D. Mixed-Use Development Requirements 1. Dwelling Units & Commercial Space. For mixed-use development with five or more dwelling units, the inclusionary housing requirement is determined in accordance with subsection B of this Section for all dwelling units in addition to subsection C of this Section for all new commercial square footage within the development project. For example, a for-rent mixed-use project includes twenty (20) residential units and 5,000 square feet of commercial space: the inclusionary requirement would be two (2) affordable units (20 x 6% = 1.2 rounded to 2) and a commercial linkage fee would be applied to the 5,000 square feet of commercial space. 2. Commercial Space. For mixed-use development with four or less residential units, only the base inclusionary housing requirement for non-residential square footage shall be provided in accordance with subsection C of this Section. For example, a for-rent mixed- use project includes four (4) residential units and 5,000 square feet of commercial space: a commercial linkage fee would be applied to the 5,000 square feet of commercial space. E. Residential Final Maps or Parcel Maps 1. Residential Subdivisions. Tentative Maps as defined in Chapter 16.10 “Tentative Maps” of the Municipal Code, that result in five (5) or more residential lots or parcels, which do not include any associated or required development plan, and are intended for independent development, shall pay the In-Lieu Housing Fee (see Section 17.138.060: In-Lieu Housing Fee) at the time of building permit submittal. 17.138.050 – Standards for Inclusionary Units A. Standards. Inclusionary units must meet the following standards: 1. Inclusionary units shall be dispersed throughout the residential development projects to prevent a concentration of affordable units within the development project. 2. Inclusionary units shall be consistent with the design of market rate units in terms of exterior appearance, materials, and finished quality. 3. The applicant may reduce square footage of inclusionary units as compared to the market rate units as long as the minimum square footage of the affordable units are no less than seventy-five percent of the average size of all market rate units in the residential development project with the same bedroom count. For the purpose of this subsection, the “average size” of a unit with a certain bedroom count equals the total square footage of all market rate units with that bedroom count in the residential development project divided by the total number of market rate units with the same bedroom count in the residential development project. 4. For residential development projects with multiple market rate unit types containing differing numbers of bedrooms, inclusionary units shall be representative of the market rate unit mix. For example, a for sale, residential project includes fifty (50) dwelling units; ten (10) three-bedroom units, twenty (20) two-bedroom units, and twenty (20) one- bedroom units. To represent the units within the residential project, the five (5) required inclusionary units would be one (1) three-bedroom, two (2) two-bedrooms and two (2) one-bedrooms. Page 641 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 8 5. The required inclusionary units shall be constructed concurrently with market rate units, unless an alternative development schedule is otherwise stipulated by the applicable Review Authority of the residential development project. 6. Inclusionary units shall be subject to the City’s and/or the Administrator’s Fee Schedule in accordance with Section 17.138.110. 17.138.060 – In-Lieu Housing Fee A. Payment of In-Lieu Fee. The developer may, at their discretion, choose to pay a fee, as established by a resolution of the City Council, to the City in lieu of constructing affordable units to meet their inclusionary housing requirement. B. In-Lieu Fee Calculation. In-lieu fees shall be calculated using the total square footage of new, habitable square footage, as defined by California Building Code, included within the residential development project. Final Maps or Parcel Maps shall pay the In-Lieu Housing Fees consistent with Section 17.138.040E., C. Affordable Housing Fund. In-lieu fees shall be calculated using the new, habitable square footage, as defined by California Building Code, included within the residential development project. Final Maps or Parcel Maps in-lieu fees shall be calculated at time of individual lot development using the new, habitable square footage included within the residential development project. D. Timing. In-lieu fees shall be paid prior to building permit issuance. For projects constructed in phases, in-lieu fees shall be paid in the proportion that the phase bears to the overall project. 17.138.070 – Inclusionary Housing Plan A. Application Requirements. An applicant proposing a project for which inclusionary housing is required shall submit a statement with their planning application or building permit (whichever applies), describing the project’s inclusionary housing plan. The statement shall include: 1. A project description that includes details regarding the proposed residential development project such as, but not limited to total number of dwelling units, number of bedrooms per dwelling unit, square footage of all units (both residential and commercial), type of project (rental or ownership), etc.; 2. A description of the inclusionary housing plan for each construction phase, including the method chosen to meet the inclusionary housing requirement and including all of the following information including but not limited to: a. Whether the unit is for sale or rental; b. The number, location, unit type, tenure, number of bedrooms and baths, floor plan, construction schedule of all inclusionary units; c. Preliminary calculation of in-lieu fees or commercial linkage fee as applicable; d. Other information which the Director determines necessary to adequately evaluate the proposal. Page 642 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 9 17.138.080– Procedures A. Fractional Numbers. In determining the number of dwellings that are required to be built pursuant to Section 17.138.040.B fractional units shall be rounded up to the next higher whole number unit. If a project contains 10 units or less and the number of required inclusionary dwellings results in a fractional unit, an applicant may pay the in-lieu fee for the fractional unit or provide one Moderate affordable unit in the project. For example, a residential project proposes to construct six (6) dwelling units for rent. Per Section 17.138.040, the project would have an inclusionary housing requirement of 0.36. The applicant may pay an in-lieu fee for the fractional amount or deed restrict one of the six (6) dwelling units for Moderate-income households. B. Affordable Housing Agreement. The applicant shall complete and sign an Affordable Housing Agreement. 1. Submittal of an Affordable Housing Agreement. Applicants of residential development projects subject to this Chapter shall submit an affordable housing agreement on forms provided by the City and pay a processing and recordation fee. 2. Timing. All building permits for inclusionary units in a residential development project shall be issued concurrently with, or prior to, issuance of building permits for the market rate units. 3. Construction Schedule. The inclusionary units shall be constructed concurrently with, or prior to, construction of the market rate units, unless otherwise stipulated by the applicable Review Authority of the residential development project. Occupancy permits and final inspections for inclusionary units in a residential development shall be approved concurrently with, or prior to, approval of occupancy permits and final inspections for the market rate units. 4. Review and Approval. The draft agreement shall be reviewed by the Director and City Attorney for compliance with project approvals, City policies and standards, and applicable codes. Following approval and signing of the agreement by the parties, the final agreement shall be recorded, and relevant terms and conditions shall be recorded as a deed restriction on those lots or affordable units subject to affordability requirements. The affordable housing agreement shall be binding to all future owners and successors in interest. 5. Term. The affordable housing agreement shall ensure that affordability is maintained for the longest period allowed or required by State law, but not less than 45 years for ownership and 55 years for rental. 6. Exemption for In-Lieu Fee Payment. An affordable housing agreement shall not be required for projects which meet their inclusionary housing requirement through the payment of in-lieu fees. 17.138.090 – Eligibility Requirements A. Program Requirement. Only households qualifying as extremely low-, very low-, low-, or moderate income, pursuant to the affordable housing standards, shall be eligible to rent, purchase, or occupy inclusionary units developed or funded in compliance with this requirement. For-sale inclusionary housing units shall be owner-occupied for the term of the affordable housing agreement. Page 643 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 10 B. Eligibility Screening. The City or an Administrator designated by the City shall screen prospective renters or buyers of affordable units. Buyers of affordable units shall enter into an agreement with the City. Occupants must be selected by means of an open, public process which ensures that individuals of a group of interested participants are selected in accordance with the City’s BMR Ownership and Rental Housing Guidelines. Private selection of individuals by project owners is not permitted for any affordable units. 17.138.100 – Shared Equity Purchase Program When a residential development project includes affordable housing units for sale in excess of the inclusionary housing requirement for the project, the additional units may be offered under the Shared Equity Purchase Program. A. Under this program, the qualified buyer of a designated affordable dwelling unit shall enter into a shared equity agreement with the City. Said agreement shall be recorded as a lien against the purchased property, at no interest, securing and stating the City’s equity share in the property. The City’s equity share shall be calculated by the Director, and shall be the decimal percentage of the property’s value resulting from: 1. The difference between the property’s market value and the actual price paid by the homeowner, divided by the market value; and/or, when applicable 2. The amount of subsidy provided by the City to the homeowner to purchase the property, divided by the property’s market value. B. Upon sale, the City’s equity share shall be repaid to the City from the proceeds of the sale, less the City’s percentage share of title insurance, escrow fees, and documentary transfer taxes, at the close of escrow. The proceeds from the sale shall be deposited into the City’s Affordable Housing Fund and shall be used for the purposes set forth in Health and Safety Code § 33334.2(e). C. In the event of “early resale,” owners of properties subject to the Shared Equity Purchase Program shall either: (1) pay an equity recapture fee to the City as described in the schedule below, in addition to the City’s equity share, or (2) sell the property to another eligible household. If the owner chooses to pay the equity recapture fee, the recapture fee shall be paid to the City upon resale at close of escrow, based on the following schedule: Table 8-1: Percent of Equity Build-up Recaptured Year % of Equity Build-up Recaptured 0 – 3 100% 4 75% + City’s Equity Share 5 50% + City’s Equity Share 6 25% + City’s Equity Share 7 and after 0% + City’s Equity Share The recapture amount shall be determined prior to the calculation of escrow closing costs. Page 644 of 753 Planning Commission Resolution No. PC-1061-2022 CODE-0261-2022 (Citywide) Page 11 17.138.110 –Administration, Management, and Monitoring Inclusionary rental and owner units shall be managed and operated by the property owner, or the owner’s agent, for the term of the affordable housing agreement. Sufficient documentation shall be submitted to ensure compliance with this Chapter, to the satisfaction of the Director. A. Duties of Program Administrator. The City may either handle in-house or contract for administration of the BMR Ownership Housing Program and monitoring compliance with the requirements of this Chapter to a program Administrator pursuant to an agreement executed between the City and the Administrator in accordance with the approved fee schedule. At a minimum, the Administrator shall perform the following services: 1. Maintain and administer the City’s BMR Ownership and Rental Housing Guidelines and Affordable Housing Standards. 2. Screen and select qualified buyers and renters according to the City’s Ownership and Rental Housing Guidelines and Affordable Housing Standards and maintain qualified owner and renter eligibility list; 3. Maintain a list of eligible mortgage lenders for financing the purchase of inclusionary units in accordance with the BMR Ownership Housing Guidelines; 4. Market new and vacant BMR for-sale and rental units within the City’s affordable housing inventory. 5. Monitoring compliance with terms and conditions of the occupancy and sale restrictions; 17.138.120 – Enforcement A. Enforcement. No final subdivision map shall be approved, nor building permit issued, nor shall any other development entitlement be granted for a residential development project subject to this Chapter that does not meet these requirements. No inclusionary unit shall be rented or sold except in accordance with these requirements and the affordable housing standards. Page 645 of 753 Page 646 of 753 M EMORANDUM To: Tyler Corey, Deputy Director of Community Development From: Ashleigh Kanat, Principal Subject: Effect of CCCI Increase and Implications for the Inclusionary Housing Ordinance Update; EPS #191142 Date: July 8, 2022 Based on Municipal Code 4.56.040, the Development Impact Fee schedule is evaluated and established each year (to be effective July 1 of each year) in conformance with the California Construction Cost Index (CCCI) as published by the California Department of General Services. The percent increase from April 2021 to April 2022 is 24.5%. In the absence of market context, an annual fee increase of 24.5% is extraordinary. However, the CCCI is tied to construction cost data that is tracked by the California Department of General Services, and, in general, we are in a time of substantial inflationary pressures. Policy Justification The policy reason for annual indexing based on changes in construction costs is to ensure the City can continue to use fee revenue to fund required capital improvements even as construction costs increase over time. Without annual indexing, the City’s ability to fund infrastructure projects to mitigate the effects of new development would erode, even though the City’s obligation to deliver those projects would remain. When the City adopts an impact fee program, there is an implied commitment to deliver the identified capital improvements. If the fee revenue does not keep pace with increases in construction costs, other sources of revenue, including the General Fund, would be required. Relationship to Residential Values and Feasibility If the value of homes (based on transaction data) in San Luis Obispo was static (i.e., did not change during the past year), there would be particular cause for concern with the July 1, 2022 increase because residential developers would have to absorb increases in construction costs and increases in development impact fees without the possibility of recovering those cost increases in the final sales price (or through Page 647 of 753 Memorandum July 8, 2022 Effect of CCCI Increase Page 2 Z:\Shared\Projects\Oakland\191000s\191142_SLO_AH_Fees\Deliverables\191142_DraftMemo_market context_2022Jul08.docx increases in rental revenue). This would almost certainly have the effect of discouraging new development from occurring. However, based on Redfin calculations of home data from MLS and/or public records, the median home price increased 26.3 percent year-over-year, as of May 2022. In May of 2021, the median home price was approximately $794,000; twelve months later (in May 2022), the median home price is $1,002,716. While the inflationary pressures in the economy are challenging, so long as market prices of new development (residential home prices and rents and commercial rents) are also increasing, concerns about the fee increases having a negative impact on feasibility are reduced, as both costs and values are increasing proportionally. Page 648 of 753 Attachment G: Affordable Housing Analysis and Recommendations 2020 Affordable Housing Nexus Study A lot has changed since 1999 and as a part of the 2019-21 Financial Plan a core priority identified in the Housing and Homelessness Major City Goal (MCG) work scope and action plan was to complete an Affordable Housing Nexus Study to establish a rational nexus between market-rate residential development and nonresidential development and the need for affordable housing in the City as required by law. The last time a similar study was completed was in 2004. In 2020 the City hired consultant David Paul Rosen and Associates (DRA) to complete an Affordable Housing Nexus Study. The Study confirmed that both market-rate residential and commercial development are inducing demand for affordable housing that is not being met by the current housing market. The Nexus Study recommendation is based on the maximum justifiable Nexus fees the City could implement to meet the affordable housing demand incurred by current development. Overall, the Study recommended that the City adopt fees less than the maximums because fees at these high levels would affect the financial feasibility of development as well as the competitiveness of development in the City. It should be noted that while incomes increased since the Nexus Study was completed, development costs have increased more – that broadening gap would result in still-higher nexus-maximum fees. Recommendations from the Nexus Study are provided below in Table 1. Following completion of the Nexus Study, the City began work on updating the City’s Housing Element consistent with State law. On November 17, 2020, the City Council adopted the 6th Cycle Housing Element, which includes the City’s Regional Housing Needs Allocation (RHNA)1, and housing policies and programs for the 2020-2028 planning period. Program 2.13 in the 6th Cycle Housing Element specifically requires that City staff update the Inclusionary Housing Ordinance based on the information provided in the Nexus Study. 1 The City’s projected housing need during the Housing Element planning period is determined through the RHNA allocation process, based on projected Statewide growth in households as determined by the California Department of Housing and Community Development (HCD), and regionally allocated through the San Luis Obispo County Council of Government (SLOCOG). The total housing need for each jurisdiction is distributed among income categories and included in the Housing Element so that plans, policies, and standards may be created to help meet needs within the elements planning term. The City has a RHNA of 3,354 total housing units to plan for in the 6th cycle, with 826 allocated for the Very Low Income Category, 520 in the Low Income Category, 603 in the Moderate Income Category and 1,406 in the Above Moderate Income Category. In 2021, the City met its total allocation for “Above Moderate” housing units, issuing 472 permits for that category in 2021 and 1,411 in the last 3 years. This leaves 1,735 units needed to meet the 6th Cycle RHNA allocation, with 44% reserved for Extremely Low and Very Low Income, 22% for Low, and 34% for Moderate. Page 649 of 753 Attachment G Affordable Housing Analysis and Recommendations Page 2 2022 Feasibility Analysis The Nexus Study provides the connection for requiring additional affordable housing as a part of new development but did not take into account what amount of affordable housing would be feasible in a new development. In April 2021, the City hired Economic & Planning Systems, Inc. (EPS) to conduct a feasibility analysis of the City’s proposed affordable housing requirements and in-lieu fees and commercial linkage fees based on the findings and recommendations included in the Nexus Study and market factors. EPS tested the feasibility of a range of inclusionary requirements and affordable housing fee levels by preparing financial pro formas reflecting the expected costs of new development, based on the Nexus Study and supplemental market research, and comparing those costs to the revenues that could be generated given the various mixes of market-rate and affordable housing and/or fee levels. Based on this analysis, EPS recommended several revisions to the City’s existing affordable housing inclusionary program for new residential and mixed-use development and introduced a nexus-based commercial linkage fee for non-residential uses based on their feasibility analysis. EPS developed a preliminary recommendation for changes to the City’s Inclusionary Housing Ordinance based on their Feasibility Analysis, which was presented to City Council on March 1, 2022. A summary of the EPS recommendations is provided below in Table 1. Summary Comparison of Affordable Housing Analysis and Recommendations: Table 1 provides a comparison between the City’s current IHO, the recommendations from the Nexus Study and Feasibility Analysis. Table 1: Comparison of the City’s Current IHO, the 2020 Nexus Study’s recommendation, and the recommendation based on EPS’ feasibility analysis. Current IHO Nexus Study Recommendation Feasibility Analysis Recommendation Where the IHO applies Requirements differ within City Limits and Expansion Areas Same requirements Citywide (no distinction between City Limits vs. Expansion Areas) Same requirements Citywide (no distinction between City Limits vs. Expansion Areas) Table 2A Adjustments Applies to projects that qualify Remove Remove Residential For Sale Within City Limits: 3% low or 5% moderate income Expansion Area: 5% low and 10% moderate income Citywide: 15% (5% at low and 10% at moderate) Citywide: 10% (5% low-income units and 5% moderate income) Page 650 of 753 Attachment G Affordable Housing Analysis and Recommendations Page 3 Current IHO Nexus Study Recommendation Feasibility Analysis Recommendation For Sale In- lieu Fee Within City Limits: 5% of building valuation Expansion Area: 15% of building valuation Citywide: Apply on a square foot basis (no specific amount recommended) Citywide: $25 per square foot For Rent Within City Limits: 3% low or 5% moderate income Expansion Area: 5% low and 10% moderate income Citywide: 15% very low- and low-income units (5% very low and 10% at low) Citywide: 6% (3% very low-income and 3% low-income) For Rent In- lieu Fee Within City Limits: 5% of building valuation Expansion Area: 15% of building valuation Citywide: Apply on a square foot basis (no specific amount recommended). Maximum Justifiable Nexus fees: $48.33 - $113.99 per square foot Citywide: $20 per square foot Commercial Commercial Development Within City Limits & Expansion Area: 2 affordable units per acre or 5% of building valuation Citywide: Maximum justifiable nexus fees: $69- 173 per square foot. Recommended Fee Range (based on other jurisdictions): Other Non-residential Uses: $2 to $5 per square foot Industrial Uses: $1 to $4 per square foot Citywide: Office, service, hotel, and retail uses: $5 per square foot Industrial and Institutional Uses: $4 per square foot Page 651 of 753 Page 652 of 753 Introduce two ordinances and related resolutions that: 1) Repeal and Replace Chapter 17.138 (Inclusionary Housing Ordinance) and 2) Amend Title 4 to Add Chapter 4.60 (Commercial Linkage Fee) City Council July 19, 2022 Inclusionary Housing Ordinance (IHO) Update 2 The IHO is the City’s primary tool for providing affordable housing integrated with market-rate housing. Inclusionary Housing Ordinance (IHO) Update 3 Middle of the road proposal to increase production of deed-restricted affordable housing in the City. Council policy focus should be on the percentage of affordable housing required for for-sale and rental projects. Commercial linkage fee designed to replicate existing in-lieu fee. Table 2A 4 Recent actions to incentivize smaller footprint housing: Zoning Regulations update for compatible infill development Objective Design Standards Streamlined Development Review Tiered Impact Fee Structure for TIF,Water,Sewer Allowed MU development in all C-S and M zones Based on PC recommendation: Direct staff to add similar incentives to support success of other policy projects Seek other funding sources to provide even more affordable housing Housing Options in the Works 5 IHO is one piece of the puzzle Major City Goal task list: Flexible Density Downtown Missing Middle Housing Subdivision Regulations Update Alternatives intended to address concerns CAR Alternative #2 (for sale 8%and $20/s.f.option) Flexible application of design criteria Expanded use of fractional units JADU exemption Recommendation 6 Planning Commission recommends the following actions: 1.Introduce a draft Ordinance approving the repeal and replacement of the City of San Luis Obispo’s Municipal Code Chapter 17.138 (Inclusionary Housing Requirements)to update regulations for consistency with the 6th Cycle Housing Element with an exemption from Environmental Review (CEQA);and 2.Introduce a draft Ordinance amending Title 4 of the City of San Luis Obispo Municipal Code to add Chapter 4.60 to establish a Commercial Linkage Fee with an exemption from Environmental Review (CEQA)”;and 3.Adopt a Resolution amending Inclusionary Housing In-Lieu Fees in accordance with Chapter 17.138 of Title 17 and establishing the amounts of Commercial Linkage Fees in accordance with Chapter 4.60 of Title 4 of the San Luis Obispo Municipal Code and amending the Comprehensive Fee Schedule.” Recommendation 7 Planning Commission recommends the following direction to staff: 4.Direct staff to develop new incentives for housing developers to ensure the success of Housing Element Programs such as Flexible Density Downtown, Missing Middle Housing,and SB9/Subdivision Regulations Update;and 5.Direct staff to investigate grants and other options for funding of additional affordable housing programs,such as a First-Time Homebuyers Program. Housing Element 8 ▪2019-2020 6th Cycle Housing Element Update ▪Program 2.13:Update the Inclusionary Housing Ordinance, including Table 2A,based on findings and recommendations in the 2020 Affordable Housing Nexus Study and conduct further feasibility analysis in order to evaluate the City’s ability to provide affordable housing in the proportions shown in the Regional Housing Needs Allocation,per Policy 2.4. ▪High Priority Program Implementation ▪July 2022 adoption date Housing Element 9 ▪Approximately 100 individuals participated in an in-person workshop and online survey and identified affordable housing as the type of housing needed most and the biggest housing issue of the community. Housing Element 10 ▪Goal 2:Affordability -Accommodate affordable housing production that helps meet the City’s Quantified Objectives (RHNA). ▪Goal 4:Mixed-Income Housing -Preserve and accommodate existing and new mixed-income neighborhoods and seek to prevent neighborhoods or housing types that are segregated by economic status. ▪Goal 6:Housing Production -Facilitate the production of housing to meet the full range of community housing needs. *RHNA -Regional Housing Needs Allocation Housing Element 11 Major City Goals 12 ▪Housing and Homelessness:The City will prioritize new and ongoing Housing Element policies and programs that focus on facilitating the increased production of affordable and workforce housing,in addition to market rate housing;… ▪Diversity,Equity &Inclusion:In response to our commitment to making San Luis Obispo a more welcoming and inclusive city for all,continue to develop programs and policies to support diversity,equity,and inclusion initiatives and advance the recommendations of the DEI Task Force. ▪April 2020:Nexus Study presented to Council. ▪Determined that both residential and commercial development are creating demand for affordable housing that is not being met by the housing market. ▪March 2022:Preliminary recommended amendments to IHO based on the Feasibility Analysis presented to Council as part of a Study Session. ▪The recommendation included revisions to the City’s existing affordable housing inclusionary program and introduced a nexus-based commercial linkage fee for non-residential uses. Nexus Study & Feasibility Analysis 13 Staff received the following comments: ▪Proposed development will be serving a different market than the time studied. ▪Outside forces including inflation,supply chain issues,processing delays and changes in Fed policy all impact our local housing market. ▪The analysis has cherry-picked data and market factors from a very favorable period of time,which no longer exist,or would not exist over the term of the ordinance. Relevance of the Nexus Study and the Feasibility Analysis 14 Attachment F: ▪While the inflationary pressures in the economy are challenging,so long as market prices of new development (residential home prices and rents and commercial rents)are also increasing, concerns about the fee increases having a negative impact on feasibility are reduced, as both costs and values are increasing proportionally. Relevance of the Nexus Study and the Feasibility Analysis 15 Proposed IHO Amendments 16 Current IHO Proposed Amendments Where the IHO applies Requirements differ within City Limits and Expansion Areas Citywide Table 2A Adjustments Applies to projects that qualify Remove (requirement no longer adjustable) Residential For Sale Within City Limits: 3% low or 5% moderate income Expansion Area: 5% low and 10% moderate income 10% (5% low-income units and 5% moderate income) For Sale In-lieu Fee Within City Limits: 5% of building valuation Expansion Area: 15% of building valuation $25 per square foot For Rent Within City Limits: 3% low or 5% moderate income Expansion Area: 5% low and 10% moderate income 6% (3% very low-income and 3% low-income) For Rent In-lieu Fee Within City Limits: 5% of building valuation Expansion Area: 15% of building valuation $20 per square foot Commercial Commercial Development Within City Limits & Expansion Area: 2 affordable units per acre or 5% of building valuation Office, service, hotel, and retail uses: $6 per square foot Industrial and Institutional Uses: $5 per square foot Projects that have been entitled,deemed complete,have vesting rights,or have submitted a complete building permit will not be subject to the amended Inclusionary Housing Ordinance. Applicability 17 The purpose of the IHO update is to produce more affordable housing. Table 2A was established to encourage projects with higher density and smaller unit sizes and be sold or rented to households that meet moderate-or lower-income standards. However,in practice Table 2A has not produced affordable housing. The policy decision for the City Council is about how much affordable housing the City should require as a percentage of market-rate housing development. The feasibility analysis that the current recommendation was based on indicates that development would be financially feasible with the proposed affordable housing percentage requirements. Table 2A 18 Housing Opportunities 19 ▪The Inclusionary Housing Ordinance is only one tool that the City utilizes to achieve housing objectives. ▪Additional tools the City utilizes are: ▪Density Bonus Projects (Exempt from IHO) ▪A streamlined Development Review process ▪Objective Design Standards ▪Ministerial review of ADUs and JADUs ▪SB 9 ▪Minimum density allowances ▪Fractional density units ▪Tiered impact fee structure that incentivizes smaller units ▪The City is also working on 3 additional programs,Missing Middle,Flexible Density, Subdivision Regulations updates to support additional housing within the City. Council Direction Items 20 The Planning Commission recommended the City Council give direction to staff to: ▪Build-in exclusions or adjustments to IHO requirements for key Housing Element programs,such as the pending Missing Middle and Flexible Density programs,when brought forward for consideration. ▪Investigate grants and other options for funding of additional affordable housing programs. Alternatives 21 ▪Reduced Requirement:If the Council majority decides that a reduced affordable housing requirement best balances all policy considerations,staff would recommend reducing the for-sale requirement from 10%to 8 %(3%low and 5%moderate).In addition,this change should be made together with a reduction in the in-lieu fee amount from $25 per square foot,to $20 per square foot to maintain consistency with the feasibility analysis. ▪Fractional Numbers:If a majority of City Council would like parity for projects larger than 10 units then the proposal to allow fractional units to pay in-lieu fees for projects less than 10 units could be expanded to all projects, regardless of size. Alternatives 22 Flexibility in Style and Location of Affordable Housing Units:If a majority of the City Council would like more flexibility in the application of these standards, changes can be proposed,or direction can be provided to the Community Development Director to approve proposals that meet the intent of this section.The Director’s authority to interpret the code is provided in Zoning Regulations Section 17.04.020.A. JADUs Exemption:If the Council majority decides that JADUs should be exempt from the IHO,staff recommends the following language highlighted below be added to Section 17.138.020.A(2): “The addition or inclusion of Accessory Dwelling Units (ADUs)or Junior Accessory Dwelling Units (JADUs)associated with an existing or proposed residential or mixed-use development; Recommendation 23 1.Introduce a draft Ordinance approving the repeal and replacement of the City of San Luis Obispo’s Municipal Code Chapter 17.138 (Inclusionary Housing Requirements)to update regulations for consistency with the 6th Cycle Housing Element with an exemption from Environmental Review (CEQA); and 2.Introduce a draft Ordinance amending Title 4 of the City of San Luis Obispo Municipal Code to add Chapter 4.60 to establish a Commercial Linkage Fee with an exemption from Environmental Review (CEQA)”;and 3.Adopt a Resolution amending Inclusionary Housing In-Lieu Fees in accordance with Chapter 17.138 of Title 17 and establishing the amounts of Commercial Linkage Fees in accordance with Chapter 4.60 of Title 4 of the San Luis Obispo Municipal Code and amending the Comprehensive Fee Schedule.” 4.Direct staff to develop new incentives for housing developers to ensure the success of Housing Element Programs such as Flexible Density Downtown,Missing Middle Housing,and SB9/Subdivision Regulations Update;and 5.Direct staff to investigate grants and other options for funding of additional affordable housing programs, such as a First-Time Homebuyers Program. Additional Slides 24 Current IHO Requirement 25 On March 1,2022,staff presented the preliminary recommended amendments to the IHO and Council provided the following comments: 1.Supported the removal of Table 2A (Inclusionary Housing Adjustment Factors). 2.Agreed that inclusionary housing requirements be based on project type,rather than zoning or location. 3.Supported an increased Commercial Linkage fee. 4.Agreed with the list of duties of a BMR Administrator,and provided further guidance to work with the BMR Administrator to establish the following: Local preference for San Luis Obispo residents or employees,or others who often commute to the city;and Long term affordability (maintaining deed-restricted units as long as possible). 5.Directed staff to continue outreach with various stakeholders and the community. Council Study Session: Preliminary Recommendation 26 1010 Marsh St., San Lui (805) 546-8208 . FA; PROOF OF PUBLICATION (2015.5 C.C.P.) STATE OF CALIFORNIA, County of San Luis Obispo, I am a citizen of the United Stares and a resident of the county aforesaid; I am over the age of eighteen years, and not a party interested in the above entitled matter. I am the principal clerk of the printer of the New Times, a newspaper of general circulation, printed and published weekly in the City of San Luis Obispo, County of San Luis Obispo, and which has been adjudged a newspaper of general circulation by the Superior Court of the County of San Luis Obispo, State of California, under the date of February 5, 1993, Case number CV72789: that notice of which the annexed is a printed copy (set in type not smaller than nonpareil), has been published in each regular and entire issue of said newspaper and not in any supplement thereof on the following dates, to -wit: in the year 2022 I certify (or declare) under the the penalty of perjury that the foregoing is true and correct. Dared at San Luis Obispo, C alifornia, this day :- of // �,200222. i 7 I u� Patricia Horton, New Times Legals Adiw�&PertnnilLM1 rMG AAWi NT GO-IBU51NMI blk?lmeai Proo(o( Nb IdaSAN LUIS OBISPO CITY COUNCIL NOTICE OF PUBLIC HEARING The San Luis Obispo City Council invites all interested persons to attend a public hearing on Tuesday, July 19, 2022 with Closed Session at 5:09 p.m. and the Regular Meeting beginning at 6.,00 p.m. held in the Council Chambers at City Hall, 990 Palm Street, San Luis Obispo. Please note that Zoom participation will not be supported, as this will be an in -person meeting. Meetings can be viewed remotely on Government Access Channel 20 or streamed live from the City's YouTube channel at httpl/voutube slo city. Public comment, prior to the start of the meeting, may be submitted in writing via U.S. Mail delivered to the City Clerk's office at 990 Palm Street, San Luis Obispo, CA 93401 or by email to emailcouncil®slocitv ora PUBLIC HEARING ITEMS. - The City Council will consider entering into a Mills Act Historical Property Preservation Contract with the owners of a Master List Property located at 211 Charm Street, known as the "Muller- Noggle House and Garage" (HIST-0174-2022). For more information, you are invited to contact Graham Buftema of the City'; Community Development Departmental (805) 781-7111 orbyemail at gbuftemafslocrrvora • A Public Hearing to Introduce an Ordinance to repeal and replace Chapter 17.138 (Inclusionary Housing Requirements) of Title 17 (Zoning Regulations) of the City of San Luis Obispo Municipal Code. The purpose of this Ordinance is to update regulations for consistency with the 6th Cycle Housing Element, amend Title 4 (Fees) to add Chapter 4.60 (Commercial Linkage Fees) to establish a Commercial Unkage Fee, amend Inclusionary Housing In-Ueu Fees in accordance with Chapter 17.138 (Inclusionary Housing Requirements) of Title 17 (Zoning Regulations), establish the amounts of Commercial Linkage Fees in accordance with newly added Chapter 4.60 (Commercial Linkage Fees) of TNe 4 (Fees), and amend the Comprehensive Fee Schedule. (CODE-0261-2022) For more information, you are invited to contact Rachel Cohen of the Drys Community Development Department at f805)781-7574 orby email at tcphenftlocity.ora. The City Council may also discuss other hearings or business items before or after the items listed above. If you challenge the proposed project in court, you may be limited to raising only those issues you or someone else raised at the public hearing described in this notice, or in written correspondence delivered to the City Council at, or prior to, the public hearing. Council Agenda Reports for this meeting will be available for review one week in advance of the meeting date on the Citys website, under the Public Meeting Agendas web page: htmslfwww slocdv orgligovernment/m avor-a nd & itv-counciUaaendas- and-minutes. Please call the City Clerk's Office at (8051781-7100 for more information. The City Council meeting will be televised live on Charter Cable Channel 20 and live streaming on the City's YouTube channel httoWyoutube slo.cit . July7,2022