HomeMy WebLinkAbout6/8/2022 Item 5a, Brennan
Delgado, Adriana
Jocelyn Brennan <jocelyn@thehrmcorp.com>
Sent:Tuesday, June 7,
To:Advisory Bodies
Subject:Item 4A
Attachments:Item 4A SLO IHO amendment SLOCAOR.pdf
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See letter attached from the SLO Coastal Association of REALTORS re item 4A IHO amendments.
Sincerely,
Jocelyn Brennan
Government Affairs Director
cell/text (805) 748-7630
Jocelyn@thehrmcorp.com
1
San Luis Obispo Coastal Association of REALTORS
830 Morro Bay Blvd, Morro Bay, 93442 CA
Planning Commission of San Luis Obispo
990 Palm Street
San Luis Obispo, CA 93401
Honorable Commissioners,
We are the San Luis Obispo Coastal Association of REALTORS, a committed group of over 700 real
estate professionals fighting to keep the dream of homeownership alive in San Luis Obispo and
the Central Coast. We value homeownership, private property rights, free enterprise, and a
responsive government. We are concerned about the current and future affordability of the
Central Coast for those who live, work, and travel to our beautiful region.
We are writing to provide our perspective on the proposed repeal and reform of the city’s
Inclusionary Housing Ordinance (IHO).
We echo the concerns of the San Luis Obispo Chamber of Commerce , and their committee
members from the building community, regarding the potential impact this proposed ordinance
will have on the overall production of housing in our region . As the primary job center for the
county of San Luis Obispo, the City has a responsibility to facilitate housing that is accessible to
all income levels.
While the increased production of deed-restricted housing for our neediest residents is an
admirable goal that we support, it should not disincentivize or come at the expense of building
more homes. The lack of capacity will only increase the price of hous ing and counteract the
effects of producing more deed-restricted units.
We are also in agreement with the SLO Chamber in updating, rather than repealing, Table 2A.
This program has produced housing that would otherwise have been infeasible. While the pr ice
of new housing can be stark in comparison to older homes, adding costs to these projects (by
removing Table 2A) is counterproductive to the goal of bringing down their market price. We are
concerned that the IHO as proposed will prevent the production of market-rate homes and thus
perpetuate the effects of continued scarcity of homes overall.
If homeownership is to be more accessible, we must advance the increase housing supply at all
levels. We support updating Table 2A and ask that you continue to work with the private sector,
non-profit housing, and local stakeholders on an IHO that will incentivize housing development
and work create a stable long-term funding source for low-income housing.
Sincerely,
San Luis Obispo Coastal Association of REALTORS