HomeMy WebLinkAbout7/18/2017 Item 14, Cross
Purrington, Teresa
From:Brett Cross <brettcross@yahoo.com>
Sent:Sunday, July
To:E-mail Council Website
Subject:Maintaining Housing Affordability
Dear Council members,
I think it safe to say that there are real concerns regarding the affordability of new housing that is being planned for the
City, including San Luis Ranch and Avila Ranch. And rightly so. Long term affordability has been pretty non-existent in
San Luis Obispo which isn't uncommon throughout coastal communities in California..
The developer of the San Luis Ranch project has promoted this project as "Workforce" housing and has indicated that the
project would be selling at "Workforce" prices during the presentation to the City Council. The small lot subdivision that is
being proposed is also meant to be affordable by design.
Like almost any development, going back any number of year you wish, the housing may be affordable to the original
purchasers but subsequent sales can quickly make the housing unaffordable to the community quite quickly.
The small lot subdivision that is being proposed is meant to be affordable by design alone, along with other developer
proposed concepts. However, not only to assure long term affordability, but sales pricing affordability I believe
the Council should require the selling and rental prices to conform with the "Workforce" Housing maximum sales and
rental prices that are used by the County of San Luis Obispo.
Additionally, deed restrictions should be included for both owner occupied and rental units. For owner occupied units a 10
year deed restriction that requires the sales price to be in conformance with the County of San Luis Obispo's Housing
Affordability Standards. All sales within the 10 year window would: 1. Require that the sales price meet the County
Housing Affordability Standards, and 2. That the 10 year deed restriction would be reset with the timeline beginning for the
new purchaser for a period of 10 years. For rental units a 15 year deed restriction should be required. Sales of rental
property would again reset the time line that the unit meet the County Affordability Standards. For all units under deed
restriction the timeline for owner occupancy or rental units would correspond to the new occupancy type.
Sincerely,
Brett Cross
1217 Mariners Cove
San Luis Obispo, CA
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