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HomeMy WebLinkAbout10-03-2017 Item 14 - Letter of Support for Inclusionary Housing Meeting Date: 10/3/2017 FROM: Michael Codron, Community Development Director Prepared By: Jenny Wiseman, Acting Housing Programs Manager SUBJECT: DISCUSSION OF CITY SUPPORT FOR COUNTY OF SAN LUIS OBISPO INCLUSIONARY HOUSING PROGRAM RECOMMENDATION 1. Discuss the public policy purpose of an Inclusionary Housing Program; and 2. Consider authorizing City staff to prepare a letter to the County Board of Supervisors regarding the County’s Inclusionary Housing Program to be signed by Mayor Harmon. DISCUSSION At the September 19th City Council Meeting, staff was directed to return with information regarding the County of San Luis Obispo’s Inclusionary Housing Program update so that Council could consider sending a letter of support to the County Board of Supervisors. What is Inclusionary Housing? The purpose of inclusionary housing is the promote the public welfare by increasing the production and availability of affordable housing units. An inclusionary housing program establishes an affordable housing requirement for new residential and commercial projects within a community. Most commonly, these requirements are based on a certain percentage of units built, or the size of a commercial project, and are satisfied by providing units or paying fees in-lieu of affordable units. City of San Luis Obispo Inclusionary Housing The City of San Luis Obispo has had a successful inclusionary housing policy since 1999. The policy and ordinance requirement are contained in Zoning Regulations Chapter 17.91, and based on Housing Element Table 2 and Table 2a. Developers whose projects are subject to the inclusionary housing requirement have the option to either construct the units within their projects, dedicate land for the units to be built offsite, or to pay an affordable housing in-lieu fee. All in-lieu fees collected go into the City’s Affordable Housing Fund (AHF) and are issued at the Council’s discretion as low interest loans or grants to developers building affordable housing in the community. Since 1999, approximately 280 affordable dwelling units have been built and over $10 million in affordable housing in-lieu fees have been collected. The City has awarded over $9 million in grants and loans to 16 affordable housing developments. The reality is that inclusionary housing fees are leveraged and used to match and obtain grants and provide strategic partnerships with housing providers. In addition, over 200 new affordable inclusionary units will be developed in specific plan areas over the next five to ten years. The following tables are the City’s inclusionary housing requirements. Packet Pg 355 14 Table 2A Inclusionary Housing Adjustment Factors Project Density (Density Units/Net Acre)1 Inclusionary Housing Requirement Adjustment Factor2 Average Unit Size (sq. ft.) Up to 1,100 1,101-1,500 1,501-2000 2,001-2,500 2,501- 3,000 >3,000 36 or more 0 0 .75 1 1.25 1.5 24-35.99 0 0 .75 1 1.25 1.5 12-23.99 0 .25 1 1.25 1.5 1.75 7-11.99 0 .5 1 1.25 1.5 1.75 <7 0 .5 1.25 1.5 1.75 2 1Including allowed density bonus, where applicable. 2Multiply 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. Packet Pg 356 14 Due to continued uncertainty at the state and federal level in terms of funding, the City’s Affordable Housing Fund and Inclusionary Housing Program continue to be key factors in the development of affordable housing in the City, and a crucial financing mechanism for Low Income Tax Credit projects developed by our non-profit housing partners (such as the Housing Authority of San Luis Obispo and People’s Self Help Housing). County of San Luis Obispo’s Inclusionary Program The County adopted Title 29, the Affordable Housing Fund and the Inclusionary Housing Ordinance (“IHO”) in response to the affordable housing shortage in 2008. Developers choose between either providing affordable housing units within their projects or paying a fee to construct such units. The fees are deposited into the Title 29 Affordable Housing Fund. The County’s program is based on a price per square footage. When adopted in 2008, the IHO had a phased implementation schedule to ease into the fees and number of affordable units required; however, due to the recession, the County Board of Supervisors had kept the IHO at the very initial “Year 1” requirements (see below) up until December 2016. At this time, the IHO has been set at “Year 2” rates. Year 5 would equate to full implementation and full fee amount required. Source: County of San Luis Obispo Since 2009, the County has used $450,000 in in-lieu fees to support affordable housing projects, however, the number of affordable units developed from the IHO have been minimal. Next Steps Pursuant to County Title 29, the Board considers making adjustments each year to the Title 29 fee schedules. The fees may be adjusted for any reason (such as construction costs, nexus study, etc.) or upon Board discretion. The County is currently preparing a Nexus Study on their Inclusionary Housing Ordinance and will present those findings to the Board in December 2017. There has been discussion by individual County Supervisors and some local organizations to completely eliminate the County’s Inclusionary Housing Program; however, at this time such an Packet Pg 357 14 action is not before the Board. ALTERNATIVES 1. Do not send a letter to the Board of Supervisors or take any other action to communicate the City’s position on any changes to the IHO Packet Pg 358 14 Discussion of City Support for the County of San Luis Obispo’s Inclusionary Housing ProgramOctober 3, 201710-03-2017 Item 14, Staff Presentation Recommendation21.Discuss the public policy purpose of an Inclusionary Housing Program; and 2.Consider authorizing City Staff to prepare a letter to the County Board of Supervisors regarding the County’s Inclusionary Housing Program. 10-03-2017 Item 14, Staff Presentation What is Inclusionary Housing?3The purpose of inclusionary housing is to promote the public welfare by increasing the production and availability of affordable housing units. Establishes an affordable housing requirement for new residential and commercial projects within a community.Usually based on a certain percentage of units built, or the size of a commercial project, Can be satisfied by providing units or paying fees in-lieu of affordable units.10-03-2017 Item 14, Staff Presentation City of San Luis Obispo’sInclusionary Housing Program4Approved in 1999, the City’s policy and ordinance are contained in Zoning Regulations Chapter 17.91, and based on Housing Element Table 2 and Table 2a.Projects subject to the inclusionary housing requirement have the option to construct the units within their projects, dedicate land for the units to be built offsite, or pay an affordable housing in-lieu fee. In-lieu fees go into the City’s Affordable Housing Fund and are issued as loans or grants to affordable housing developers 10-03-2017 Item 14, Staff Presentation City of San Luis Obispo’s Inclusionary Housing ProgramTable 2A Inclusionary Housing Adjustment Factors Project Density (Density Units/Net Acre)1 Inclusionary Housing Requirement Adjustment Factor2 Average Unit Size (sq. ft.) Up to 1,100 1,101-1,500 1,501-2000 2,001-2,500 2,501-3,000>3,000 36 or more 0 0 .75 1 1.25 1.5 24-35.99 0 0 .75 1 1.25 1.5 12-23.99 0 .25 1 1.25 1.5 1.75 7-11.99 0 .5 1 1.25 1.5 1.75 <7 0 .5 1.25 1.5 1.75 2 10-03-2017 Item 14, Staff Presentation City of San Luis Obispo’s Inclusionary Housing Program6Since 1999:Approximately 280 deed restricted affordable units have been created$10 million in affordable housing in-lieu fees have been collectedCity Council has awarded over $9 million in grants and loans to 17 affordable housing developments/rehabilitation projects (300+ units)10-03-2017 Item 14, Staff Presentation County of San Luis Obispo’s Inclusionary Housing Program7The County adopted Title 29, the Affordable Housing Fund and the Inclusionary Housing Ordinance in response to the affordable housing shortage in 2008. Developers either provide affordable housing units within their projects or pay an in-lieu fee.The fees are deposited into the Title 29 Affordable Housing Fund. The County’s fee program is based on a price per square footage.10-03-2017 Item 14, Staff Presentation County of San Luis Obispo’s Inclusionary Housing Program8County planned for phased implementation, however, due to the recession, the Board kept requirement at the very initial “Year 1” level until December 2016. 10-03-2017 Item 14, Staff Presentation County of San Luis Obispo’s Inclusionary Housing Program9County has received and spent $1.143 million in Title 29 in-lieu fees to support affordable housing projects.Averages approximately $100,000/yearRecent significant increase in funds came from one specific project in South County (and money must remain for South County projects)County has awarded $137,925 in funds to projects within the San Luis Obispo city limits.10-03-2017 Item 14, Staff Presentation County’s Next Steps10The Board considers making adjustments each year to the Title 29 fee schedules. The County is currently preparing a Nexus Study on their Inclusionary Housing Ordinance and will present those findings to the Board on December 12, 2017. There has been discussion by individual County Supervisors and some local organizations to completely eliminate the County’s Inclusionary Housing Program; however, at this time such an action is not before the Board.10-03-2017 Item 14, Staff Presentation Recommendation111.Discuss the public policy purpose of an Inclusionary Housing Program; and 2.Consider authorizing City Staff to prepare a letter to the County Board of Supervisors regarding the County’s Inclusionary Housing Program. 10-03-2017 Item 14, Staff Presentation 1210-03-2017 Item 14, Staff Presentation SLO County In Lieu Fees1310-03-2017 Item 14, Staff Presentation