AgdaPkt 2014-10-20 Closed and Special Joint with SA_Revised_10_17_2014

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8.A. - Page 119 • Include a timeline and next steps for developing and completing the Community Benefits Ordinance (H -14). Next steps should include a program to convene affordable housing stakeholders to discuss types of benefits and incentives to be included in the ordinance. • A program to identify all publicly owned parcels and brownfield sites. • A program to adopt a policy to prioritize, require, or incentivize housing affordable to those making 80% AMI or less on public land. Other Land Use and Financing Tools Given the high costs of land and the overall market strength in the city not - for - profit developers cannot against market rate developers to acquire land for development. Presently inclusionary ordinances do face legal challenges but this is only true for residential units built for rent. The legal challenges to inclusionary ordinances do not apply to the homeownership provisions of the ordinances. To address concerns triggered by legal challenges to the rental portion of the ordinance local jurisdictions, including Redwood City, have embarked on nexus studies to establish the maximum allowable fees for multi - family rental projects and commercial projects. NPH strongly supports the recommendations of the city's Housing and Human Concerns Committee that the city develop an Inclusionary Ordinance for residential developments intended for homeownership. To further the city's goal of maintain a diversity of housing options, NPH strongly suggests the city include the following programs in future iterations of the draft housing element: • Include a program to develop an Inclusionary Ordinance applicable to market rate developments intended for homeownership. • Include a program to include a yearly general fund set aside for affordable housing production. • Include a program to hold public meetings to discuss findings of the Countywide Nexus Study six months after the study is completed. • Include a program to assess the feasibility to develop a site acquisition program. Thank you for the opportunity to provide comments on the City of Redwood City's draft housing element. Please feel free to contact me regarding any questions.