AgdaPkt 2015-10-26 Study and Joint SA PFA

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8.B. - Page 1 REPORT To the Honorable Mayor and City Council From the City Manager October 26, 2015 SUBJECT Initiate Downtown Precise Plan Amendment to reserve 10% of the residential development allocation for affordable housing RECOMMENDATION By motion, initiate a Downtown Precise Plan amendment to reserve 10% of the residential Maximum Allowable Development allocation for affordable housing. BACKGROUND The Downtown Precise Plan (DTPP) was formally adopted by the City Council on January 24, 2011 and amended on July 22, 2013. The DTPP area consists of approximately 183-acres within the City's historic center. This plan was established to "orchestrate private and public investment actions in the Downtown". The DTPP has the authority of the City's Zoning Ordinance, and includes development regulations such as use process details, historic regulations, building and landscape placement regulations, parking requirements, architectural guidelines and regulations, signage regulations and other related details. The DTPP also establishes the Maximum Allowable Development limitations for the entire DTPP area for several categories of development: residential, office space, retail space and hotel rooms. The residential limitation is 2,500 units. Reserving 10% of this development allocation for affordable housing is the focus of this report. No changes are proposed to the total number of housing units allowed, nor are any revisions to other development allocations. The following table outlines the status of the residential allocation: Max Allowed Approved Pending Remaining 2500 units 1613 units 92 units 795 units There are also two affordable housing developments that will be submitted relatively soon and are not included in the numbers of above. This includes a 20-unit Habitat for Humanity project and development on the City owned Bradford lot. Although the official application has not been received, the City received proposals from seven (7) different