AgdaPkt 2018-03-26 Joint SA PFA - Laserfiche WebLink

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4 agencies in 2011 the parcel was transferred from the RDA to the City. The use of RDA LMH funds requires the inclusion of below market rate housing on the site. GOALS & OBJECTIVES The City’s primary goal in the development of the Site is the development of a well-designed, for-sale, single-family residential home deed restricted as affordable to Moderate-Income families. The City has identified several objectives in undertaking the Project and it is essential that these objectives be met. High-Quality Development The Project must include high quality design, materials, and construction. Its architectural character must meet community expectations by engaging the community both physically and aesthetically. The project must be consistent with the Zoning Ordinance and comply with the defined standards of architecture, materials, and construction, as provided in Article 45 (Architectural Permits) of the Zoning Ordinance. Sustainable & Energy Efficient In addition to high-quality development, the City expects that the Project will achieve sustainability and energy efficiency goals that exceed the minimum requirements of the California State Building Code. Housing Element The City of Redwood City is committed to ensuring new opportunities for affordable residential development. In September 2014, the City Council adopted the 2015-2023 Housing Element, which contains goals, policies, and programs that are intended to encourage the development of high quality affordable housing. The Project shall be consistent with the Housing Element. Proposals shall include specific findings of consistency with applicable Housing Element goals. Compressed Timeline The City seeks to have the project developed as soon as is practicable. Therefore proposals will be judged on the practicality of timelines and the Developer’s demonstrated adherence to time schedules, as well as its ability to obtain all necessary plan approvals, and financing and construction commitments so that construction may commence as soon as possible. MANDATORY REQUIREMENTS Affordability Requirements The site was acquired with former Redwood City Redevelopment Agency Low Mod Set Aside funds and the residential development on the site must comply with the City’s affordable housing requirements. The project must benefit Moderate Income households as defined in California Health and Safety Code. Refer to Exhibit 2 of this RFP for the San Mateo County 2017 Income and Rent Limits table. 6.1.A. - Page 11