AgdaPkt 2018-05-21 Joint SA PFA - Laserfiche WebLink

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this ordinance. Notice of the initiation was published on May 4, 2018. Staff recommends that all projects with applications complete after May 4, 2018 be subject to the new ordinance. These projects include the City Plaza project (Sobrato), 504 El Camino Real (mixed use office and residential) and 557 E. Bayshore (Syufy). Other revisions. After the Planning Commission meeting, other clarifying edits were made to the ordinance. A definition of the existing term “extremely low income households” was added and referenced in the definition of “affordable unit.” Also, in order to formalize the existing process of determining eligibility to occupy a unit, the concept of a Below Market Rate Tenant Selection and Management Plan was added along with a corresponding definition. Further, the definition of “moderate income households” was revised to eliminate an outdated reference to HUD-published moderate income limits. The process of recording affordable housing agreements, and the timing of collecting in-lieu fees (before the issuance of building permits) has also been clarified. Finally, other alternatives that may be considered now also include alternatives to standards for affordable housing, in order to allow flexibility when a project provides greater affordable housing benefits than required. PUBLIC NOTIFICATION AND COMMENT On December 18, 2017, City Council initiated proceedings to consider an inclusionary housing requirement. Staff also developed an email list of interested parties from the previous Affordable Housing Impact Fee program, as well as recent development applications and provided notice of this hearing. Lastly, staff created a website at www.redwoodcity.org to provide information and resources on this requirement. Staff brought the proposed recommendation to the Housing and Human Concerns Committee at their April 24, 2018 meeting. After the presentation they asked clarifying questions about state density bonus, differing percentages and minimum project size. They expressed support for an inclusionary ordinance. Staff has also received comment letters from developers, one stating it is too restrictive and expressing concern for the requirement and one requesting flexibility. The letters are available in Attachment 5. Planning Commission considered this item at their meeting Of May 1, 2018. Several members of the public spoke on the item. The comments suggested there was a need for affordable housing but emphasized flexibility in requirements. The Planning Commission discussed this input and there was discussion about additional public input into the process. Further discussion of their action is located in the Alternatives section. 7.A. - Page 12