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Ord 2417
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Ord 2417
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Last modified
10/11/2019 2:49:48 PM
Creation date
10/11/2019 2:49:46 PM
Metadata
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Template:
CC Index
CC Index - Document Type
Ordinance
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
12/7/2015
Description
ORDINANCE NO. 2417 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF REDWOOD CITY ADDING A NEW ARTICLE XVII (AFFORDABLE HOUSING IMPACT FEE) TO CHAPTER 18 OF THE REDWOOD CITY MUNICIPAL CODE NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF REDWOOD CITY DOES ORDAIN AS FOLLOWS: Section 1. The City Council makes the following findings: A. The provision of safe and stable housing for households at all income levels is essential for the public welfare of the city. Housing in Redwood City has become steadily more expensive and housing costs have gone up faster than incomes. Federal and state government programs do not provide enough affordable housing to satisfy the needs of very low, low, or moderate income households. As a result, there is a severe shortage of adequate, affordable housing for extremely low, very low, lower, and moderate income households, as evidenced by the following findings in the City's 2015
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12/07/2015 <br /> B. All affordable units provided pursuant to Section 18.271 shall be made <br /> available for occupancy concurrently with the market-rate units. For the purposes of this <br /> subsection, "concurrently" means that the City may not issue building permits for more <br /> than fifty percent (50%) of the market-rate units until it has issued building permits for all <br /> of the affordable units, and the City may not approve any final inspections or certificates <br /> of occupancy for more than fifty percent (50%) of the market-rate units until it has issued <br /> final inspections or certificates of occupancy for all of the affordable units. <br /> C. All affordable units provided pursuant to Section 18.271 shall be subject to <br /> a resale restriction, deed of trust, and/or regulatory agreement recorded against the <br /> property for execution by the city manager, in a form approved by the city attorney, to <br /> ensure the continued affordability of the affordable units. <br /> 1. All affordable units shall remain affordable to the targeted income <br /> group for 30 to 55 years. <br /> 2. Any household that occupies an affordable unit must occupy that unit <br /> as its principal residence, unless otherwise approved in writing for rental to a third party <br /> for a limited period of time due to household hardship, as determined by the City. <br /> 3. No household may begin occupancy of an affordable unit until the <br /> household has been determined to be eligible to occupy that unit by the community <br /> development director or designee. The community development director may from time <br /> to time adopt guidelines for determining household income and affordable housing cost, <br /> determining buyer eligibility, monitoring, and relevant administrative provisions. <br /> 4. Officials, employees, or consultants of the City and members of City <br /> boards and commissions shall comply with all applicable laws, regulations, and policies <br /> relating to conflicts of interest as to their eligibility to develop, construct, sell, rent, lease, <br /> occupy, or purchase an affordable unit. <br /> Section 18.273. — Housing Fund: <br /> A. There is hereby established in the City of Redwood City an "Affordable <br /> Housing Fund." All affordable housing impact fees or other funds collected under this <br /> Article shall be deposited into the City's Affordable Housing Fund. <br /> B. The monies in the Affordable Housing Fund and all earnings from <br /> investment of the moneys in the Fund shall be expended exclusively to provide housing <br /> affordable to extremely low income, very low income, lower income, and moderate <br /> income households in the City, consistent with the goals and policies contained in the <br /> City's Housing Element and the purposes for which the fees were collected, and for <br /> administration and compliance monitoring of the affordable housing program. <br /> C. The City Council may, from time to time, adopt guidelines for expenditure <br /> of monies in the affordable housing fund. <br /> ATTY/ORD.418/AFFORDABLE HOUSING IMPACT FEE ORD.#2417 <br /> REV:10-22-15 VR FORMERLY MUFF#100 <br /> Page 9 of 11 <br />
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