3B Public Hearing 2007 0904 - Laserfiche WebLink

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~Urban @t@Habkat they wiU be approximately the same as the prior period. The DEIR mUSt analyze bow the TOO Plan. "nder each alternative develoDment scenario, achieves the City's RHNA requirements (CUlTCllt and future ). I. b. The San Leandro General Plan, 2002. contains the foHowing goal and policy: "Goal 3: Provide housins opportunities and improve economic access to housin, for all lell1lenta of the communi~ _ . Policy 3.02: Encourage a mix ofpri~ ranlw to provide housing choices for residents ofaJl incomes and 1II1i. .. The current version of the TOO Plan. in Ihc context of current market conditions, willlikcly result in the development ofm()j1;)y for-sale market-rate houain, that is unaft'ordable to the ~ority of the City's residents. The TOO Plan includes 3.400 new units ofhousina built over 30 yean, of which only 1'% must be 'aft'ordlable' per the City's inclusionary zoning ordinance.' Market rate housing in the City, both for-sale and rental, is unaffordable EO a nuvority of households. For-saic, market"rate units are HnBffordable to over 78% of San Leandro households using HUD standards in which no more than 3'% of one's income shouJd be spent on for-ale housing.2 And today's median rent, at S I, J 81 tor 8 two bedroom apartment in a:he downtown area, is unaftbrdable to approximately 40% of the City households.) As applied, the current inelusionary zoning law will not meet the housina needs of all segTMnu O/lhe COMIIJunity and it will not provide a fia11 ",ix of price P'tII'IpS to provide horutng choicafor rultknta of all lnco.",.s. As it stands and as RlCQ8I1ized on page 4.9004 of the DEIR, the City's inclusionary zoning law (QrdinaR<:e No. 2006-00 1) requires that 1 S% of all units developed be "affordable." However, in for-sale projects, the inclusionaty units must only be affordable to households oamm, 70% or 110% of the Area Median Income (AMI) for AllU11eda County. As of2006. a fimUy of four at 70% of the AMI was makinl $58,660 and at J 10% AMI was makJRI $83,800.' As 0(2005 (the mOil recent data I The Mnl .us.-..... of Ibc TOO PlID (City of SIll lMftctro, DtlwntOWn Salt 1..1IIIdro TItIIIII,..o,IM/wl Dne/optMnt ~, MtrieIA....nJ DW7~ April 20(6) predicIS that liven . reIIdwIy flat NIdIlIIIIIket Md rtlItlveIy blab 00IIIII'IMlti0A ooas, me IDIrkM will plOduce ....Iy for.nIt houaIns widain the TOD Plea... 11ac MtrIr6l ~"'. howcwr, alto ~ Cht.,.. poteadaI tar 100% affardIble houIinJ prqIfCIIlt.... CIty ...hI a.v..p to__ F....... sue. and LocalIU....... b IUCh houIiDc. :1 AJ of ZOOS. a medla1 picxxlliJl&lc family bomc in San LCMdro wu $530.000 n for. fIImiI1to aftbrd Ibo moncb1y paymeatI on such . bouI. the)' would DNllO .... .leaa $116,000.2 AI dill dme, .. ....... .,,. OfbollHholds ill cbe downIowD ... of San Leandro and men 1haa 77.'" of all of SIn L.Idro'. houIdIoIdI 0lUJI0d leu 1baA $116.000. ) A ftmJIy m.. WI! Ill'" $3,937 alDOllltb or 547,240 .1W'1e) dorcIi'IIlt of'$I,I'llJnoa1h. ArrWa,..... bav.' dl~ IDUCh llaoc 200~. .""ro~ 40% ofSao Leandro houIeholds eouId DOt dbrd this reat lOda)1. AftbcdabUIty for I1lnIll bOuSina is b...cl'upon HUb detlnldon of no men thin 30% of'bouIeboId income toiIla 1OWII'd ..... boutJn& coac. .. 0IlIa from 1he 2006 Income GuicW.. for AI.modI Couaty. 45614* Sbeet. Suite 1205, Oaklaaclr CA 96612 (&'10) 13t..95l0 . 'ax: (510) __961D www.~ 51199 ~d l.\1lI~ N\1h1 9t966E99tS 6S:tt Le9~/t~/ge