8E Consent 2010 0216 - Laserfiche WebLink

Home

Affordable Housing Trust Fund Report FY2008-09 February 16, 2010 Current City Council Policy The Housing Element of the City General Plan. The draft Housing Element Update for 2007- 14 is anticipated to be brought forth for Council review and approval in April 2010. Previous City Council Action On December 2004, the City Council adopted Article 30 of the Zoning Code, the Inclusionary Housing Ordinance. On January 17, 2006, the City Council amended the City's Inclusionary Housing Ordinance (Article 30, Sections 6-3002, 6-3004, 6-3006 and 6-3014 of the Zoning Code) to expand the application of the Ordinance to include condominium conversions. City Council Committee Review and Action Not applicable. Applicable General Plan Policy The Draft Housing Element Update contains several policies applicable to the Affordable Housing Trust Fund and Inclusionary Housing Ordinance: Goal 3: New Housing Opportunities -Provide housing opportunities and improve economic access to housing for all segments of the community. Goal 53: Affordable Housing Development Policy 53.03: Funding -Actively pursue and leverage private, non-profit, and public funds to facilitate the development of affordable housing in San Leandro. Provide administrative and technical assistance to affordable housing developers and support the applications of these developers for loans, grants, tax credits, and other financing sources that facilitate affordable housing production in the City. Action 53.03-C: Affordable Housing Trust Fund Maintain a local affordable housing trust fund that is capitalized with in-lieu fees from the inclusionary zoning program and condo conversion fees. The fund should be used to leverage affordable housing development in San Leandro. Policy 53.04 -Inclusionary Housing -Require the inclusion of affordable housing in new housing developments-both inside and outside of redevelopment project areas. Modify ordinances as needed to make these requirements clearer and more effective. Action 53.04-A: Redevelopment Area Inclusionary Housing Policy Require developers of residential projects within San Leandro's redevelopment areas to set aside at least 1 S percent of all new units as affordable housing. Pursuant to State law, at least 40 percent of these affordable units should be set aside for very low income households.