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3A Public Hearing 2010 0920
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3A Public Hearing 2010 0920
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CM City Clerk-City Council - Document Type
Staff Report
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9/20/2010
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_CC Agenda 2010 0920
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\City Clerk\City Council\Agenda Packets\2010\Packet 2010 0920
RDA Reso 2010-008
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\City Clerk\City Council\Resolutions\2010
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Table 15. Redevelopment Agency Inclusionary Units Required and Produced, 1994 -2009 <br />ALL NON - AGENCY DEVELOPED AND SUBSTANTIALLY REHABILITATED UNITS <br />Affordable Units <br />Developed (2) <br />Cumulative <br />Project Area Status <br />Units Built in Project Area <br />Very Low (4) <br />Very Low, Low- <br />Annual <br />Annual Ongoing <br />Trigger Obligation 3 <br />gg g' O <br />Moderate 5 �) <br />Deficit <br />Surplus 2 <br />P ( ) Balance <br />Substantial Substantial <br />New <br />Fiscal Rehab Rehab <br />Minimum Actual <br />1 5 ' o <br />Required Actual <br />Very <br />Very Low, <br />Very Very <br />Very Low, Very LoNN, <br />Construe- Total <br />Year Multi- Single <br />tion <br />u <br />to be 6/o Units <br />of Total Restricted <br />(VL, Units <br />Restricted <br />Low Low, <br />Low Low, Low Lo\N', <br />Family (1) Family (1) <br />M d) <br />Mod <br />Mod Mod <br />d <br />F e <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />1 1994 <br />1 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />1 1995 <br />1 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />1996 <br />1 4 <br />1 <br />1 4 <br />0 <br />1 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />1 1997 <br />1 <br />5 <br />0 <br />1 <br />0 <br />1 <br />1 <br />1 1998 <br />25 <br />25 <br />'_ <br />4 <br />1 2 <br />1 4 <br />0 <br />0 <br />L-2 J� <br />1999 <br />1 205 <br />205 <br />12 <br />4 <br />1 31 <br />10 <br />12 <br />1 31 <br />1 4 <br />10 <br />10 <br />2C, <br />1 2000 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />10 <br />-26 <br />2001 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />-10 <br />-26 <br />2002 <br />354 <br />354 <br />21 <br />53 <br />36 <br />21 <br />53 <br />0 <br />36 <br />32 <br />43 <br />1 2003 <br />1 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />-32 <br />-43 <br />2004 <br />87 <br />87 <br />5 <br />74 <br />13 <br />2 <br />5 <br />13 <br />1 74 <br />2 <br />37 <br />54 <br />2005 <br />33 <br />33 <br />'_ <br />5 <br />5 <br />3 <br />2 <br />5 <br />5 <br />3 <br />40 <br />56 <br />2006 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />0 <br />40 <br />-56 <br />2007 <br />68 <br />68 <br />4 <br />67 <br />10 <br />6S <br />4 <br />10 <br />67 <br />68 <br />103 <br />2008 <br />0 <br />0 <br />0 <br />0 <br />0 <br />103 <br />2009 <br />51 <br />51 <br />3 <br />50 <br />S <br />51 <br />3 <br />S <br />50 <br />51 <br />150 <br />45 <br />Total <br />1 802 <br />311 <br />11 <br />832 <br />1 511 <br />21111 <br />125 <br />1711 <br />50 <br />125 <br />1 200 <br />1 1711 <br />1 1511 <br />= <br />(1) Substantial Rehabilitation means rehabilitation, the value of which constitutes 25% of the after - rehabilitation value of the unit, inclusive <br />of the land value. Inclusionary obligation only arises when multi - family rental units with 3 or more units are substantially rehabilitated, <br />or when single family units with 1 or 2 units are substantially rehabilitated using Agency assistance. <br />(2) Units developed to meet obligation outside the project area require 2 units for every inclusionary unit requirement. <br />(3) Units not built by Agency require 15% at low /moderate, including 6% at very low. Units built by the Agency must provide 15% at <br />low /moderate and 15% at very low. <br />(4) Very Low is <50% AMI <br />(5) Low/Moderate is <51% to 120% AMI <br />Notes: Per City Inclusionary Zoning Ordinance, developers of a specific project size are allowed to pay in -lieu fee instead of building BMR <br />units. <br />
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