3B Public Hearing 2012 0305 - Laserfiche WebLink

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PART III. OTHER ACTIONS BARRIERS TO AFFORDABLE HOUSING Funding The lack of available funds for affordable housing activities continues to be a problem for the City. The problem is further exacerbated with the drastic, significant reduction in federal HOME funds and the elimination of redevelopment in California by the State. Construction Costs In addition to high land costs, the rising cod construction can also negatively affect the development of affordable housing constructiot% rehabilitation. In addition to undertaking financial feasibility analyses on a project -by- project basis to ensure that the City is not over - subsidizing development costs for affordable housing developers, the City will continue to work with them as well through design, planning, and financing review and recommendations to reduce increased construction costs. Local Policies /Regulation The City approved an Inclusionary Zoning Ordinance in December 2004 that required developers to set aside 15% of their new ownership or rental housing units for low- and moderate - income households. The City will continue to monitor the progress of its inclusionary zoning requirement and assess, if necessary, how it can be improved through coordination with developer and other public input. LEAD -BASED PAINT HAZARD REDUCTION The new Environmental Protection Agency (EPA) rule effective April 22, 2010 requires that contractors be EPA -lead certified prior to beginning work on structures built before 1978. The City, specifically its Building & Safety Services Division, requires contractors, who are working on homes built prior to 1978, to demonstrate that they have satisfied the EPA law prior to providing them the City building permits needed. Should the City use federal funds, such as HOME funds, for acquisition and /or rehabilitation of apartments for preservation or maintenance as affordable housing, it will inform tenants of lead- DRAFT Action Plan — FY 2012 -2013 Cifi ofSan Leandro Page 14