Agmt 2015 Raimi+Associates - Laserfiche WebLink

Home

Task 1.8: Affordable Housing and Anti-Displacement Strategy. Taking into account the findings of Task 1.3 Affordable Housing January 2016 (PDA Profile), Task 1.6 (Market Demand Analysis), and the updated Housing Element, SE will develop a and Anti- strategy to provide existing and future planning area residents with a range of housing options that are Displacement affordable to households at all income levels. SE will compile a brief Affordable Housing and Anti- Strategy Report displacement Strategy report including the following: • Overview of demographic and housing characteristics which directly impact demand for affordable housing in/near the plan area. • Summary of residential market conditions (for-sale and rental) compared against affordable sale prices and rental rates for various income levels (very low, low and moderate income), with a table showing the "affordability gap." • Limited analysis of the potential for low-income population displacement near the plan area. • Summary of existing programs, policies and regulations in the City that promote/preserve affordable housing and/or discourage displacement of existing residents. • Brief inventory of housing opportunity sites, including a description of potential site development issues (such as site assembly requirements, lot configuration, etc.). • Quantification of current and future affordable/workforce housing needs, by household income category and size, informed by the City's Regional Housing Needs Allocation and the City's Housing Element, and identification of market segments that fit both the transit and nearby employment opportunities, to profile household types which can best be served by the area. • Assessment of the viability of affordable housing in the study area, summary of policy and funding strategies to support the development of new and preservation of existing affordable housing, and policies to avoid displacing existing nearby residents (including strategies not directly related to housing preservation, such as economic development programs, engagement, development of community centers and/or services, etc.), and identification of potential funding sources available to preserve or add affordable housing. RAIMI + ASSOCIATES: BAY FAIR BART TRANSIT VILLAGE TOO SPECIFIC PLAN MAY 18, 2015 I PAGE A-6