8E Consent 2010 0216 - Laserfiche WebLink

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CITY OF SAN LEANDRO STAFF REPORT DATE: TO: FROM: VIA: BY: February 16, 2010 Stephen L. Hollister, City Manager APPROVED AND FORWARDED TO CITY COUNCIL Stephen L. Hollister City Manager Luke Sims, Community Development Directoj Tom Liao, Housing/CDBG Manager ~ L Jean Hom, Housing Specialist II ~~'~ SUBJECT PROJECT/PROJECT DESCRIPTION: RESOLUTION APPROVING ANNUAL AFFORDABLE HOUSING TRUST FUND REPORT FOR JULY 2008 -JUNE 2009 SUMMARY AND RECOMMENDATION Staff recommends that the City Council approve the City of San Leandro's annual Affordable Housing Trust Fund Report in accordance with the City of San Leandro's Inclusionary Housing Ordinance (Article 30 of the Zoning Code, Section 6-3028). BACKGROUND In December 2004, the City of San Leandro amended the Zoning Code by adopting Article 30, the Inclusionary Housing Ordinance ("Ordinance"). The purpose of the Ordinance is to encourage the development and availability of housing affordable to a broad range of households with varying income levels within the City, to increase the supply of affordable ownership and rental housing in San Leandro, and to require that residential developers construct affordable housing units within their projects. For ownership residential developments with two to six total units, the requirements of the Ordinance maybe satisfied alternatively by having developers pay an in-lieu fee to the City's Affordable Housing Trust Fund ("Fund"). The Fund is an account established to collect and expend such in-lieu fees for the purpose of furthering affordable housing as described in the Ordinance. The Fund includes revenue from condominium conversion fees. This Fund is distinct and segregated from the other major source of revenue, the Redevelopment Set Aside Fund, that the City uses to develop affordable housing.