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Res 2022-054R/Approving amendment to the low-income housing tax credit LIHTC policy section of the affordable workforce housing policy to clarify the process
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Res 2022-054R/Approving amendment to the low-income housing tax credit LIHTC policy section of the affordable workforce housing policy to clarify the process
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The Development Code shall establish criteria that ensures alternative housing is <br />appropriately located. <br />ii. Provide "pre -approved" building plans for micro/efficiency homes to builders who are <br />constructing affordable housing to expedite review times and reduce up -front costs. <br />b. Reduce builder's costs for owner -occupied affordable /workforce housing development <br />i. Review/modify development regulations that increase costs without clear rationale or <br />benefit such as lot sizes, setbacks, parking requirements, street width standards <br />ii. Provide "pre -approved" building plans suitable for affordable / workforce housing <br />iii. Provide development code/construction permitting fee waivers and/or rebates for <br />community-based non-profit organizations that build affordable housing for developers <br />building affordable or workforce housing. <br />iv. Explore using development incentives to encourage developers to voluntarily include <br />housing designed to be owner -occupied and affordable for low to moderate income <br />households. Incentives might include: <br />1. Considering an increase in height beyond five stores in the Downtown Smart Code <br />District in proportion to the number of affordable units created. <br />2. Developing an "affordable housing fund" program that accepts fee -in -lieu payments <br />rather than the construction of affordable housing. As adequate funds accumulate, <br />the City could acquire land to be used for affordable housing construction. <br />3. Allowing developers to construct the affordable units in off-site locations (sites to <br />be approved by the City at the time the development incentive is approved). <br />c. Encourage in -fill housing development in older, established neighborhoods <br />i. Update the City's existing Infill Housing Incentive Program to provide incentives for <br />affordable and/or workforce housing development. <br />ii. Coordinate as practical the affordable/workforce housing program with the Place Based <br />Economic Development Policy. <br />iii. Market the programs to developers, realtors, and lenders. <br />3. THE CITY'S AGING HOUSING STOCK AND OLDER NEIGHBORHOODS NEED TO BE MAINTAINED IN GOOD CONDITION. <br />a. Reduce costs of renovating older homes while ensuring that modern safety concerns are addressed. <br />L Review development code regulations applicable to non -conforming residential structures <br />regarding repairs and modifications, reconstruction after destruction, and non -conforming <br />moved structures to ensure that the standards provide maximum flexibility while not <br />compromising safety. <br />b. Assist low income homeowners with the costs of maintaining their homes. <br />i. Consider providing funding for housing rehabilitation programs that provide free housing <br />rehab to low income families. <br />ii. Seek additional funding sources and identify potential non-profit partners to carry out <br />housing rehab/reconstruction programs. <br />Affordable & WorkforceF Housing Policy 3 <br />Adopted July 2014; Amended March 2017,, -&June 2018,,& March 12022 <br />
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