FULL AGENDA PACKET 2021-07-06 - Laserfiche WebLink

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Housing Ad Hoc Committee Progress Report and Recommendations July 6, 2021 Page 4 building permits during the current economic climate. The new ordinance will be likely be effective after October 1, 2021, and the provision for "Entitled Residential Projects" no longer applies. The amendments also apply to the timing of payment from issuance of the building permit to issuance of the certificate of occupancy in order Lo make [he larger fee more reasonable to pay after the project is developed. 41-1906 Standards: This section is amended to require units Revised the term of for sale and rental units that are built on - affordability for site to be affordable in perpetuity as an ownership and rental enhancement. units on -site 41-1909 Inclusionary Housing This section is amended to further clarify Fund: Clarifies the use the use of in -lieu fees paid to the City. It of the in -lieu fees provides the Community Development collected Agency with a priority for the use of the funds for large families and allows the funds to be used for additional one- time programs addressing housing security, eviction prevention, and housing legal assistance for city residents. 41-1910 In -lieu fee calculation: This section is amended to provide for Provides for periodic periodic review of the in -lieu fee when review at the option of determined to be appropriate by the City the City Council Council. Next Steps If the City Council desires to move forward with the changes recommended by the Housing Ad Hoc Committee, it is feasible to complete the final drafting of the ordinance and initiate the ordinance adoption process within 45 to 60 days upon receiving final direction. Following approval of the amendments to the HOO, the Housing Ad Hoc Committee will reconvene and continue to discuss the remaining topics below and may return in the future with recommendations for each topic: a. Rent Stabilization/Rent Control City Council 28 — 4 7/6/2021