Item 26 - Public Hearing Regarding Bristol Project

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ta www.FinanceDTA.com Table 1: Potential Community Benefits • Targeted low-income units; • Density bonuses; • DIFs; • Affordable housing units/housing fees; • Jobs/Housing Balance; • Energy conservation; • Vehicle traffic reduction; • Parking reduction strategies; • Improvements to air quality; • Mitigation of noise and vibration impacts; • Neighborhood amenities; • Streetscape improvements; SECTION II PURPOSE OF A CBA • Landscaping, parks, and open space; • Support for local community -oriented programs; • Childcare facilities; • Community centers accessible by the general public; • Art in public places; • Pedestrian and bicycle improvements; • Connection to the regional transit systems; • Police/fire facilities stations; • Local hiring; • Community outreach; and • Operations and maintenance costs solely supported by the owner. Some examples of factors that are commonly considered in a CBA are included below. r Affordable Housing: Assessing the need for affordable housing within the community and evaluating the proposed development's contribution towards meeting that need. This may include determining the number of affordable units, their affordability levels, and the duration of affordability restrictions. As the property is on leased land, most residential owners are reluctant to own property encumbered by an underlying ground lease. ■ Transportation and Infrastructure: Evaluating the impact of the development on transportation infrastructure, such as roads, public transportation, and bike lanes, and analyzing whether the project includes measures to mitigate traffic congestion and improve transportation options, like supporting public transit or providing infrastructure for alternative modes of transportation. ■ Parks and Open Spaces: Examining the availability and accessibility of parks, recreational areas, and open spaces within and around the development. A CBA can also assess whether a project includes provisions for new parks or contributes to enhancing existing ones, thereby promoting outdoor activities and community interaction. ■ Community Services: Assessing the availability and accessibility of essential community services, such as schools, healthcare facilities, libraries, and community centers. This may include evaluating whether a project includes provisions to support or enhance these services or if there is a need for additional infrastructure. ■ Environmental Impact: Evaluating the environmental impact of the development, including its potential effect on air quality, water resources, and natural habitats. This may include assessing whether a project incorporates sustainable design features, renewable energy, water conservation measures, and other environmentally friendly practices. Related Bristol at 3600 South Bristol Street Community Benefits Analysis Report Exhibit 10 September 2Z 2023 / 4