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HomeMy WebLinkAboutCORRESPONDENCE - 85BOrozco, Norma From: Soto, Daniel Sent: Tuesday, May 05, 2020 3:25 PM To: eComment Subject: FW: Item 85B Affordable Fee Discussion -----Original Message ----- From: Tim O'Brien <TOBrien@legacypartners.com> Sent: Tuesday, May 5, 2020 12:40 PM To: Pulido, Miguel <MPulido@santa-ana.org>; Sarmiento, Vicente <VSarmiento@santa-ana.org>; Iglesias, Cecilia <Clglesias@santa-ana.org>; Solorio, Jose <JSolorio@santa-ana.org>; Penaloza, David <DPenaloza@santa-ana.org>; Bacerra, Phil <pbacerra@santa-ana.org>; Villegas, Juan <JVillegas@santa-ana.org> Cc: Ridge, Kristine <kridge@santa-ana.org>; Thai, Minh <mthai@santa-ana.org> Subject: Item 85B Affordable Fee Discussion Dear Honorable Mayor and City Council Members, As you may recall, your Council unanimously approved our multi family project at 651 W. Sunflower in the South Coast Metro area of Santa Ana last summer. Prior to that, we worked hard with staff for nearly two years to earn the full support of the Planning Commission, Sandpointe Community, and labor union. Since the project approval, we have been working diligently on construction documents/ building plan check and are very close to having a permit ready project. Unfortunately, the economic fallout from COVID19 is jeopardizing the project, and the jobs and housing that it will bring to the City. Since our original underwriting projections, the instability of the lending market and the current economic uncertainty is forcing us to consider that the project may no longer be viable without a reduction of costs. The reduction of the HOD fee would make a material impact in our ability to move forward at this stage. Collectively, we have come so far on the Sunflower project and with your continued support and consideration of the HOO fee, we hope that it can become a reality. Sincerely, Tim O'Brien Legacy Partners Sent from my Wad Building Industry Association of Southern California, Inc ORANGE COUNTY CHAPTER May 5, 2020 Mayor Miguel Pulido Santa Ana City Council 20 Civic Center Plaza Santa Ana, CA 92701 Re: Item #8513 —Housing Opportunity Ordinance Dear Mayor and City Council Members: On behalf of our membership, I write to express our concern with expanding the Housing Opportunity Ordinance — otherwise known as Inclusionary Zoning (IZ). Further, we do support any effort to lessen the fee burden, and find ways of incentivizing housing in the City of Santa Ana. The Building Industry Association of Southern California, Orange County Chapter (B1A/OC) is a non-profit trade association of over 1,100 member companies employing over 100,000 people in the home building industry. Housing remains a critical issue in California with the situation growing more serious with each passing day. Studies show that the State needs over 180,000 new units each year and at best we are producing 80,000. This has caused a cascading spike in home prices across the region. This crisis is now exacerbated due to the recent COVID-19 pandemic and the recent orders to shelter in place. With this ever-growing deficit, we need to have an honest conversation about Inclusionary Zoning Policies. In total, such policies restrain housing production, increase ownership costs and further complicate attainability for the majority of the region. In a study by Benjamin Powell, Ph.D. and Edward Stringham, Ph.D., titled, Housing Supply and Affordability: Do Affordable Housing Mandates Work?, the authors discovered that in the 45 cities where data was available, new housing production drastically decreased by an average of 3 1 % within one year of adopting inclusionary housing policies. Additionally, the study suggests that inclusionary housing polices can increase new housing costs by $22,000 to $44,000, with higher priced markets increasing by $100,000.' Supporting these conclusions is a recent report from the Legislative Analyst's Office titled Perspectives on Helping Low -Income Californians Afford Housing. In this report, it states that "attempting to address the state's affordability challenges primarily through expansion of government programs likely would be impractical." Further, that "extending housing assistance to low-income Californians who currently do not receive it — either though subsidies for Powell, Benjamin, Ph.D. and Stringham, Edward, Ph.D. Housing Supply and Affordability: Do Affordable Housing Mandates Work? Reason Public Policy Institute. April 2004. PRESIDENT SUNTI KUMJIM MBK RENTAL LIVING VICE PRESIDENT ERIC NELSON TRUMARK HOMES TREASURER BROOKE DO[ SHEA HOMES SECRETARY NICOLE MURRAY TAYLOR MORRISON IMMEDIATE PAST PRESIDENT RICK WOOD TRI POINTE HOMES TRADE CONTRACTOR V.P. ALAN BOUDREAU BOUDREAU PIPELINE CORPORATION ASSOCIATE VICE PRESIDENT MARK HIMMELSTEIN NEWMEYER & DILLION, LLP MEMBER -AT -LARGE PETER VANEK INTEGRAL COMMUNITIES MEMBER -AT -LARGE SEAN MATSLER COX CASTLE & NICHOLSON, LLP EXECUTIVE OFFICER STEVE LA MOTTE affordable units or housing vouchers — would require an annual funding commitment in the low tens of billio of dollars. As such it finds that "many housing programs — vouchers, rent control, and inclusionary housing attempt to make housing more affordable without increasing the overall supply of housing. This approach do very little to address the underlying cause of California's high housing costs: a housing shortage." Foundations of the policy aside, this discussion item comes at a time when many cities are reducing or delay: fees and speeding up processing times, as housing development is a critical piece of the economic pie, and is imperative to our economic recovery. We would encourage the Council to consider similar policy ideas that would reduce the burden of this regulation within the City. In conclusion, we strongly encourage the City Council to oppose any suggestions of expanding this policy. Furthermore, once Council direction is given, we ask that the Building Industry have adequate time to study final proposal before the scheduled hearing date. Moreover, we encourage a review of the six recommendati found in the Housing Future Initiatives, a policy that the Santa Ana City Council supported and passed in resolution form in 2016. This document, created by the BIA/OC as an alternative to Inclusionary Zoning, of: solid starting points for policy creation that are in -line with the values of Santa Ana. Thank you for your thoughtful consideration Respectfully, Steven C. LaMotte CEO BIAOC