65B - RPT - HOO UPDATE - Laserfiche WebLink

Home Browse Search

EXHIBIT 1 meeting the goal of providing economically balanced communities and the goal of providing transit -oriented development. Fee: For residential developments under 10 units, the fee rate per square foot is on a sliding scale and increases for each additional unit, For projects that are 10 units or more, the current rate is $10.82 per square foot. The fee is calculated by multiplying the per square foot rate and the aggregate gross floor area of all units within the development, Alternative: Instead ofpaying the fee, developers of for -sale unit projects may provide 10% of the total number of dwelling units in the project affordable to households earning up to 100% of the area median income of a family (AMI). Exemptions: An exemption is provided for residential development, receiving a financial or other form of assistance, with at least 10% of total dwelling units affordable to, and occupied by households earning up to 65 % of AMI, Impact: Since the inception of the Inclusionary Housing Program, $133.3 million has been collected in fees. In addition, 2,531 affordable units have been built with inclusionary fees and 957 affordable units have been built by developers under this ordinance and through other incentive programs. There are also 907 affordable units in the pipeline to come. City of Los Angeles Measure JJJ—A, ffordable Housing Requirements and In -Lieu ree Back rg ound The City of Los Angeles uses many ordinances and policies to promote housing development for residents of all incomes. The City -had been worldng on a mixed -income housing ordinance but it was stalled with the Palmer decision 4 However, voters approved different affordable housing requirements and an in-licu fee through Measure JJJ in November 2016. Basic Requirement: The measure requires developers of certain residential projects to provide affordable units or pay a fee instead. Projects subject to Measure JJJ are those that are at least 10 units and need changes to land uses or maximum building height that results in an increase in residential density of more than 35%, or allows a residential land use which was previously not allowed. Projects must meet one of the on -site affordability provisions or one of the specified alternative options. In addition, the measure includes various labor requirements related to pay, training, and local hiring for construction done on the project, Affordability Provisions: Affordability requirements vary depending on whether the project produces rental units or for -sale units, For rental projects, affordability requirements also depend on: 1) whether they increase residential density by more than 35 %; 2) whether it creates residential use where it was previously not allowed; and 3) what household incomes are targeted. Lower City of Los Angeles, Development of a Mixed Income Housing Ordinance, report to the Housing, Community and Economic Development Committee February 3, 2010, bttp://cilaep Iacity.ore/onlinedocs12008/08-2614 Ipt elan 2- 10,ndf 5 Tbrough a General Plan amendment or zone change 65B-14