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11-26-18_AGENDA PACKET
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11-26-18_AGENDA PACKET
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Rebuttal to Developers View on Sunshine Meeting Sunshine Meeting Report ‐ Neighborhood Rebuttal‐Table View Page 5 of 14 2018‐11‐13 Land Use: COMMENT QUESTION REPORTED TO DEVELOPER DEVELOPER RESPONSE: NEIGHBORHOOD RESPONSE: 15. We need apartments but not on this site. There are a lot of apartments planned for adjacent areas We find the location of this site, adjacent to both public transportation and major thoroughfares (the 5 Freeway and the 22 Freeway) make it ideal for multi‐family housing, not to mention the adjacent retailers and employers are in desperate need for high income households in the submarket, along with knowledgeable workers (those workers with specific skill sets). Please keep in mind that the culture has changed in that professionals today are renting in far greater numbers than the previous generation. In addition, we would sell these units as condominiums, once the market allows us to do so, however, post‐recession lenders still have not loosened their requirements making it difficult for many to qualify for mortgage financing. Whether they are apartments or condominiums, it doesn’t make a difference. The concept of condominiums was not even discussed at this meeting so why is it mentioned here? 16. Not appropriate for our neighborhood. We find the location of this site, adjacent to both public transportation and major thoroughfares (the 5 Freeway and the 22 Freeway) make it ideal for multi‐family housing, not to mention the adjacent retailers and employers are in desperate need for high income households in the submarket, along with knowledgeable workers (those workers with specific skill sets). Please keep in mind that the culture has changed in that professionals today are renting in far greater numbers than the previous generation. In addition, we would sell these units as condominiums, once the market allows us to do so, however, post‐recession lenders still have not loosened their requirements making it difficult for many to qualify for mortgage financing. Duplicate answer.
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