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affordable units or housing vouchers — would require an annual funding commitment in the low tens of billio <br />of dollars. As such it finds that "many housing programs — vouchers, rent control, and inclusionary housing <br />attempt to make housing more affordable without increasing the overall supply of housing. This approach do <br />very little to address the underlying cause of California's high housing costs: a housing shortage." <br />Foundations of the policy aside, this discussion item comes at a time when many cities are reducing or delay: <br />fees and speeding up processing times, as housing development is a critical piece of the economic pie, and is <br />imperative to our economic recovery. We would encourage the Council to consider similar policy ideas that <br />would reduce the burden of this regulation within the City. <br />In conclusion, we strongly encourage the City Council to oppose any suggestions of expanding this policy. <br />Furthermore, once Council direction is given, we ask that the Building Industry have adequate time to study <br />final proposal before the scheduled hearing date. Moreover, we encourage a review of the six recommendati <br />found in the Housing Future Initiatives, a policy that the Santa Ana City Council supported and passed in <br />resolution form in 2016. This document, created by the BIA/OC as an alternative to Inclusionary Zoning, of: <br />solid starting points for policy creation that are in -line with the values of Santa Ana. <br />Thank you for your thoughtful consideration <br />Respectfully, <br />Steven C. LaMotte <br />CEO <br />BIAOC <br />