Agenda Packet_2022-02-01 - Laserfiche WebLink

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Quarterly Report for Housing Division Projects and Activities February 1, 2022 Page 8 RHNA 606 362 545 1,624 3,137 Total Pipeline' 414* 689 2 5,064 6,169 ADU Projections2 90 155 108 7 360 Moderate Pipeline 3 203 Balance to 102 -482 232 -3,244 -3,392 Accommodate 1.Pip.line projects include projects that have been approved, permitted, --wed .certificate of occupancy after June 30,2021. Afford.bilay levels for pipeline projects are all based an covenants and affordability restrictions that... part of project pp l hall on or anti dement. 2.The total Accessory Dwelling Unit projection is based on a conservative estimate (less than 65 percents of the permitted four-year average of 70 (2018-2021, extrapolating 2021 to a full years ADUs per year, multiplied by the planning period in nomber of years. The affordable category projections are based on the SLAG study on ADU affordability for Orange County that found the following percentages of orals fell into each respective affordability, category 25 percent very low; 43 percent low, 30 percent moderate; and 2 percent above moderate. 3.Moderate pipeline unit totals taken from total above moderate pipeline units and reclassified es moderate based on survey results. The 203 unitsthat were reclassified appear in the Total Plpeline but do not appear in the belance of ahave-moderate RHNA to accommodate, rather, have been carried over to the moderate category. .Atotalof281 units .reforextremelyvery-iow income: 44unitsin l S-ySquare; 85units .[Crossroads a[Washington;89onitsat North Harbor Village and 63 unitsat Westvlew House. FISCAL IMPACT There is no fiscal impact associated with this action. EXHIBIT(S) 1. Available Funds for Affordable Housing Development Projects 2. Available Land Assets for Affordable Housing Development 3. Project Timelines Submitted By: Steven Mendoza, Assistant City Manager Approved By: Kristine Ridge, City Manager City Council 8-8 2/1/2022