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Agenda Packet_2022-05-03
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Agenda Packet_2022-05-03
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Agenda Packet
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5/3/2022
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Quarterly Report for Housing Division Projects and Activities <br /> May 3, 2022 <br /> Page 8 <br /> Land Resource Very Low Moderate Above . . <br /> Income I M- e I Income Income <br /> RH NA 606 362 545 1,624 3,137 <br /> Total Pipeline' 414* 689 2 5,064 6,169 <br /> ADU Projections' 90 155 108 7 360 <br /> Moderate Pipeline ; 203 <br /> Balance to 102 -482 232 -3,244 -3,392 <br /> Accommodate <br /> 1.Pipeline projects include projects that have been approved,permitted,or received a certificate of orcupancy after lone 30,2021.Affordability levels for pipeline projects are all based on wvenants and affordability restricti—thatare part <br /> of project application or entitlement. <br /> 2.The total Accessory Dwelling Unit projection is based on a conservative estimate(less than 65 percent)of the permitted four-year average of 70(2018-2021,extrapolating 2021 to a full year)ADUs per year,multiplied by the Planning <br /> period in number of years.The affordable category projections are based on the SCAG study on ADU affordability for Orange County that found the following percentages of units fell into each respective affordability category:25 percent <br /> very low;43 percent low,30 percent moderate;and 2 percent above moderate. <br /> 3.Moderate pipeline unit totals taken from total above moderate pipeline units and reciassified as moderate based on survey results.The 203 units that were reel—ied appear in the Total Pipeline but do not appear is the balance of <br /> above-moderate RHNA to accommodate,rather,have been carded over to the moderate category. <br /> °A total of 281 units are for extremely very-low Income:44units in Legacy Square;85 units at Crossroads at Wash Ington;89un Its at North Harbor Village;and 63 units at Westview House. <br /> FISCAL IMPACT <br /> There is no fiscal impact associated with this action. <br /> EXHIBIT(S) <br /> 1. Available Funds for Affordable Housing Development Projects <br /> 2. Available Land Assets for Affordable Housing Development <br /> 3. Project Timelines <br /> Submitted By- Steven Mendoza, Assistant City Manager <br /> Approved By- Kristine Ridge, City Manager <br /> City Council 16 — 8 5/3/2022 <br />
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