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Housing Ad Hoc Committee Progress Report and Recommendations <br />July 6, 2021 <br />Page 4 <br />1 <br />8 <br />7 <br />8 <br />Next Steps <br />If the City Council desires to move forward with the changes recommended by the <br />Housing Ad Hoc Committee, it is feasible to complete the final drafting of the ordinance <br />and initiate the ordinance adoption process within 45 to 60 days upon receiving final <br />direction. <br />Following approval of the amendments to the HOO, the Housing Ad Hoc Committee will <br />reconvene and continue to discuss the remaining topics below and may return in the <br />future with recommendations for each topic: <br /> <br />a.Rent Stabilization/Rent Control <br />building permits during the current <br />economic climate. The new ordinance will <br />be likely be effective after October 1, <br />2021, and the provision for “Entitled <br />Residential Projects” no longer applies. <br />The amendments also apply to the timing <br />of payment from issuance of the building <br />permit to issuance of the certificate of <br />occupancy in order to make the larger fee <br />more reasonable to pay after the project is <br />developed. <br />41-1906 Standards: <br />Revised the term of <br />affordability for <br />ownership and rental <br />units on-site <br />This section is amended to require units <br />for sale and rental units that are built on- <br />site to be affordable in perpetuity as an <br />enhancement. <br /> <br />41-1909 Inclusionary Housing <br />Fund: Clarifies the use <br />of the in-lieu fees <br />collected <br />This section is amended to further clarify <br />the use of in-lieu fees paid to the City. It <br />provides the Community Development <br />Agency with a priority for the use of the <br />funds for large families and allows the <br />funds to be used for additional one- <br />time programs addressing housing <br />security, eviction prevention, and housing <br />legal assistance for city residents. <br />41-1910 In-lieu fee calculation: <br />Provides for periodic <br />review at the option of <br />the City Council <br />This section is amended to provide for <br />periodic review of the in-lieu fee when <br />determined to be appropriate by the City <br />Council.