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POWERPOINT - 75B_HOUSING OPPORTUNITY ORDINANCE_FINAL REV
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08/04/2015
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POWERPOINT - 75B_HOUSING OPPORTUNITY ORDINANCE_FINAL REV
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8/5/2015 1:20:33 PM
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8/5/2015 1:20:29 PM
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City Clerk
Agency
Planning & Building
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75B
Date
8/4/2015
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RECOMMENDATION & ALTERNATIVES <br />Recommendation: <br /> <br />Adopt Proposed Draft Amended Ordinance <br /> <br />Alternative 1: <br /> <br />Allow applicants with projects of 21 or more units to pay an in-lieu <br /> <br />fee at a higher flat rate established by the City Council; <br />Establish the higher in-lieu fee high enough to sufficiently fund <br /> <br />building new affordable housing through open, competitive public <br />process <br />Alternative 2: <br /> <br />Allow applicants with projects containing up to 50 units to be eligible <br /> <br />for paying the in-lieu fee <br />Alternative 3: <br /> <br />Make no change <br /> <br />21 <br />
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