title
CC - Adoption of an Ordinance Adding Subchapter 15.06.400, Affordable Housing Commercial Development Linkage Fee, to the Culver City Municipal Code Establishing an Affordable Housing Commercial Development Linkage Fee of $5 Per Net Leasable Square Foot, which will be Applied to New Non-Residential Development and Used to Create Affordable Housing.
body
Meeting Date: July 12, 2021
Contact Person/Dept: Todd Tipton CDD/Economic Development
Phone Number: 310-253-5783
Fiscal Impact: Yes [] No [X] General Fund: Yes [] No [X]
Public Hearing: [] Action Item: [] Attachments: [X]
Commission Action Required: Yes [] No [X] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (07/07/2021); (Posted) City Website (07/07/2021)
Department Approval: Sol Blumenfeld, Community Development Director (07/01/2021)
_____________________________________________________________________
RECOMMENDATION
Staff recommends the City Council adopt an Ordinance adding Subchapter 15.06.400, Affordable Housing Commercial Development Linkage Fee, to the Culver City Municipal Code establishing an Affordable Housing Commercial Development Linkage Fee of $5 per net leasable square foot, which will be applied to new non-residential development and used to create affordable housing (Attachment 1).
BACKGROUND/DISCUSSION
The City Council has expressed interest in facilitating the production of low, moderate and workforce housing in the City to address the problem of housing affordability and satisfying state and regional affordable housing mandates. To date, the City Council adopted Rent Control and Tenant Protection Ordinances and recently adopted a Mixed-Use Inclusionary Ordinance to preserve existing affordable units and expand opportunities for new affordable unit development.
The City Council also expressed interest in pursuing Linkage Fees. With the wind down of redevelopment agencies in 2012, most cities hav...
Click here for full text