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CC: HA - Approval of a Professional Services Agreement with Keyser Marston Associates to Prepare an Inclusionary Housing Program including Market Analysis, Affordability Gap Analysis and Pro Forma Model to Formulate an Inclusionary Housing Ordinance.
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Meeting Date: December 10, 2018
Contact Person/Dept: Tevis Barnes/Housing Division
Sol Blumenfeld/CDD
Phone Number: (310) 253-5700
Fiscal Impact: Yes [] No [] General Fund: Yes [] No []
Public Hearing: [] Action Item: [] Attachments: []
Commission Action Required: Yes [] No [] Date:
Public Notification: (E-Mail) Meetings and Agendas - City Council (12/05/18);
Department Approval: Sol Blumenfeld, Community Development Director (11/20/18)
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RECOMMENDATION
Staff recommends the City Council and Housing Authority Board approve a professional services agreement with Keyser Marston Associates (KMA) to prepare an Inclusionary Housing Program (Program) including Market Analysis, Affordability Gap Analysis and Pro Forma Model to formulate an Inclusionary Housing Ordinance.
BACKGROUND
The City Council adopted the FY 2018-2019 City Budget which includes the Housing Division work program with 26 affordable housing and homeless programs including adoption of an Inclusionary Ordinance. During the budget hearings, the City Council directed that staff prioritize the proposed housing programs. Adoption of an Inclusionary Ordinance is considered a high priority program as it will make affordable housing a requirement of new mixed use developments.
DISCUSSION
The KMA proposal (Proposal) addresses citywide Inclusionary Housing through the City's Mixed Use Ordinance and Government Code Section 65915 (State Density Bonus Law). In order to prepare an Inclusionary Housing Ordinance, the City must examine the feasibility of Inclusionary Housing given specified percentages and levels ...
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