AGENDA CAPTION:
Title
Receive a presentation from staff and consider Resolution 2022-54R, approving amendments to the Low-Income Housing Tax Credit ("LIHTC") Policy section of the Affordable/Workforce Housing Policy to clarify the process for consideration, adjust the unit mix for tax-exempt projects, and provide additional considerations for review of LIHTC projects, and declaring an effective date.
Body
Meeting date: March 1, 2022
Department: Planning & Development Services
Amount & Source of Funding
Funds Required: N/A
Account Number: N/A
Funds Available: N/A
Account Name: N/A
Fiscal Note:
Prior Council Action: The Affordable / Workforce Housing Policy was adopted by City Council in July, 2014 and has been amended twice (March, 2017 & June, 2018).
City Council Strategic Initiative: [Please select from the dropdown menu below]
Choose an item.
Workforce Housing
Choose an item.
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
? Economic Development - Choose an item.
? Environment & Resource Protection - Choose an item.
? Land Use - Choose an item.
? Neighborhoods & Housing - Diversified housing options to serve citizens with varying needs and interests
? Parks, Public Spaces & Facilities - Choose an item.
? Transportation - Choose an item.
? Core Services
? Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Choose an item.
Background Information:
Click or tap here to enter text.
Council Committee, Board/Commission Action:
The City Council Workforce Housing Committee discussed amendments to the Affordable / Workforce Housing Policy in 2020 and 2021 as part of more focused discussions on proposed LIHTC projects. At the Committee meeting on September 29, 2021 staff presented the attached redline document, which included input from Planning & Development Services, Police, and Fire Departments. The Committee indicated their sup...
Click here for full text