Alex Nunez
speaker
7,337 appearances
30 recordings
2 series
first heard Oct 2023
last heard 19 Aug
Alex Nunez’s voice in public audio — every appearance, attributed to the second.
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The amendments also revise the delivery timeline to include a provision that if the offsite development is not completed, the developer must comply with the 15% BMR objective standard.
And now I will pass it on to affordable housing manager, Julie Barnard, who will present the remaining BMR ordinance amendments.
Thank you, Anna.
Our third and final alternative compliance measure is acquisition and preservation.
So the city does have one existing example that these measures have been modeled off of and that is 660 Mariposa.
In order for an acquisition preservation project to be eligible, the acquired sites will need to be on a different site and also not subject to existing deed restrictions.
The locational requirements align with the other two alternative compliance approaches with the addition of CSFRA units being eligible.
The affordability levels, oh, I skipped ahead.
A developer will need to demonstrate how they meet the rehabilitation and physical needs standards through providing an assessment of the existing conditions, the improvements that are required, as well as those rehabilitation costs.
The affordability levels must align with the BMR program.
The acquisition preservation project must meet the same number of bedrooms that would have been provided on site.
With the caveat that studios have a half unit value.
Staff recognize that this might be challenging for a developer to secure a building that has an exact match of bedroom and unit sizes and therefore will allow a developer to exceed the number of units that would have been required
but at a 1.5 times threshold.
So this will provide the program with flexibility while also balancing the unit sizes.
The first four standards here align with those that were discussed in the other, in offsite development.
So if the acquisition preservation project requires relocation assistance, the developer or the applicant must remain consistent with the city's TRAO provisions.
Finally, both projects are to receive their certificate of occupancies concurrently.
Council accepted all of staff's recommendations.
For the third amendment, staff were instructed to review the in lieu fee escalator index, which is currently CPI.
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