pages: PlanningBoard/2012-03-12.pdf, 6
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PlanningBoard | 2012-03-12 | 6 | economically thriving community and achieve the jobs/housing balance. She questioned whether the City is continuing the First Time Buyer Program and Foreclosure Prevention found in page 12 (attachment 2) and page 13 of the staff report. She also wanted to know more about the Dedicated Housing Funds. Debbie Potter, Alameda Housing Authority, replied the Dedicated Housing Funds are two separate funding sources that the City receives from Affordable Housing In-Lieu fees. The in-lieu fees are received under the Inclusionary ordinance for projects that are fewer than 9-units and developers can pay a fee in-lieu of providing units. The second source is from Affordable Housing-Unit fees, which are payments from commercial developers who can pay a fee in-lieu of providing an affordable unit. The in-lieu fee funds the First Time Home Buyer Program or also called the Down Payment Assistance Program, which is operated within the City. The Alameda Landing project will include an in-lieu fee, as part of the residential portion of Alameda Landing. The project may or may not generate sufficient funds to continue the First Time Home Buyer Program, but as it stands, the City operates the program. The Foreclosure Program was something that the City was involved in when the foreclosure crisis began and Housing and Urban Development (HUD) was funding a variety of initiatives where the City received some funds early on, but subsequently have not received funds nor applied for funds and the foreclosure crisis has not hit too badly. Thus, the City is currently working with licensed programs like the Unity Council in Oakland. Board member Ezzy Ashcraft asked Ms. Potter to confirm whether the City would receive in-lieu fees from the non-residential portion. Ms. Potter stated the City would receive funds from the commercial portion and both pots of money will continue to fund the First Time Home Buyer Program. Board member Ezzy Ashcraft asked how the in-lieu and affordable housing unit fees are generally calculated. Ms. Potter replied it is part of the City's annual fee schedule. So, there is an in-lieu fee of $17,000 a unit if developers build a minimum of 5-units. The affordable housing unit fee depends on the type of non-residential development that is being built and the lowest rate is warehouse developments and the highest fee is for office development, which creates employment and housing impacts. She would get back to Board member Ezzy Ashcraft on the exact fees per development type. Board member Ezzy Ashcraft referred to Chapter 3 of the Housing Element (attachment 2) page 11, under the action plan about condominium conversions; she questioned whether the condo conversions code was active. During the 2001-2006 target, it was recommended that the condominium conversion code be reviewed in order to make it an attractive tool for providing affordable housing. Mr. Thomas replied that condominium conversion applications have not been submitted in quite some time, and there has not been any action on this particular target recently. Approved Meeting Minutes Page 6 of 23 March 12, 2012 | PlanningBoard/2012-03-12.pdf |