pages: PlanningBoard/2017-07-24.pdf, 6
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PlanningBoard | 2017-07-24 | 6 | Board Member Knox White said they received an email supporting a land value tax as an alternative to increasing inclusionary requirements. He asked if the city could issue affordable housing bonds. Staff Member Potter said it would require a vote of the people, similar to the countywide A1 bond last year. Board Member Sullivan asked if we know what is best for the city between affordable by design or subsidized housing. Staff Member Thomas said they feel like they need to look at all segments of the problem. Board Member Burton asked if the density bonus law could allow developers a way out of building the affordable by design units. Staff Member Thomas said they only grant a waiver if the developer can show that it makes it physically impossible to fit the number of units on the site. He said they have never received a request for a financial concession which would require them to show their pro forma to prove the hardship. President Mitchell asked if we could do an affordable by design study. Staff Member Thomas said they could. He said the requirement would create a strain on townhome and single family home developments, but all rental apartment projects would have no problem meeting it. President Mitchell opened the public hearing. Laura Thomas said Alameda has done a good job of channeling developer profits into public benefits. She said the money for inclusionary housing comes from developer profits. She suggested using boomerang funds, potential profit sharing from Site A, or a bond, for affordable housing. President Mitchell closed the public hearing. Board Member Köster said he agreed with the staff report. He said he liked using unit size to define the affordable by design requirements. Board Member Knox White said he would like to stop using "workforce housing" which leaves out workers on either side of the income spectrum from that definition. He said he is basically supportive of the staff recommendation. He said we have to be part of the solution to the regional housing crisis. He said our recommendation should be to have council look at funding sources for affordable housing. Approved Minutes Page 6 of 9 July 24. 2017 | PlanningBoard/2017-07-24.pdf |