HomeMy WebLinkAboutCity Council - 2007-29RESOLUTION NO. 2007-29
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH SETTING FORTH AN AFFORDABLE HOUSING
IN-LIEU FEE AS AUTHORIZED BY ZONING & SUBDIVISION
ORDINANCE 3687 SECTION 230.26
WHEREAS, on November 1, 2004 the Council adopted Ordinance/No. 3687 adding
Zoning & Subdivision Ordinance Section 230.26, relating to the goals /and objectives of the
City's Housing Element, which is intended to encourage very-low, 1/oWand median housing;
WHEREAS, pursuant to Section 230.26(b)(4), developeryof residential projects
consisting of nine or fewer units may elect to pay a fee in lieu of providing affordable units on
site to fulfill the requirement of the City's Inclusionary Housing Ordinance, unless the affordable
housing requirement is outlined as part of a Specific Plan Project;
WHEREAS, the City Council has received the report from Keyser Marston Associates
dated January 23, 2006, which includes an analysis pertaining to the City's Inclusionary Housing
Ordinance and proposes an in-lieu fee consistent wall the provisions of Zoning & Subdivision
Ordinance Section 230.26. A copy of this study is attached hereto as Exhibit A and incorporated
herein by this reference.
NOW, THEREFORE, the City Courifcil of the City of Huntington Beach does hereby
resolve as follows:
1.The Keyser Marston report attached hereto as Exhibit A is received and filed.
2.The proposed per square foot in-lieu fee shall be as follows:
Project/Size Ownership Rental
Three Units $8.28 $4.48
Four Uniis $9.29 $5.04
Fi ve Ufil ts $10.41 $5.60
Six Llitits $11.42 $6.16
Se.en Units $13.32 $7.16
Eight Units $13.54 $7.28
/Nine Units $14.55 $7.84
2. An Affordable Housing Trust Fund shall be created and used to receive all
deposits of in-lieu fees paid pursuant to Zoning & Subdivision Section 230.26. Interest shall
accrue to the fund and no other funds shall be commingled.
NO ACTION
TAKEN1
06-494/7217
Resolution No. 2007-29
3.Monies in the Affordable Housing Trust Fund shall be used only to fund/projects
which have a minimum of fifty (50) percent of the dwelling units affordable to very-lyW and low
income households, with at least twenty (20) percent of the units available to very-low income
households based on the Orange County median income, adjusted for appropriate /family size, as
published by the United States Department of Housing and Urban Development/or established
by the State of California, pursuant to Health and Safety Code Sections 50079!/5 and 50093, or a
successor statute.
4.Permitted uses of the Affordable Housing Trust Fund shall be at the Council's/discretion and include for pre-development costs, land or air rights acqiusition, rehabilitation,,
land write-downs, administrative costs, gap financing, and lowering/the interest rate of
construction loans or permanent financing./
/5.Any units that obtain or benefit from the Affordable Housing Trust Funds shall
maintain the affordability of the units for a minimum of sixty'(60) years.
6.The Affordable Housing Fee shall be updated every two years beginning in
January 2008.
7.The Affordable Housing In-Lieu Fee shall be adjusted every January beginning
2008 by the Cost of Living Index.
8.The City Administrator or her designee shall administer the Affordable Housing
Trust Fund and shall provide an annual repor to City Council, which report shall include the./beginning balance, ending balance, a description of the projects funded or to be funded each
fiscal year. The first annual report shall p/e provided on or before December 1,2007 for the
/
2006-07 fiscal year.
/PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the / day of , 2007.
Mayor
Se/
NO CTION
T EN
PPRO.KED AS TO FORM:dir
• AA•J4-.
Attorn:f 1-111U101"
INITI I ED A D APPROVED:
Director of Planning
06-494/7217