HomeMy WebLinkAboutCity Council - 2019-34 RESOLUTION NO. 2019-34
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH AMENDING RESOLUTION NO 2007-71 TO EXPAND
THE PERMITTED USES OF THE AFFORDABLE HOUSING TRUST FUND
WHEREAS, on November 1, 2004 the City 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, low and median income
housing;
Pursuant to Section 230.26(B), a minimum of ten(10) percent of all residential
construction projects of three (3) or more units must provide affordable housing units;
Pursuant to Section 230.26(b)(4), developers of certain residential projects may elect to
pay a fee in lieu of providing the required affordable units on site to fulfill the City's requirement
of the Inclusionary Housing Ordinance, unless the affordable housing requirement is outlined as
part of a Specific Plan Project;
On October 15, 2007, the City Council adopted Resolution No. 2007-71 establishing a
per project in-lieu fee, requiring the fee to be adjusted by the Cost of Living Index every January
beginning 2008, and established permitted uses of the Affordable Housing Trust Fund;
The City Council desires to amend Resolution No 2007-71 to expand the permitted uses
of the Affordable Housing Trust Fund.
NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby
resolve as follows:
1. Amend Section 4 of Resolution 2007-71 as follows:
Monies in the Affordable Housing Trust Fund may be used to fund projects to create shelter
facilities or any project which have a minimum of fifty (50) percent of the dwelling units
affordable to very-low 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.
2. Amend Section 5 of Resolution 2007-71 as follows:
Pe?-mitted uses of the Affordable Dousing Trust Fund shall be at the Council's discretion and
include for pre-development costs, land or air rights acquisition, rehabilitation, homeless
sheltering, land write-downs, administrative costs, gap financing, and lowering the interest.ate
of construction loans or permanent financing.
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Resolution No. 2019-34
3. All other provisions of Resolution No 2007-71 remain in full force and effect.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the day of
Mayor
ATTEST: APPROVED
City Clerk el y torney
RE WED APPROVE)): ITIAT,P�D� ROVED:
ty Manager Director of Community Development
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NO
ACTION TAMN
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