EXECUTIVE SUMMARY

This report presents background information regarding several issues to be addressed in considering possible revisions to the City’s Inclusionary Housing Ordinance, which was adopted in 2004. This Ordinance requires that all ownership subdivisions of 10 or more units, whether new construction or condominium conversions, are required to provide 15% of the total units as “inclusionary units.” This requirement applies equally to residential zones and commercial zones. Inclusionary units must be sold at prices affordable to middle-income households. Developers are entitled to a density bonus for the inclusionary units.

The Housing Policy Steering Committee, comprising 3 members of the City Council and 3 members of the Planning Commission, has been requested by Council to review and make recommendations about several important housing policy issues, including possible revisions to the Inclusionary Housing Ordinance. The Committee is considering issues such as whether the Inclusionary Ordinance should apply to projects with fewer than 10 units, and whether the inclusionary percentage should be increased from the current 15%.

Documents:

·        Inclusionary Report to HPSC-12

·        Inclusionary Appendix A

·        Inclusionary Appendix B

·        Inclusionary Appendix C

·        Inclusionary Appendix D