HomeMy WebLinkAboutPC_2008-02-28_AgendaPacketCITY OF ATASCADERO
COMMUNITY DEVELOPMENT DEPARTMENT
NOTICE OF CITY COUNCIL,
PLANNING COMMISSION
STUDY SESSION ON
AFFORDABLE HOUSING STRATEGY
(PLN 2007-1266)
NOTICE IS HEREBY GIVEN that the City Council and Planning Commission of the City of
Atascadero will hold a Study Session meeting on Thursday, February 28, 2008, at City Hall,
Council Chambers, 6907 EI Camino Real, Atascadero, beginning at 6:00 P.M. The purpose of
this Study Session is to allow Council members and Commissioners an opportunity to review
and discuss affordable housing issues and opportunities in Atascadero.
Meeting
City Hall, Council Chambers, 6907 EI Camino Real, Atascadero, CA 93422
Location:
Meeting
Thursday, February 28, 2008
Date/Time:
6:00 P.M.
The public is invited to attend and will be given an opportunity to speak during the Study
Session. Written comments are also accepted by the City Clerk, prior to the meeting at 6907 EI
Camino Real, Atascadero, CA 93422 and will be distributed to the City Council. If you have any
questions, please feel free to call Planning Services at 461-5000, Ext. 3402 or visit the office at
6907 EI Camino Real.
2-13-08
Warren Frace, Community Development Director Date
T:A- 07 PLNs\PLN 2007-1266 Affordable Housing Strategy\Study Session Notice with letterhead.doc
6907 EL CAMINO REAL - ATASCADERO, CA 93422 - (805) 461-5000 - FAX 461-7612
ITEM NUMBER:
DATE: February 28, 2008
Special Joint Meeting
City Council, Redevelopment Agency, and
Planning Commission Study Session
Staff Report — Community Development Department
Affordable Housing Policy Development
RECOMMENDATION:
City Council and Planning Commission participate in the development of an Affordable
Housing Policy and Implementation Strategy.
REPORT -IN -BRIEF:
Staff seeks to engage the City Council and Planning Commission in the development of
an affordable housing policy and implementation plan for the City of Atascadero. The
study session will be staged in a workshop format with presentations, group activities,
and open discussion. The overall policy development process will include community
input and collaboration over the next three to four months.
The goal of this process is to develop an affordable housing policy that will implement
community goals. The approved policy should provide direction to staff for the
development of programs and projects that the City and Redevelopment Agency have
the capacity to implement and the ability to fund.
DISCUSSION:
Background: In December 2007 the Atascadero Redevelopment Agency selected
Tierra West Advisors (TWA) to aid in the creation of an Affordable Housing Policy and
Implementation strategy for allocation of Redevelopment Agency housing set-aside
funds, and City affordable housing in -lieu funds. A public outreach effort is under way
to aid in the development of this policy for the City of Atascadero taking into
consideration existing conditions, potential funding sources, and public support for
specific programs and projects. The affordable housing policy and implementation
strategy will be the result of these efforts.
ITEM NUMBER:
DATE: February 28, 2008
Analysis: Based on review of other communities and the experience of the consultant,
Tierra West Advisors, policy alternatives will be presented for discussion. It is
anticipated that these initial policy alternatives will result in the generation of additional
ideas and policies by Council, Commission, and members of the public for
consideration.
A public outreach meeting will be held March 5, 2008 at the Pavilion to receive
additional information from the public and interested parties. The information from the
two meetings will then be compiled into a draft document which will be presented to the
Council and Commission at a future study session. Based on direction obtained, the
document will be drafted into its final form.
It is expected that the policy and implementation plan will increase staff efficiencies and
work to ensure that projects meet State law, community goals, and funding source
requirements.
Conclusion: Staff is looking forward to working with the Council and the Commission in
the development of an affordable housing policy and implementation plan. There will
be a community meeting on March 5, 2008 as well as additional community outreach
facilitated by Tierra West Advisors throughout the coming weeks.
FISCAL IMPACT:
Redevelopment Agency Board authorized $32,130 for the development of a housing
policy and implementation plan.
ATTACHMENTS:
Tentative Project Timeline
Key Terms
ITEM NUMBER:
DATE: February 28, 2008
Attachment 1- Tentative Project Timeline
Joint Study Session
City of Atascadero Redevelopment Agency
Affordable Housing Policy and Strategy Development Process
Tentative Timeline:
Agency Board Approves Request for Qualifications and Proposals
for Affordable Housing Policy and Strategy Development Consultant July 24, 2007
Consultant Contract Approved November 27, 2007
City Council/Planning Commission Study Session at City Hall February 28, 2008
Community Meeting at The Pavilion March 5, 2008
Policy Development Draft Submitted by Consultant April 15, 2008
Consultant continues to receive community input and recommendations through April 25, 2008
Second City Council/Planning commission Study Session at City Hall April 29, 2008
Consultant submits Final Draft Housing Policy May 5, 2008
Staff review and comments provided for new Affordable Housing Policy May 13, 2008
Anticipated Adoption and Resolution for the new Affordable Housing Policy June 24, 2008
Initiate Housing Policy Strategies July 1, 2008
ITEM NUMBER:
DATE: February 28, 2008
Attachment 2 — Key Terms
Joint Study Session
AFFORDABLE HOUSING WORKSHOP
City of Atascadero — February 28, 2008
KEY TERMS
Area Median Income (AMI): A formula provided by the State that determines family
income levels for the County that then provide the basis for determining the income level
of families the agency is trying to assist.
Very Low, Lower, Median, and Moderate: These are the terms for the various income
levels, Atascadero has a need to provide affordable housing for 95 Very Low, 68 Low,
and 81 Moderate units.
Subsidy: The contribution from a City/Agency that will allow a very low-income family to
afford market rate rents.
u Fair Market Value: The Agency must determine the fair market value for any
acquisition. This is done through appraisals and comparable sales data.
0 Relocation: The Agency must provide funds for the proper relocation of tenants and/or
businesses for any property acquired.
Goodwill: The Agency must pay a specified amount to a business that is relocated for
loss of business or clients due to relocation.
L Tax Increment: Tax revenues that are sent directly to the Agency and are generated
from within the Project Area. 20% of which must be set-aside for Affordable Housing in
addition to other pass through amounts.
Market Rate: (A market rate is the prevailing rate available at any given time.)
Market rates are always in a state of flux. Supply and demand are the main factors.
However; materials, interest rates, overall economy, and demographics all play a role in
determining the current "market rate."
Affordability is related to market rates in terms of the difference between the market rate
and State mandated affordability levels.
In California that difference has caused a significant problem for affordable housing
advocates.
Tierra West Advisors 805.550.8898