DATE: February 21, 2023
TO: Mayor and City Council
FROM: Assistant City Manager
SUBJECT
Title
Affordable Housing Ordinance: Discuss Findings from Affordable Housing Ordinance Feasibility Study and Proposed Modifications of the Affordable Housing Ordinance
RECOMMENDATION
Recommendation
That the City Council reviews and provides comments on the findings from the Affordable Housing Ordinance Feasibility Study and proposed Modification to the Affordable Housing Ordinance.
End
SUMMARY
In early 2020, with the intention of increasing the supply of affordable housing, Council directed staff to evaluate the existing Affordable Housing Ordinance (AHO) as part of the adoption of the "Preserve, Protect, Produce Housing for All" Priority in the Strategic Road Map and the Incentives to Housing Production work plan. In March 2022, the Homelessness Housing Task Force (HHTF) and the Planning Commission reviewed the outcomes and performance of the existing AHO and provided direction to staff regarding the goals and target populations to be served by any future revisions to the AHO. In consideration of the feedback established by the HHTF and the Planning Commission and in order to ensure economic feasibility of any proposed changes to the City's AHO, the City contracted with Strategic Economics Inc (the Consultant) to conduct a feasibility study. On September 28, 2022 and December 8, 2022, Strategic Economics presented preliminary finding to the HHTF and the Planning Commission respectively to discuss preliminary findings of the feasibility study and receive feedback. The purpose of the report is to discuss the findings and recommendations of the feasibility study and prior feedback.
Findings related to the current AHO show that:
? While Hayward had lower inclusionary housing requirements than other comparable jurisdictions, Hayward produced more inclusionary units than most of the other comparable jurisdictions;
? There i...
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