...Title
Public Hearing to Approve a Multifamily Housing Incentive Program Residential Tax and Fee Waiver for the Santana Row Lot 12 Development at 358 Hatton Street. NOT TO BE HEARD BEFORE 1:30 P.M.
...Recommendations
(a) Conduct a public hearing to approve an economic development tax and fee waiver in connection with a reduction in construction taxes and a reduction of the Inclusionary Housing Ordinance in-lieu fee, and a refund of $3,435,672 in Affordable Housing Impact Fee payments for the Santana Row Lot 12 development located at 358 Hatton Street, which meets the requirements of the Multifamily Housing Incentive Program enacted and amended by the City Council on May 13, 2025, in an amount of up to $7,913,568 pursuant to California Government Code Section 53083 and Open Government Resolution No. RES2024-99 Section 2.3.2.6.C.
(b) Adopt a resolution approving the tax and fee waiver and authorizing the Housing Director, or his designee, to negotiate and execute documents and document amendments related to implementing the Multifamily Housing Incentive Program, such as construction progress agreements.
(c) Adopt the following 2024-2025 Appropriation Ordinance amendments in the Affordable Housing Impact Fee Fund:
(1) Decrease the Housing Project Reserve appropriation by $3,435,672; and
(2) Increase the Housing Loans and Grants appropriation to the Housing Department by $3,435,672.
CEQA: Determination of Consistency with the Santana Row Expansion Project Environmental Impact Report (Resolution No. 77532), File No. ER24-047. Council District 1. (Housing/Planning, Building and Code Enforcement/Transportation/City Manager)