...Title
Actions Related to the Implementation of the Affordable Housing Impact Fee and Inclusionary Housing Ordinance Programs.
...Recommendations
(a) Adopt a resolution amending the 2017-2018 City of San José Schedule of Fees and Charges (Resolution No. 72737, as amended) to establish an In-Lieu Fee of $158,343 per unit for rental developments subject to the Inclusionary Housing Ordinance Program effective January 1, 2018.
(b) Adopt a resolution that amends Resolution No. 77218 as previously amended by Resolutions No. 78010 and 78392 (collectively the “Housing Impact Fee Resolution”) to address the transition between the Affordable Housing Impact Fee and Inclusionary Housing Ordinance Programs providing that new rental projects whose applications for first approval are completed after March 31, 2018, will be subject to the Inclusionary Housing Ordinance; and that additional guidance will be provided in the regulations.
(c) Accept staff report and direct staff to bring to the City Manager for approval amendments to the Inclusionary Housing Ordinance Guidelines regarding (1) rental developments; (2) the transition from Affordable Housing Impact Fee including alternative process for projects built on land leased from a public agency; and (3) coordination with the existing Inclusionary Housing Policy.
CEQA: Not a Project, PP17-004, Government Funding Mechanism or Fiscal Activity with no commitment to a specific project which may result in a potentially significant physical impact on the environment. (Housing/City Manager)