...Title
Public Hearing for Amendments to the Multifamily Housing Incentive Program.
...Recommendations
(a) Adopt a resolution:
(1) Adding to the Multifamily Housing Incentive Program, as adopted under Resolution RES2024-420 and further defined under Resolution RES2024-421, the specified multifamily housing projects formerly subject to the Affordable Housing Impact Fee Program.
(2) Adding Santana Row Lot 12, a proposed multifamily housing development located at 358 Hatton Street.
(3) Increasing the number of eligible units under the Multifamily Housing Incentive Program from 1,500 to 1,800 that may qualify for the period ending December 31, 2025.
(b) Approve an ordinance amending Sections 4.46.039.13 and 4.47.098 of the San José Municipal Code to increase the number of units from 1,500 to 1,800 that may qualify for a 50% reduction to the Commercial, Residential, Mobile Home Park tax and Building and Structure tax for developments that obtain a building permit before December 31, 2025, under the Multifamily Housing Incentive Program.
(c) Subject to a public subsidy hearing under the City of San José’s Sunshine Policy and California Government Code Section 53083, authorize the Housing Director to refund the unused $3,435,672 of previously paid Affordable Housing Impact Fees to Federal Realty, the developer of Santana Row Lot 12, located at 358 Hatton Street.
CEQA: Determination of Consistency with the Santana Row Expansion Project Environmental Impact Report (Resolution #77532, File No. PD15-066) certified September 22, 2015, for the Santana Row Lot 12 Permit Extension File Nos. PDA15-066-02 and ER24-047. (Housing/Planning, Building, and Code Enforcement/Transportation)