Title
Recommendation to Accept the Five-Year Pipeline Report for Affordable Housing. (Affordable Housing 266)
Body
To: Honorable Mayor and Members of the City Council
From: Elizabeth D. Warmerdam, Interim City Manager
Re: Recommendation to Accept the Five-Year Pipeline Report for Affordable Housing
BACKGROUND
The purpose of this staff report is to present the Housing Authority's (AHA's) five-year development pipeline for affordable rental projects and market-rate residential projects with an inclusionary housing requirement. In October 2010, City staff presented a similar five-year report to the City Council. Since then, successful affordable projects have commenced or been completed at Park Alameda Apartments (2012), Jack Capon Villas (2013), and Alameda Landing (under construction). Together, these three projects include 129 subsidized and affordable housing units.
In 2010, the City's Housing Division and the Housing Authority were consolidated. The Housing Authority has implemented the City's housing programs and policies via a staffing services agreement for the last five years. Since 2010, several significant events that affect affordable housing development have occurred. In 2012, the Community Improvement Commission was administratively dissolved and the Housing Authority became the Successor Housing Agency. Also in 2012, the State of California certified the Housing Element of the City's General Plan for the first time in over 20 years. In 2014, the City's 2015-2023 Housing Element was certified. Also in 2014, the Housing Authority formed Island City Development (ICD) as a non-profit affiliate and ICD was approved by the State Tax Credit Allocation Committee as eligible to apply for tax credits. In June 2015, the State Supreme Court released a ruling that set a legal precedent to support local inclusionary housing policies.
The City's success in partnering to build affordable housing during the first five-year period and the changi...
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