Title
Recommendation to Accept the Five-Year Outlook for Housing Development Fiscal Years 2020-25. (Community Development 266)
Body
To: Honorable Mayor and Members of the City Council
EXECUTIVE SUMMARY
The Housing Authority of the City of Alameda (Housing Authority) and the Community Development Department (CDD) are jointly submitting this Five-Year Outlook for Housing Development Fiscal Years (FY) 2020-25 (Report).
BACKGROUND
The purpose of this report is to provide an update to City Council on the five-year development pipeline for rental projects and market-rate residential projects with an inclusionary housing requirement.
In 2010, the Housing Authority Board adopted the Development Policies, which were then updated in 2015 with the submittal of the 2015-20 Five Year Outlook. In 2020, the City of Alameda (City) restarted certain functions of the housing and community development scope, but maintained a contract with the Housing Authority to provide housing development services. As part of that contract, a pipeline report must be submitted to the City Council every five years.
In December 2015 (file #2015-2375), Housing Authority staff presented a similar five-year report to the City Council. Since then, successful affordable housing projects have been completed at Corsair Flats (senior), Everett Commons (family), Littlejohn Commons (senior) and Stargell Commons (family). In addition, Rosefield Village and The Starling, which are both family developments, are currently under construction.
Housing Authority staff plan to take the Report to the Housing Authority Board of Commissioners at the April 21, 2021 meeting.
DISCUSSION
There are 17 active or proposed development sites, which are described in more detail in the attached report, shown as Exhibit 1. The list of developments includes affordable homes that are created from the City's inclusionary housing ordinance by market-rate developers, affordable housing developments commissioned by th...
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