Title
Study Session to Discuss Incentives to Increase Housing at Alameda Point. (Base Reuse and Economic Development)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
This study session is to provide baseline information about the housing activity and opportunities at Alameda Point, and to explore approaches to catalyze additional future housing at Alameda Point. Topics covered include a summary of development and planning activity to date that supports housing, the current policy and economic context guiding development of Alameda Point housing, economic realities of housing construction in 2024, and next steps.
BACKGROUND
Current Status of Housing Development
Since the Navy conveyance of the former Naval Air Station to the City of Alameda (City), Alameda has built and approved 2,251 housing units, of which 25 percent are affordable to lower income households (these numbers exclude existing units at Alameda Point). Construction of two major master-planned developments - Site A and West Midway/RESHAP - are underway, with RESHAP's horizontal improvement breaking ground in July 2024.
There is room for more housing development in Alameda Point, with an estimated 129 acres of land zoned for residential development, mixed-use with residential, or adaptive reuse with residential (Exhibit 1). Moreover, the City has indicated its support for playing its part in addressing the regional housing crisis, committing to 10,000 new homes in its 2040 General Plan, and being the first local jurisdiction in the State to complete a certified housing element in the 2023-2031 cycle, identifying future locations for over 5,300 new homes.
Local Planning and Policy Context
A number of local planning documents specifically guide development at Alameda Point and have set forth design and land use regulations for future housing development. These include:
* The Main Street Neighborhood Specific Plan (2014)
* The Waterfr...
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