HomeMy WebLinkAboutAffordable Housing ReportSummary of Recommended Actions
1. Continue to fund existing local programs including GRIP and UniverCity
2. Adopt an Inclusionary Zoning code amendment for the Riverfront Crossings District
3. Adopt code amendments that enable the FUSE Housing First use in the community
4. Provide staff funding direction heading into the FY 18 budget process
Staff recommends aiming for $500,000 to $1,000,000 depending on budget conditions
Recommended revenue sources include district -wide TIF in the urban core and property tax
Develop an annual process for distributing dollars from the City's newly created Affordable
Housing Fund
Staff recommends 50% to the Johnson County Housing Trust Fund
30% held in reserve for land banking or emergent situations determined by the City Council
20% directed to HCDC for LIHTC support or supplemental aid through the CDBG / HOME application processes
Summary of Recommended Actions
Hold the $1,900,000 million in housing authorityfunds for an opportunity to leverage significant
private investment and/or to develop/acquire low income replacement housing
Consider an annexation policy that provides for affordable housing contributions
Consider use of TIF on a case by case basis to support residential development and/or
annexation through the provision of public infrastructure and capture the required LMI set-aside
for use throughout the community (Ex: McCollister and Foster Road)
9. Pursue regulatory changes to City Code:
Waive parking requirements for affordable units in RFC and downtown
Review possible changes to the multi -family design standards for all units in an effort to reduce cost and expedite approvals
Eliminate minimum size requirements for PUDs
Increase allowable bedrooms from 3 to 4 outside the University Impact Area (keep occupancy at 3)
Permit more building types by right as opposed to requiring a PUD process (density, multiplex units, cottage clusters, etc)
10. Pursue a Form -based code for the Alexander Elementary neighborhood and the downtown core
Summary of Recommended Actions
Strategically seek LIHTC projects through an RFP process overseen by the HCDC (ties to use of
the Affordable Housing Fund)
Create a committee of staff, developers and other interested stakeholders to determine the
viability and potential parameters of a tax abatement program that would support affordable
housing
13. Exempt the Riverfront Crossings, Downtown and University Impact Areas from the Affordable
Housing Location model and consider modifications to reduce size of restricted areas and/or
account for neighborhood densities
14. Tenant Displacement
Council approval of major site plans when 12 or more households will be displaced and there is no accompanying rezoning
Such applications would require a transition plan to better inform residents and the general public (requires a comprehensive plan
amendment)
Mailings to current residents could be required upon application and a good neighbor meeting would be encouraged
Rent abatement for emergency orders when vacation of property is not necessary
Annexation /Development with TIF
McCollister Extension = $3,500,000
Required LMI set-aside = $1,575,000
45% LMI in County
Collected over life of TIF as increment is
produced (10 year period)
Set aside can be used within the Urban Renewal
Area or elsewhere in the community
Note: City does not need to use 100% of the TIF
increment. In many cases it may be necessary
to use a portion of the increment and allow the
remainder to be distributed to the taxing
bodies for operational support