REQUEST FOR CITY COUNCIL / HOUSING AUTHORITY ACTION
SUBMITTED TO: Honorable Mayor / Board Members
SUBMITTED BY: Sean Joyce, Interim City Manager / Interim Executive Director
VIA: Ursula Luna-Reynosa, Director of Community Development
PREPARED BY: Charles G. Kovac, Housing Manager
Subject:
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Approve and authorize execution of a Density Bonus and Affordable Housing Agreement with S.G.V. Property Fund LLC for the 18-unit townhome project located at 17532 Cameron Lane
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Statement of Issue:
It is recommended that the City Council approve a Density Bonus and Affordable Housing Agreement ("Agreement") between the City of Huntington Beach ("City") and S.G.V. Property Fund ("Developer") to facilitate the development of a 0.91 acre site located at 17532 Cameron Lane ("Project"). The Project consists of 18 townhomes, of which, this Agreement will restrict 2 units for moderate income households for 45 years.
Financial Impact:
Not applicable.
City Council and Housing Authority Recommended Action:
recommendation
A) Approve the "Density Bonus and Affordable Housing Agreement for 17532 Cameron Lane, Huntington Beach, by and between the City of Huntington Beach, a California Municipal Corporation and S.G.V. Property Fund LLC, a Limited Liability Corporation," for the development an 18-unit townhome project; and,
B) Authorize the City Manager or their designee to implement and execute the Density Bonus and Affordable Housing Agreement for the Project, including all necessary related documents; and
C) Authorize the Executive Director or their designee to execute all necessary implementing agreements and related documents.
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Alternative Action(s):
Do not approve and direct staff accordingly.
Analysis:
On October 12, 2021, the Developer received approval from the Planning Commission for Tentative Tract Map No. 19154 and CUP No. 21-006 to develop an 18-unit townhome project at 17532 Cameron Lane. The 0.91 acre Project site is vacant and is located ...
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