REQUEST FOR CITY COUNCIL AND
HOUSING AUTHORITY ACTION
SUBMITTED TO: Honorable Mayor and City Council Members
Honorable Chairperson and Board Members
SUBMITTED BY: Lori Ann Farrell Harrison, Interim City Manager
PREPARED BY: Kellee Fritzal, Deputy Director of Economic Development
Subject:
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Approve Affordable Housing Agreement for Tract No. 18147 Windbourne Residential Development (Franklin School Site) located at 14422 Hammon Lane and authorize City Manager to sign documents to effectuate the Agreement
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Statement of Issue:
Transmitted for City Council/Housing Authority consideration is an Affordable Housing Agreement for Tract No. 18147 (Windbourne Residential Development). This action is from a request by TRI Pointe Homes to approve an Affordable Housing Agreement for a single-family home development located at 14422 Hammon Lane. As required by the Huntington Beach Zoning and Subdivision Ordinance (HBZSO) Section 230.26 - Affordable Housing, ten percent of the 51 approved dwelling units are required to be affordable. The Agreement will restrict the sale of one (1) unit on-site to moderate income households for a period of 45 years, and fund four (4) off-site rental units for very low or extremely low-income persons for a period of 55 years, for a total of five (5.0) deed restricted units. Payment of a pro rata in-lieu fee is required with respect to the remaining fractional 0.1 unit.
Financial Impact:
The Affordable Housing In-Lieu Fund 217 will receive a total of $2,150,916.
Recommended Action:
recommendation
CITY COUNCIL/HOUSING AUTHORITY MOTION TO:
A) Approve and authorize the Mayor/Chairperson and City Clerk/Secretary to sign the Affordable Housing Agreement for Tract No. 18147 Windbourne Residential Development; and,
B) Authorize the City Manager to sign any and all related documents to effectuate the Agreement.
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Alternative Action(s):
Do not approve the Agreement and direct staff as necessary
Analysis:
On Septembe...
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