REQUEST FOR CITY COUNCIL / HOUSING AUTHORITY ACTION
SUBMITTED TO: Honorable Mayor and City Council Members / Honorable Chair and Board Members
SUBMITTED BY: Al Zelinka, City Manager / Executive Director
VIA: Ursula Luna-Reynosa, Director of Community Development
PREPARED BY: Charles Kovac, Housing Manager
Subject:
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Approve and authorize execution of a Density Bonus and Affordable Housing Agreement by and between the City of Huntington Beach and Holland Partner Group, LLC for a residential development consisting of 70 new affordable rental units located at 18750 Delaware Street
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Statement of Issue:
It is recommended that the City Council approve a Density Bonus and Affordable Housing Agreement ("Agreement") by and between the City of Huntington Beach ("City") and Holland Partner Group, LLC ("Developer") to facilitate the development of a 4.09 acre site located at 18750 Delaware Street ("Project"). The Project consists of 346 rental units, of which this Agreement will restrict 70 units for lower income households earning 60 percent of the area median income (AMI) or less for a period of 55 years. The proposed Project is located within the Beach and Edinger Corridors Specific Plan (BECSP) and conforms to the form-based codes outlined in the BECSP.
Financial Impact:
Not applicable.
Recommended Action:
recommendation
A) Approve the "Density Bonus and Affordable Housing Agreement by and between the City of Huntington Beach and Holland Partner Group, LLC" for the development of 70 affordable rental units at 18750 Delaware Street; 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 Housing Authority Executive Director or designee to execute all necessary implementing agreements and related documents.
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Alternative Action(s):
Do not approve and direct staff accordingly.
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