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CC 05-19-2020 Item No. 24 BMR Linkage Fee Goldfarb_PresentationEXISTING BMR HOUSING PROGRAM •For Sale: 15% BMR •Rental: 15% BMR for low/very low income households Housing Element Strategy HE-2.3.2 •Implements Housing Element Requirements •Authorizes rules and regulations •Includes alternative compliance options BMR Ordinance CMC Chapter 19.172 •Defines specific requirements applied to individual projectsHousing Mitigation Manual 1 CC 05-20-20 Item No. 24 EXISTING BMR HOUSING PROGRAM New Residential Development with 7 or More Units 2 Rental Units Very-Low Income Units Low Income Units 60%40% 15% of total units reserved for BMR Program Ownership Units Median Income Units Moderate Income Units 50%50% INCOME LIMITS HCD 2020 Household Income Limits for Santa Clara County Income Category Approximate Percent of Area Median Income* Income Limit for 4-Person Household Extremely Low Up to 30%$47,350 Very Low Up to 50%$78,950 Low Up to 80%$112,150 Median Up to 100%$141,600 Moderate Up to 120%$169,900 3 *HCD adjusts very-low and low-income limits, which do not precisely equal 50% and 80% of the median. EXISTING MITIGATION FEES Established following 2015 Nexus Study Housing Mitigation Fees: $18.45/sf for detached single family $20.29/sf small lot single family/townhomes $24.60/sf for condos/lower density apartments $30.75/sf for higher density apartments Commercial Linkage Fees: $24.60/sf for office/R&D uses $12.30/sf for hotels $12.30/sf for retail uses 4 LEGAL FRAMEWORK: RESIDENTIAL PROJECTS CBIA v. San José (2015) Upheld inclusionary requirements No nexus study required Requirements must be reasonably related to the public health, safety, and welfare Property owners may not be denied fair return opportunity AB 1505 (2017) Permits inclusionary requirements applied to rental projects, provided that: Requirements must be imposed in the zoning ordinance If more than 15% of total units are required for low income households, HCD could require a feasibility study Alternatives to on-site compliance must be offered 5 LEGAL FRAMEWORK: NONRESIDENTIAL PROJECTS Impact fees (aka commercial linkage fees) are generally allowed, provided: Fees are reasonable; and A nexus exists between the fee amount and a project’s impact on need for affordable housing A nexus study is legally required Nexus studies identify the upper limit of fees that may be imposed Cities frequently set fees well below the legal maximum identified in a nexus study to preserve project financial feasibility 6 PROPOSED BMR HOUSING PROGRAM New Residential Development with 7 or More Units 7 Rental Units: 15% Required Very-Low Income Units Low Income Units 60%40% 15% -20% of total units reserved for BMR Program Ownership Units: 20% Required Median Income Units Moderate Income Units 50%50% PROPOSED MITIGATION FEES Housing Mitigation Fees: No Change $18.45/sf for detached single family $20.29/sf small lot single family/townhomes $24.60/sf for condos/lower density apartments $30.75/sf for higher density apartments Commercial Linkage Fees: $30.00/sf for office/R&D uses (from $24.60) $15.00/sf for hotels (from $12.30) $12.30/sf for retail uses 8 MITIGATION FEE MANUAL Manual Updated to: Recognize 20% requirement for ownership units Require on-site rental inclusionary units (per AB 1505) Allow applicants to request a waiver if a constitutional challenge 9