TITLE
Recommendation to request City Attorney to prepare an ordinance amending Long Beach Municipal Code, Chapter 21.67, regarding Inclusionary Housing, to include recommendations proposed herein;
Request City Attorney to prepare an ordinance amending Long Beach Municipal Code, Chapter 21.11, regarding No-Net-Loss, to include recommendations proposed herein; and
Request City Attorney to prepare a resolution amending the method of establishing an Inclusionary Housing In-Lieu Fee, to include recommendations proposed herein. (Citywide)
DISCUSSION
At its January 19, 2021 and February 2, 2021 meetings, the City Council approved Ordinances related to mandatory inclusionary housing (Inclusionary Housing Ordinance) as well as no-net-loss requirements (No-Net-Loss Ordinance), both related to housing construction in Long Beach. The City Council also adopted an Inclusionary Housing In-Lieu Fee Resolution (Resolution). As part of those actions, the City Council requested policy refinements of the inclusionary housing and no-net-loss provisions to:
· Evaluate the ability to extend the affordability covenants beyond 55 years for both Ordinances;
· Ensure that inclusionary in-lieu fees are used to support the production of new very low-income housing units;
· Evaluate tying the annual in-lieu fee adjustments to an annual index based on construction and land cost;
· Remove the 2025 no-net-loss expiration date; and,
· Evaluate the feasibility of requiring that all no-net-loss units be replaced onsite rather than offsite.
An initial report back to the City Council was provided on June 3, 2021 (Attachment A - June 3, 2021 Memo to Council). Staff reviewed the requested inclusionary housing policy changes with the assistance of Keyser Marston Associates (KMA), who prepared the attached report titled, “Inclusionary Housing Ordinance Potential Modifications” (KMA Report) (Attachment B - KMA Report), and offers the following recommended modifications to the Inclusionary Housing...
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