Title
RESOLUTION Authorizing the City Manager to Execute a Memorandum of Understanding (MOU) with the Silicon Valley Community Foundation for a Regional Housing Nexus Study (provides a basis for future City updates to its Inclusionary Zoning Ordinance including its affordable housing impact fee, at a cost not to exceed $32,000 for the City's pro-rated share)
Body
WHEREAS, the dissolution of redevelopment agencies throughout California in 2012 eliminated the major source of funding for affordable housing in the City of San Leandro and other local jurisdictions; and
WHEREAS, the need for affordable housing continues to be an important regional challenge; and
WHEREAS, despite the elimination of funding, the state still mandates that cities must plan for and facilitate the provision of affordable housing; and
WHEREAS, having a local funding source often allows cities to secure additional state and federal resources; and
WHEREAS, an option to provide funding for affordable housing is the imposition of development impact fees, for which a nexus study is required; and
WHEREAS, the multi-jurisdictional approach includes economies of scale and is more cost effective, costing less than half of a "stand alone" nexus study prepared for one jurisdiction; and
WHEREAS, the multi-jurisdictional approach also allows close collaboration with neighboring jurisdictions on housing policy to learn about best practices; and
WHEREAS, participation in the regional nexus study of the impacts of various types of developments on the demand for affordable housing would enable the City of San Leandro to consider amending the affordable housing impact fee under its Inclusionary Zoning Ordinance; and
WHEREAS, the cost sharing for the multi-jurisdictional approach would result in a base cost to the City of San Leandro not-to-exceed $32,000; and
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