Affordable Housing Alternatives

1
City of Coral Gables Planning Department
For discussion purposes only

• Affordable Housing Alternatives

City of Coral Gables City Commission
February 28, 2006
2
Affordable housing questions.
Why do we need affordable housing?
What is our goal?
What are our strategies?
3
Why do we need affordable housing?

• Cost of housing outpacing income for many of
  Citys residents (esp. seniors) workforce
• Required by State, Region, City
• City Resolutions (2004-37, 2004-158)
• City CLUP (Housing Element)
• State Statutes (Ch. 163(6)(f))
• SFRPC
• State sanctions for non-compliance on future CLUP
  amendments, future state funding/grants,
  (historic, transportation), etc.

4
What is our goal?

• Affordable Housing Study identified the following
  goals

Citys 10-year GOAL (it is not a commitment)
5
What are our strategies?

• City staff working to draft regulations that
  address the needs identified in the Study.
• Considering 3 Strategies

What really works? Whats the most immediate,
efficient effective option?
Partner w/ Miami-Dade County for administration
management, and allocation of program(s)
Recommend all 3 strategies
6
Affordable housing resolution

• Staff seeks City Commission adoption of
  Resolution that supports recommended strategies
  in order to
• Satisfy state, regional, and local goals and
  requirements
• Preclude findings of non-compliance w/ reference
  to CLUP
• Preclude potential of other state sanctions,
  including withholding of grants/funding for
  Citys various programs (historic,
  transportation, etc.)

7
Strategy No. 1 Inclusionary Zoning (Gables
Gateway Affordable Housing Alternative)

• Alternative to Gables Gateway project
• For discussion purposes only
• Example of how affordable housing can be
  incorporated into a real market rate project
• Will help to guide affordable housing policies,
  programs regulations

8
Development scenarios
9
Comparison Floor-to-Area Ratio
0.93 FAR
10
Comparison Height
Additional 5 feet
11
Comparison Parking
Additional 19 spaces
12
Comparison Units
Additional 15 units
13
(No Transcript)
14

• 3-d model

15
Affordable housing provided

• Bottom-Line
• With incentives, project would produce an
  additional 74 units, for a total of 304 units
• A 15-20 set-aside requirement would result in
  50-65 affordable units

16
Next steps

• PZB and Commission feedback will guide
  development of regulations
• Regulations will return to PZB and Commission

17

• The End