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Affordable Housing Alternatives

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Affordable Housing Alternatives ... Why do we need affordable housing? ... future CLUP amendments, future state funding/grants, (historic, transportation... – PowerPoint PPT presentation

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Title: 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
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