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7.
         
City Council Work Session - AMENDED
Meeting Date: 06/27/2017  
From: Sarah Darr, Housing Director
Department: Community Development  
Co-Submitter:

TITLE:
Discussion and review of direction on disposition of three parcels of City-owned land for affordable housing purposes.
DESIRED OUTCOME:
Receive additional Council direction on possible disposition of three parcels of City-owned land for affordable housing purposes.
EXECUTIVE SUMMARY:
In order to work toward Council's goal of creating additional affordable housing units, Housing staff has identified three parcels of City-owned land that were either acquired for housing purposes or have been previously identified by City Council for affordable housing use.  Additionally, the three sites are not all in one area, also achieving Council's goal of dispersing affordable housing throughout the community. During the work session staff will review Council direction received on May 23, 2017 and provide an overview of each piece of property, the potential for affordable rental development, and the community input received. 
INFORMATION:
The three identified parcels are detailed below:

Address: 1700 E. Sixth Avenue
PIN: 109-11-151C
Size: .86 acres
Other: Acquired in part with housing funds. Staff recommends existing community garden be incorporated into the final use.

Address: 3500 N. Fort Valley Road
PIN: 111-02-001C
Size: 3.06 acres
Other: Acquired and improved with housing funds as part of a development agreement for a neighboring property.

Address: 3100 N. West Street
PIN: 109-02-001P
Size: .91 acres (useable)
Other: Previously designated by Council for affordable housing use.

On May 23, 2017 Council directed staff to issue a Request For Proposals for all three pieces of property to be utilized for the creation of additional affordable rental housing. The RFP process will have emphasis on the creation of one and two bedroom units, maximizing the number of units created, and the length of affordability.  Additionally, the existing community garden on the Izabel site is required to be incorporated into the development and the building height on the Schultz parcel is limited to two stories. The combination of the parcels is critical in achieving a realistic unit count for a successful Low Income Housing Tax Credit application, the most likely funding source for a development of this type.

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