While there are not any Regular City Council Meetings during the month of July, there still remain a number of important meetings taking place. This past week, the Housing Committee met to discuss the Inclusionary Housing Study completed by David Paul Rosen & Associates. The report contains in depth analysis and recommendations related to our current ordinance. Key findings of the study include:
Increases in market rents and sales prices have outstripped increases in income in recent years.
Affordable housing created under the inclusionary housing provisions has become an increasingly critical source of new affordable housing as other mechanisms to expand the affordable stock have become more challenging.
Strengthening the inclusionary housing provisions is necessary to maintain an adequate stock of affordable housing and preserve the socioeconomic diversity of the city.
Inclusionary housing provisions may be increased to a certain extent without severely compromising the production of new market-rate housing.
Below, I have included a video (10min. 37sec.) with my thoughts on the matter, including using special permitting and creative zoning to mandate for more three bedroom apartments; raising the "real" inclusionary housing rate to 20%; and limiting lab space especially around housing.