City Council Agenda and Packet 2023 09 26 SP

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cityof CITY COUNCIL COMMUNICATION Louisville AGENDA ITEM 2 COLORADO • SINCE 1878 SUBJECT: HOUSING PLAN INFORMATIONAL UPDATE DATE: SEPTEMBER 26, 2023 PRESENTED BY: ROB ZUCCARO, AICP, COMMUNITY DEVELOPMENT DIRECTOR JEFF HIRT, AICP, PLANNING MANAGER SUMMARY In 2021, the City of Louisville was awarded a grant from the Colorado Department of Local Affairs (DOLA) to develop a Housing Plan ("Plan"). The Plan is an important step for the City to address housing affordability and choice in Louisville and aligns with advancing numerous City policies around environmental, social, and economic sustainability. City staff temporally paused the project until earlier this year to address the urgent needs from the Marshall Fire recovery. The purpose of this agenda item is to share a project update with new information and an initial framework for what the Plan will recommend for Council's consideration — specifically, to share the Housing Needs Assessment and Strategy Matrix and Framework that will act as a foundation for drafting the Plan. City staff intend to bring the Plan to City Council for adoption by early 2024. Housing Needs Assessment Attachment 1 includes the Housing Needs Assessment (HNA). This technical document provides the factual basis for the Plan's strategies. The Executive Summary provides a snapshot of Louisville's current and future housing needs and key findings. The HNA quantifies Louisville's anticipated housing affordability challenges and needs, based on State of Colorado population estimates (e.g., workforce housing, housing for different income groups, seniors, families, etc.). Strategy Matrix and Framework Attachment 2 includes the Strategy Matrix and Framework, which is the starting point for the detailed strategies and an action plan that will be included in the Housing Plan. Attachment 2 provides a framework for discussing those strategies early in the community review and feedback process, and it does not capture the detailed analysis, refinement, or organization of the strategies that will be available in the Plan. The strategies are organized by type of action (incentives, policy changes, financial support, partnerships, and requiring further research). They stem from both the HNA and recent input from housing developers and community members. The strategies include topics ranging from zoning code changes to how the City can financially support affordable housing projects. CITY COUNCIL COMMUNICATION 2