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1.3: Evaluate Development Fee Reduce development costs by reducing • • ' _ • ' • Reductions and/or Exemptions for development fees to help increase the • • • - • - Income -Restricted Projects financial viability of a project and facilitate more affordable housing production. Remove barriers to promote and allow ADU 1.4: Evaluate Allowing Attached development on single-family properties in and Detached ADUs on Single- the city to help increase housing supply and Family Lots diversity and create more flexibility for homeowners. 2.1: Evaluate Cost -Sharing Develop cost -sharing opportunities for Opportunities for Infrastructure on infrastructure development to ease the Sites Where Affordable Housing is financial impact on new projects that Provided provide affordable housing or meet other established housing goals. Adopt the low-income housing property tax 2.2: Evaluate Adopting the Low- exemption locally to assist income - Income Housing Property Tax restricted affordable housing projects, Exemption Locally particularly those needed under the city's commitment under Prop 123. 2.3 Consider Establishing a Evaluate a commercial linkage fee to Commercial Linkage Fee for provide direct financial support for new Income -Restricted Affordable income -restricted housing projects or Housing Projects provide funding to maintain affordability in • existing developments. Evaluate a tool that offers a fee -in -lieu ' • - • • • option for residential projects with required 2.4 Consider Offering a Fee on -site commercial space to increase • Option for Mandatory Onsite feasibility and reduce barriers for new Commercial Requirements with residential projects. Collected fees can help Mixed Use Residential support income -restricted housing projects or other housing assistance programs the city may offer. 2.5 Evaluate Adopting Programs Evaluate program options for preserving and Policies that Support Existing manufactured home parks, establishing Income -Restricted and Naturally legacy homeownership, and monitoring Occurring Affordable Housing expiring subsidies for existing income - restricted housing stock. 2.6 Establish and Strengthen Help acquire property, offer technical Partnerships to Support Preserved assistance, or provide other direct financial and New Income -Restricted support to housing partners working on the Affordable Housing preservation and development of income - restricted housing. Louisville Housing Plan Part l: Introduction 10