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Summary Matrix of Housing Strategies and Actions <br />. <br />I <br />. <br />..� <br />�. <br />COST <br />TIMELINE <br />PRODUCTION <br />EFFORT <br />1.1: Establish Criteria and Identify <br />Ir <br />Areas for Zoning Changes to Support <br />Rezone areas not currently zoned, but suitable, for residential development and conduct a market analysis to inform <br />y� d�E <br />Medium <br />$ <br />Near Term <br />Additional Residential Development <br />major land use changes to ensure they're economically viable. <br />Policy Change <br />- - <br />1.2: Consider Offering a Height Bonus <br />or Additional Density for Projects that <br />Add a voluntary inclusionary program option in certain zones where additional height may be appropriate. <br />Incentive/Policy Change <br />Low -Medium <br />$ <br />Near Term <br />. - <br />Pay a Higher Fee in Lieu than Required <br />g ` <br />' <br />1.3: Evaluate Development Fee <br />Reductions and/or Exemptions for <br />� � <br />Reduce development costs by reducing development fees to help increase the financial viability of a project and facilitate <br />Incentive <br />y� y� <br />�p �p <br />Medium <br />$ $ $ <br />Near Term <br />Income -Restricted Projects <br />g <br />more affordable housing production. <br />1.4: Evaluate Allowing ADUs Both <br />Attached and Detached On Single- <br />Evaluate allowing ADU development on single-family properties across the city to help increase housing supply and <br />Policy Change <br />�y� <br />�p �p <br />Medium <br />$ <br />Near Term <br />Family Lots <br />diversity and create more flexibility for homeowners. <br />2.1: Evaluate Cost -Sharing <br />Opportunities for Infrastructure <br />�� <br />Develop cost -sharing opportunities for infrastructure development to ease the financial impact on new <br />Policy Change/Financial <br />on <br />"�' <br />projects, <br />High <br />Long Term <br />Sites Where Affordable Housing is <br />particularly those that provide affordable housing or meet other established housing goals. <br />Support/Partnerships <br />Provided <br />2.2: Evaluate Adopting the Low -Income <br />Housing Property Tax Exemption <br />A <br />Adopt the low-income housing property tax exemption locally to assist income -restricted affordable housing projects, <br />Incentive <br />y� y� <br />�p �p <br />Low -Medium <br />$ $ <br />Long Term <br />Locally <br />particularly those needed under the city's commitment under Prop 123. <br />2.3 Consider Establishing a <br />Commercial Linkage Fee for Income- <br />A <br />Adopt a commercial linkage fee to provide direct financial support to gap finance new income -restricted housing projects <br />Policy Change/Financial <br />y� <br />Medium <br />$ $ <br />Long Term <br />• <br />- - <br />Restricted Affordable Housing Projects <br />or provide funding to maintain affordability in existing developments. <br />Support <br />' • • • : <br />2.4 Consider Offering a Fee Option for <br />Mandatory Onsite Commercial <br />Create a program that offers a fee option for on -site commercial requirements with residential development to increase <br />feasibility and reduce barriers for new residential Collected fees can help support income -restricted housing <br />Policy Change/Financial <br />Medium <br />Mid Term <br />• <br />Requirements with Mixed Use <br />projects. <br />Support <br />• <br />Residential <br />projects or other housing assistance programs the city may offer. <br />2.5 Evaluate Adopting Programs and <br />N/A <br />Policies that Support Existing Income- <br />�� <br />"�' <br />Explore program options for preserving manufactured home parks, establishing legacy homeownership, and monitoring <br />Policy Change/Financial <br />(focused on <br />High <br />Mid Term <br />Restricted and Naturally Occurring <br />expiring subsidies for existing income -restricted housing stock. <br />Support <br />preservation of <br />Affordable Housing <br />existing units) <br />2.6 Establish and Strengthen <br />Partnerships to Support Preserved and <br />�� <br />"n' <br />Acquire property, offer technical assistance, or provide other direct financial support to housing partners working on the <br />Partnerships <br />Medium -High <br />(depending on <br />Near Term <br />New Income -Restricted Affordable <br />preservation and development of income -restricted housing. <br />Housing <br />method chosen) <br />3.1 Create More Predictability for <br />Residential Development Related to <br />Adopt zoning code amendments that are clear and objective and allow appropriate residential projects to be allowed "by - <br />Policy Change <br />High <br />$ $ <br />Mid Term <br />City Processes and Regulations <br />111 <br />right" and reviewed administratively. <br />= <br />3.2 Expand Allowances for More <br />Allow stand-alone residential development in commercial areas, middle housing in low -density and single-family zones, <br />Policy Change <br />y� y� y� <br />�p Qrp �p <br />Medium <br />$ $ <br />Mid Term <br />Housing Types <br />and remove or raise occupancy restrictions. <br />.. <br />3.3 Modernize Development and <br />Ir <br />Conduct an audit of existing zoning code to evaluate effectiveness of existing regulations and identify barriers to housing <br />- <br />Design Standards to Incentivize and <br />development; adopt standards and incentives that allow for and encourage increased height and residential <br />development above commercial downtown; lower minimum lot sizes, require and incentivize a range of housing types on <br />Policy Change <br />Medium -High <br />$ $ <br />Mid Term <br />Remove Barriers to Appropriate <br />1* <br />Residential Development <br />greenfield sites; adopt incentives programs for accessible and visitable housing units for seniors and for income - <br />restricted housing in TOD areas. <br />Louisville Housing Plan Part 4: Housing Strategies and Actions 29 <br />