Resolution 2024-22 - Laserfiche WebLink

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ActionSummary of Potential POTENTIAL ACTIONS SUMMARY CONSIDERATIONS & APPROACHES Allow mixed -use and multifamily development downtown "by -right" with clear and objective standards that align with and further the City's goals Evaluate defining standards and and vision for the downtown area. incentives in the downtown area17 to accommodate desired residential Adopt clear and objective standards that focus on development types, without form for specific development types to better regulate and facilitate desired outcomes for requiring a discretionary special downtown, including commercial, multifamily, and Evaluate Standards or Incentives for review process. mixed -use development and as it relates to Residential preservation zoning incentives in the Old Town Development in overlay district. Downtown and Old Increase density or height Town allowances in the downtown area for projects that pay a higher fee -in -lieu, Pro forma analysis while developing this Housing provide affordable housing units on Plan indicated that increasing density for multifamily projects through either increased height, floor area site, or provide additional units ratio (FAR), or dwelling units per acre, especially beyond the current 12% when paired with other incentivizes such as reduced requirements. (see Action Item 1.2 parking, could be effective in supporting more for a more detailed explanation of residential development downtown. this item applied more broadly). Evaluate Incentives Promote accessible and visitable Incentives could apply to accessible and visitable for Accessible and design to better encourage safe, units as they do to income -restricted housing, Visitable Housing comfortable, and stable housing for including density and height bonuses, parking Louisville's senior residents through reductions, expedited permitting fee waivers, or Units for Seniors development incentives. direct financial support. Create flexibility within City Evaluate Incentives regulations through increased for Income -Restricted building heights and densities or Focus on providing incentives in areas planned or Housing, Especially in reductions in open space and suitable for TOD where households can better Transit Oriented parking requirements for income- access transit options that can help reduce Development (TOD) restricted housing. (see Action Item household spending on transportation. Areas 1.2 for a more detailed explanation of this item) "For the purposes of this section, "downtown area" includes those areas defined in the Louisville zoning code as the Old Town overlay district and Downtown Louisville. The Old Town overlay district includes mostly residential areas adjacent to downtown, and Downtown Louisville includes the core commercial area with mostly commercial zoning. Louisville Housing Plan Part 4: Housing Strategies and Actions 50