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ActionSummary of <br />Potential <br />POTENTIAL ACTIONS <br />SUMMARY <br />CONSIDERATIONS & APPROACHES <br />Action item 2.4 summarizes the <br />requirement for some residential <br />Applicable residential developments that are <br />Evaluate Options to <br />developments to provide onsite <br />required to provide onsite commercial space could <br />Satisfy Onsite <br />commercial space that creates <br />also have other options to meet the requirement. <br />Commercial <br />barriers to addressing housing <br />This could include creating ground floor activation <br />Requirements with <br />affordability. This action item could <br />requirements so the applicable spaces could evolve <br />Residential <br />provide other regulatory options that <br />to commercial in the future but always provide <br />Development <br />address the goal of having mixed <br />street level activation through design and by <br />use development through ground <br />prohibiting "inactive" uses like parking garages and <br />floor activation and use <br />storage areas. <br />requirements. <br />Opportunities for IHO refinements include but are not <br />limited to: <br />• Increasing the area median income needed to satisfy <br />the requirements to better address the income ranges <br />The IHO has several opportunities <br />of the local workforce experiencing housing affordability <br />Evaluate Refinements <br />for the City to explore to provide <br />challenges described in this Plan.18 <br />to Inclusionary <br />more predictability and options for <br />• Clarifying that providing the fee in lieu of onsite <br />Housing Ordinance <br />developers to meet these <br />affordable housing is an option for applicable projects. <br />(IHO) <br />requirements that address this <br />• Creating rules and regulations19 that clarify ambiguous <br />standards that create unpredictability for affordable <br />Plan's goals and strategies. <br />housing providers, like what constitutes an "equivalent <br />in quality to market rate units" among other sources of <br />ambiguity identified in the future. <br />18 See Plan page 21 (Housing Attainability Section) that highlights that a household would need to earn 145% of the Area <br />Median Income (AMI), or around $209,000, to afford the average home sales price in Louisville. The current IHO requires <br />that all permanently affordable units to meet the 12% requirement be for households earning less than 80% of AMI, with <br />half of the units being required for households earning less than 60% of AMI (See LMC Sec. 17.76.202). <br />19 Such rules and regulations are explicitly enabled in the IHO in LMC Section 17.76.110. <br />Louisville Housing Plan Part 4: Housing Strategies and Actions 51 <br />