HomeMy WebLinkAbout2024-10 - Affordable Housing In-Lieu FeesRESOLUTION NO. 2024-10
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA,
CALIFORNIA, ESTABLISHING AND ADOPTING AN AFFORDABLE HOUSING IN
LIEU FEE SCHEDULE FOR THE AFFORDABLE HOUSING ORDINANCE
THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA HEREBY
FINDS AND DECLARES AS FOLLOWS:
WHEREAS, the City Council adopted the 2021-2029 Housing Element on
November 15,2022;and
WHEREAS, the City's adopted 2021-2029 Housing Element, Housing Plan
Program 2A, calls for the City to adopt an inclusionary housing ordinance; and
WHEREAS, the City retained an expert consultant, Keyser Marston Associates
Inc. (KMA), to prepare a Financial Evaluation to evaluate supportable affordable housing
requirements and make policy recommendations for an affordable housing ordinance;
and
WHEREAS, on January 16, 2024, the City Council gave first reading to the
Affordable Housing Ordinance (Ordinance No. 2024-02) and directed staff to present the
Affordable Housing In-Lieu Fee Resolution for consideration along with the second
reading of the ordinance; and
WHEREAS, the City Council held a study session on February 27, 2024 to
separately discuss the proposed affordable housing in-lieu fee amounts prior to the
second reading of Ordinance No. 2024-02 and with all persons having the opportunity to
speak for and against the proposal; and
WHEREAS, on April 2, 2024, the City Council gave first reading of the Affordable
Housing Ordinance (Ordinance No. 2024-02) and as part of their motion directed staff to
present the Affordable Housing In-Lieu Fee Resolution at a later date; and
WHEREAS, the City Council made additional revisions to the ordinance for the
threshold project size and affordability requirements for rental projects at 60+ dwelling
units/acre, increased the applicability of the project size threshold to 50+ dwelling units,
struck references to ownership projects in the ordinance, and voted 7-0 to adopt the
Affordable Housing Ordinance and give another first reading of the ordinance as well as
continue the fee resolution to a date uncertain; and
Resolution No. 2024-10 Page 1 of 6