Incentive-Based Inclusionary Housing Action Plan Implementation Council’s H&ND Committee Status Report Debra D. Campbell September 7, 2011 Outline Council Assignment Action Plan Status Next Steps and Questions Council Assignment / Action Plan At the June 27, 2011 meeting, Council directed staff to pursue specific regulatory and financial incentives encouraging private sector development of affordable housing. Recommended Action Plan: Regulatory Incentives Single Family & Multi-family density bonus Fee waivers/reductions Expedited review Allowance of duplexes on any lot Allowance of ADUs to include non-relatives Other considerations that could work for Charlotte Council Assignment / Action Plan Financial Incentives Create local rent subsidy program Increase Housing Trust Fund commitments for federal low income housing tax credits Lobby NCHFA for changes to its Qualified Application process to allow urban projects to score higher Develop a program to make available government owned land at a reduced cost in exchange for affordable housing Establish aggressive acquisition program for existing apartments currently in financial difficulty or underutilized Engage a third party to undertake a thorough review of all City planning zoning and related policies to isolate those that impede affordable housing production Cash subsidies Status Internal Staff Meetings − Developing Preliminary Recommendations − Issue Identification − Fiscal and Staff Resource Impacts Additional Research − Tracking and Administration − Met with staff from Davidson − Researching other Cities Preparing for first Kick-off Meeting − Forming Citizen Advisory Group Next Steps Initial Public Meeting September 15, 2011 Citizen Input process September 2011-January 2012 Committee Action February 2012 Council Action April 2012 Questions