Site A
September 6th City Council Meeting
Tonight’s Goals
Hold a public hearing and seek Council approval of:
1. Disposition and Development Agreement Amendment 6
2. Selection of Eden Housing, Inc. as the Qualified Affordable Housing Developer of Block 10B
3. Development Agreement Amendment 1
Background
• May 17: City Council approved the Term Sheet
• June 16: Commission on Persons with Disabilities provided conditional support
• July 25: Planning Board approved Site A Development Plan Amendment with the following minimum thresholds:
o 1,285 residential units
o 25% of units to be deed restricted for affordable housing o 300,000 sf of commercial
Site Plan by Phase
Community Benefits
• 610 units towards the Housing Element requirement
o 194 affordable units
o 416 market rate units
• Infrastructure to support West Midway/RESHAP and future phases of development at Alameda Point
• Waterfront performing arts center infrastructure and building pad • Waterfront park Phase 2, doubling the size of the existing park, and including a kayak launch plus a financial contribution towards a future recreation facility
DDA Amendment
September 2022 Approval of DDA Amendment & Qualified
Affordable Housing Developer for Block 10B
December 2022 Phase 2 Land Conveyed
January 2023 Infrastructure Design Work Commences
June 2025 West Tower Infrastructure Complete for
West Midway and RESHAP
Vertical construction during 2024 - 2028
Substantially the same as the approved Term Sheet.
Development Agreement Amendment
• Update project description to reflect minimum :
o Housing units
o Commercial square footage
• Clarification that all future project entitlements and approvals shall be compliant with 2022 City of Alameda
Municipal Code Requirements
Eden Housing, Inc.
Corsair Flats
Senior Housing
The Starling
Family Housing
Recommendations
Staff recommends that City Council approve:
1. Disposition and Development Agreement Amendment 6
2. Eden Housing, Inc. as the Qualified Affordable Housing Developer of Block 10B
3. Development Agreement Amendment 1
APPENDIX
PHASE 1 EXPECTATION OUTCOME
Phase 1 Infrastructure Delivered
Waterfront Park Delivered
Neighborhood Park Delivered
New Ferry Terminal Delivered
Market Rate Housing Delivered
New Affordable Housing Delivered
Commercial Delivered As Proposed
Phase 1B Unit Count
Blocks Product Developer
Contribution
1A 20 market rate units
$50k per very low-
and/or low-income unit
10A 88 market rate units
10B
1 Retail space (10,000 sf)
91 very low- and/or low-income units*
*A portion may be converted to moderate-income units.
Infrastructure for Phase 1B has already been constructed.
Phase 2 Unit Count
Sub-
phase Blocks Product Developer Contribution
2.1 15 147 market rate units West Tower Infrastructure
2.2 14, 16 &
17A 161 market rate units Backbone Infrastructure for
applicable blocks17B 103 very low- or low-income
units*
2.3 12 & 13 Community serving facility Backbone infrastructure for a community serving facility
19 Waterfront park (phase 2) Waterfront Park constructed 2022 Moderate Income Limits
# in
Household 1 2 3 4
Moderate
(120% AMI) $119,950 $137,100 $154,200 $171,350