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Att 3 PowerPoint Presentation

City Council/Public Financing Authority
June 18, 2024

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Att 3 PowerPoint Presentation
Meeting
June 18, 2024
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City Council/Public Financing Authority
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Text extracted from the city's file for reading and search. Open the original on huntingtonbeach.legistar1.com. That file is the official record.

Affordable Housing
Agreement – 7225
Edinger Avenue
City Council
June 18, 2024

Background
• 129-unit ownership townhome project
located at 7225 Edinger Avenue
• Project is located within the Beach and
Edinger Corridors Specific Plan
(BECSP) and conforms to the
provisions outlined in the BECSP.
• On March 28, 2023, Planning
Commission approved the Project
(Tentative Tract Map No. 19174 and
CUP No. 22-021).
• 129 total units on 5.6 acres consisting
of 16 three-story buildings.

Background (cont.)
• 13 affordable units (2 two-bedroom, 3 three-bedroom, and 8 four-bedroom units)
• All 13 ownership affordable units will be available to “moderate income” households (not to exceed 120% of
area median income)
• 45-year affordability covenant
• Housing Authority oversees and monitors the City’s existing affordable housing inventory and is therefore party to
certain underlying documents within the Agreement
7225 Edinger Avenue Project

7225 Edinger Avenue Project

7225 Edinger Avenue Project

Project Approvals and Status
▪ Per State Density Bonus Law, project is eligible for waivers, concessions, and reduced parking standards prescribed by state law.
▪ Project was granted one concession and state law parking standards in conjunction with the CUP and Tentative Tract Map approvals; zero waivers • Concession: reduced space between buildings
• 14 feet, 9 inches between residential buildings in lieu of required 20 feet; 10 feet of separation to a common area building.
• Parking: project subject to parking ratios prescribed in State law • State Law parking requirement: 277 spaces
• Project parking spaces proposed: 314 spaces, including 2-car garage for each unit
▪ Status: project is in grading plan check and has applied for demo permits; currently under review by the City
Recommendations
• Approve the Affordable Housing Agreement by and between the City and Developer for the development of 13 affordable ownership units at 7225 Edinger Avenue; and,
• Authorize the City Manager or their designee to implement and execute the Affordable Housing Agreement for the Project, including all necessary related documents; and,
• Authorize the Housing Authority Executive Director or their designee to execute all necessary implementing agreements and related documents.

Questions?

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