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EDC meeting powerpoint v3.pptx

Economic Development Committee
June 26, 2024

Document
EDC meeting powerpoint v3.pptx
Meeting
June 26, 2024
Body
Economic Development Committee
Original file
5.6 MB
Text extracted from the city's file for reading and search. Open the original on legistar.granicus.com. That file is the official record.

Tract 20685 Project Overview
20 single family homes on fee simple lots in compliance with existing development code Mixed-income development
Environmentally friendly project: Solar, low flow fixtures, drought tolerant landscaping, Energy Star appliances, etc.

Revitalizes an underutilized, vacant property
100 parking spaces (5 per home)
Two story homes with 2 car garages, driveways, large private backyards and 4 BRs ideal for families and multi-generational living No traffic impact to surrounding neighborhood

Project History
March 2023: Pre-application submitted to City
May 2023: Pre-application comments received from City
June – August 2023: Meetings and correspondence with City personnel regarding project September – October 2023: Meetings and correspondence with City personnel and City attorney regarding density bonus law and SB330 November 2023: Property purchased
December 2023: Formal entitlement/SB330 application submitted to City January 2024: Initial comments received from City and project vested under SB330 March 2024: Resubmittal of entitlement application and CEQA exemption documents to City April 2024: Second round of comments received from City

Conceptual Site Plan

Conceptual Floor Plans

Conceptual Elevations

Applicable Policies, Goals and Programs from City’s Housing Element Housing Goal #2: Promote and encourage housing development that adequately meets the needs of all socioeconomic segments of the community and region.

Housing Goal #3: …Pursue creative and resourceful methods to reduce the overall cost of housing.

Housing Goal #4: Alleviate potential governmental constraints to housing production and affordability.

Policy 2.2: Establish incentives and regulatory concessions to promote the development of housing for very low-, low-, and moderate-income persons… Policy 2.3: Encourage the infilling of vacant residential land and the recycling of underutilized residential land… Housing Program 2G: Objective Design Standards State Housing law includes various exemptions for projects with an affordable housing component, which limits the City’s ability to apply discretionary design review requirements to certain residential projects. State Housing law specifies having objective design standards available to apply to housing projects where the City’s discretion over design review is otherwise preempted per State law. The City of Rialto will review existing entitlement processes for housing development and will eliminate discretionary review for all housing development proposals that include a minimum affordable housing component. The City will also review the appropriateness of its current development standards to ensure that it reasonably accommodates the type and density of housing it is intended to support. The City will also amend existing development standards to replace or remove all subjective standards for projects with a minimum affordable housing component… Policy 3.4: Support the development of rental units with three or more bedrooms to provide affordable housing that adequately accommodates larger families, thereby reducing overcrowding and overpayment.

Housing Program 4A: Density Bonus To facilitate development, the City offers developers the opportunity to take advantage of the Density Bonus Program… SB 330: Effective January 1, 2020, Senate Bill 330 (SB 330) aims to increase residential unit development, protect existing housing inventory, and expedite permit processing. Under this legislation, municipal and county agencies are restricted in ordinances and polices that can be applied to residential development.

Project Attributes
Environmentally friendly
Generates impact fees for the City and local schools
Significantly increases the property tax base for the property CEQA exempt: Negligible impacts to the neighborhood
No change to existing zoning or general plan
Helps the City achieve RHNA and housing policy goals

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