2002 AGN AUG 06 I01 - Laserfiche WebLink

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Housing Element of the General Plan August 6, 2002 Page 2 ■ With no change in zoning, most of the higher density development will occur as small infill projects or non-contiguous pazces or as redevelopment of nonconfornvng or under utilized properties. • Cohon's e�cisting housing stock is affordable to all but very low-income families. • The majority of new singie family home development will be suited to middle and upper income families due to current zoning and general plan desi�ations. • Apprwcimately 26% of units will be 50 years or older by 2005. Housing Element law requires that quantified objectives be developed for new constnxction, rehabilitation, and conservation/preservation that will occur during the five-yeaz housing element cycle. A summary of Quantified Objectives is listed on Table 7-2 (page 74) of the Housing Element and consists of the following goals: Construction of 250 units, Rehabilitation of 135 units, and Conservation of 198 units. These units goals aze for all income groups in the City. GENERAI. PLAN CONSISTENCY The proposed Housing Element would replace the current Housing Element of the General Pian. The State of California Housing and Community Development has reviewed this proposed element and finds it to be consistent with State law. State law requires housing elements to be updated to reflect a community's changing housing needs. The City of Colton's Housing Element was last updated in 1993. State law was amended to e�ctend the deadline to December 31,2000 for jurisdictions in San Bernazdino County. This document is the 2000-2005 update required by state law. FISCAL IMPACT: The quantified objectives are goals for the time period. Expected funding for these goals aze largely fmanced by private sector debt and equity. The report also discusses the City's participation in programs financed by San Be►nardino County. In addition, the report discusses using funds from the Ciry's redevelopment agency, the possibility of counry issued bond fmancing, and the possibiliry of general funds for staff time required for ordinance review and coordination time with the redevelopment agency. RECOMMENDATION: Staff recommends that the Ciry Council approve the proposed Housing Element and authorize the Community Development Directar to submit the Housing Element to the State Department of Housing and Community Development for their records as the adopted revised Housing Element of the General Plan. Attachment: Resolution Housing Element REVIEW TEAM ONLY ' � �� , City Attorney: ■ Finance Director: City Manager: OTHER: