Title
ROEM NOFA Proposal-779 East Evelyn Avenue.
Recommended Action
The NOFA (Notice of Funding Availability) Review Committee recommends that the City Council:
1. Reserve funding for the ROEM NOFA application and consider the following two options:
a. Option 1-Reserve $15.5 million in affordable housing funds for an 81-unit affordable family development; or
b. Option 2-Add $6.0 million in affordable housing funds to the NOFA and reserve a total of $21.5 million for a 116-unit affordable workforce housing development.
Staff recommends the City Council:
1. Appropriate $1.12 million in BMR In-Lieu fees for predevelopment costs and authorize the City Manager to enter into an agreement with ROEM Development Corporation for use of the predevelopment funds and appropriate $246,000 in Housing Impact fees for environmental, parking, and other special studies required for this project. (Five votes required)
2. Allow two additional NOFA projects to proceed with the funding reservation process.
3. Authorize the assignment of staff resources for consideration of a General Plan Land Use Map Amendment for 1.93 acres from Industrial to Residential and rezoning request from developer to remove the Sylvan-Dale Area Plan and replace it with R(3) Multiple-Family Residential or R(4) High-Density Multiple-Family Residential.
4. Amend the composition of the NOFA Review Committee to be comprised of the City Manager, two City Councilmembers appointed by the Mayor, and an Environmental Planning Commissioner and a Human Relations Commissioner, both appointed by the respective Commission Chairs.