| | | | | | | | Agenda Item - 4.d.
City of Garden Grove
INTER-DEPARTMENT MEMORANDUM
| To: | Scott C. Stiles
| From: | Lisa Kim
| | Dept.: | City Manager
| Dept.: | Economic Development
| | Subject: | Approval of a Density Bonus Housing Agreement with Faircrest Real Estate, LLC, for a ten unit apartment project located at 9841 11th Street, Garden Grove. (Action Item) | Date: | 4/24/2018 |
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| | | | | | | | OBJECTIVE
To request City Council approval for a Density Bonus Housing Agreement with Faircrest Real Estate, LLC, for a ten unit apartment project at 9841 11th Street, Garden Grove. |
| | | | | | | | BACKGROUND
As of January 1, 2005, in an effort to promote affordable housing, the State’s Density Bonus law went into effect. As a result, the City of Garden Grove amended Municipal Code Section 9.12.30.070—Density Bonuses and other Incentives for Affordable Housing, to bring the code into compliance with State law. The Density Bonus law promotes development of affordable housing through increased density, concessions and incentives. |
| | | | | | | | DISCUSSION
On November 2, 2017, the Planning Commission adopted Resolution Number 5903-17 approving Site Plan Number SP-038-2017, subject to the recommended Conditions of Approval and contingent upon City Council adoption of a Mitigated Negative Declaration and a resolution approving General Plan Amendment Number GPA-002-2017(B) to construct 10 units on the property located at 9841 11th Street in Garden Grove. The Site Plan and the Conditions of Approval provide a density bonus to the project in exchange for the Developer’s agreement to restrict 3 of the 10 units for rental to, and occupancy by, lower-income households at an affordable rent.
State Density Bonus Affordable Housing Law, the Site Plan and Resolution provide for three concession/incentives for this project. The concessions for this project are:
- Concession to allow the three-story configuration to be greater than 50% of the building footprint;
- A waiver of the requirement to separate the building from the drive aisle by a distance of 10 feet minimum; and
- A concession to deviate from the required third-story side yard setback.
In exchange for the aforementioned increased density and concessions, the Conditions of Approval require the Developer to enter into this Density Bonus Housing Agreement. This Agreement details how the affordable housing provisions of this project will be implemented. |
| | | | | | | | RECOMMENDATION
It is recommended that the City Council:
- Approve the attached Density Bonus Housing Agreement between the City and Garden Grove and Faircrest Real Estate, LLC; and
- Authorize the City Manager to execute the Agreement and all other documents necessary to implement the agreement, and to approve modifications as necessary.
By: Allison Wilson, Neighborhood Improvement Manager
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