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ATTACHMENT 1 7. Expedited Approvals and Financial Incentives: CONCERN STATUS: High. Much of the Tri-Valley has limited Oppose unless amended as follows: FUNDING AND RESOURCES Another permit streamlining effort to accelerate developable lands remaining. However,the remaining new • There should be no net loss of local funding. CONTEXT-SENSI"CINE HOUSING approvals of zoning-compliant projects and and'infill developments generate impacts that rely on fees to enable on-site affordability with financial mitigate.There should be no net loss of local funding. incentives. • Require outside agencies to cap/reduce fees to CONCERNS:This one-size-fits-all approach generates many of stimulate affordable housing. StreamliningApplies to zoning compliant the same concerns as described in Element#6. Additionally: projects that restrict at least 200/of onsite housing • Potential to reduce property tax allocations for each City • Require an"expiration date"for all fees and units to middle-income households,defined as regulations locked at application completeness to 80-150"%of area median income(AMI). Projects • Caps on impact fees to a"reasonable"level is currently ensure they are applicable to viable projects. granted a statutory CEQA exemption and limited undefined. Eliminates abuse by developers who might"lock" discretionary review. a future application to avoid addressing future • Further caps on impact fees would eliminate funding federal state or local requirements that may Financial Incentives include 15-year property tax surface. sources to provide services and infrastructure(example: increment abatement,cap on impact fees,parking school,transit,etc.). standards reduced to 50",'.of local requirement. • Require a"reset"should substantive project Projects to pay prevailing wage. • Requirement to pay prevailing wage is inconsistent with the changes be introduced during the course of the overall goal to lower housing construction costs. development review process to avoid potential Sensitive Commnities:receive an automatic 3- abuse of the system. year deferral on implementation while the city develops acontext-sensitiveplan. • Reducing tax allocations given to each city without an pevaluation that the impacts generated continue to be • Implement and maintain clear and objective covered is contraryto the fiscal sustainabilityof each cit standards and controls to ensure context Objective:Build more moderate income housing Y sensitivity. units. • Allow all cities(not just Sensitive Communities)to develop context sensitive community plans that achieves the overall goal of providing affordable housing around transit. • Consider middle income household definition of 80-120%of area median income,consistent with local standards(instead of 80-150%of AMI),which makes units more affordable. • 50%parking reduction from local standards should initially be applied only in transit rich areas where residents actually have to option to use frequent and high quality public transit. • Projects should be required to agree to a 30-50 year inclusionary requirement to receive the streamlining and financial incentives listed. Tri-Valley Cities Policy Framework-Attachment 1:CASA Compact(February 2019) Page 6