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Program 7.7: Encourage inclusion of lower-income housing units <br /> in market-rate housing projects. <br /> <br /> Responsible Agency: City Council <br /> Time Period: Ongoing <br /> Funding Source: Not Applicable <br /> <br /> 1996 EVALUATION: Objective met. Continue Program. The program resulted in <br /> 106 additional lower-income units within market-rate rental projects and 184 lower-income units <br /> in all-senior projects from 1990 to 1995, as shown in the following table: <br /> <br /> Project Total Units Lower-Income Units Percent <br /> <br />"The Promenade" Apartments 146 68 47 % <br />Spanish Oaks/Parkview Apartments 462 116 25 % <br />Division St. Senior Apartments 20 20 100% <br />Stanley Senior Aparunents 86 86 100% <br /> <br /> Program 7.8: Provide incentives such as reduced development <br /> fees, assistance in providing public improvements, priority in <br /> permit processing, increased density, altered site development <br /> standards, mortgage revenue bonds, an affordable housing <br /> competition, etc., to encourage the development of lower- and <br /> moderate-income housing. <br /> <br /> Responsible Agency: t~,^_.;_. n ........ ' .......... <br /> <br /> Time Period: Ongoing <br /> Funding Source: Planning Department Budget <br /> <br />1996 EVALUATION: Objective met. Continue Program. This program resulted in reduced <br />development fees, a bridge loan, construction financing, assistance in providing public <br />improvements, priority in permit processing, and other incentives to enable the construction of <br />"The Promenade" Apartments, the Division Street Senior Apartments, a. nd the Stanley Senior <br />Apartments. <br /> <br /> <br />