Submitted By
Tammie Grossman, Director Development Customer Services
Reviewed By
LKS
Agenda Item Title
Title
An Ordinance Amending Chapter 12 ("Housing") By Adding A New Article 5 ("Inclusionary Housing")
End
Overview
Overview
After study sessions on February 11, 2019 and February 25, 2019, the Village Board directed staff to prepare an Inclusionary Housing Ordinance requiring developments of 25 units or more of rental housing or attached single family dwelling units (townhomes) to include 10% affordable units or pay a fee in-lieu of $100,000 per unit.
Body
Staff Recommendation
Approve the Ordinance
Fiscal Impact
As part of the 2020 Budget process, staff will present alternatives for monitoring and securing compliance with the Ordinance either by using existing staff or contracting with an outside non-for-profit.
Background
On September 4, 2018, the Village Board requested that staff research and submit information on the status of affordable housing units currently within the Village and develop recommendations, for an inclusionary housing ordinance, to be reviewed and considered based on the City of Evanston's model. On February 11, 2019, staff presented recommendations for an inclusionary housing ordinance. Village Board supported staff recommendation to adopt the Village's Comprehensive Plan map depicting Transit Oriented Development locations as 1/4 mile from each CTA/Metra station with the exception of the Austin station on both the green
and blue CTA line. The remaining recommendations were reviewed on February 25, 2019.
At the meeting, the Board also directed staff to review different scenarios using 5% and 10% set aside requirement and both a $50,000 and $100,000 fee in-lieu of producing units on-site. Village staff worked with the Oak Park Economic Development Corporation (Oak Park EDC) to prepare a chart of different development scenarios to show the feasibility of both requirements.
Alternatives
Adopt an ordinance with 5% set asi...
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