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2016-09-19_EDA_Agenda_Packet
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2016-09-19_EDA_Agenda_Packet
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12/8/2016 10:20:51 AM
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Economic Development Authority
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1 <br />2 <br />3 <br />4 <br />S <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />33 <br />34 <br />35 <br />36 <br />37 <br />38 <br />39 <br />40 <br />41 <br />42 <br />43 <br />44 <br />45 <br />46 <br />RHRA iVleeting <br />1VIinutes — Monday, August 29, 2016 <br />Page 12 <br />Meinber McGehee opined if the REDA tore those existing buildings down to <br />upgrade them, they needed to accoinmodate those tenants at the same rate. <br />President Roe agreed such a policy required equity provisions. <br />Ms. Kvilvang suggested policy language that provided if renovating an <br />existing rental or condominium (e.g. HIA) that would be a priority for the <br />REDA. However, Ms. Kvilvang sought further clarification if that included <br />the potential for redevelopment or only renovation. <br />Without objection, President Roe concluded the REDA supported renovation <br />OR replacement. <br />Also without objection, with Member Willmus highlighting it, consensus was <br />that the REDA did not support HIA as an option. <br />At the request of Member Etten, President Roe clarified the replacement <br />included meeting workforce needs as a target, and also providing missing <br />housin� stock options in the community, while focusing on rehabilitation, <br />redevelopment or replacement, but also including workforce or market study <br />identified needs. <br />Number and Type of Housin; <br />Ms. Kvilvan� compared responses in the survey and support or lack of support <br />for higher and lo�ver density, affordable and luxury housin�, as well as <br />parameters for the miY of affordable units, and novel housing solutions that are <br />sustainable. �'Is. Kvilvang suggested either leaving the policy open-ended or <br />remaining silent on this issue. <br />President Roe noted, � ^��* ^� *'�� m � �;��„��;�� �� < �� <br />b f <br />� <br />� <br />��pe�y�that with Federal tax credit funding often used for workforce <br />housing, the workforce units had to be in a single building versus spread across <br />multiple buildin�s, so would not support a policy requirin� units to be spread <br />across multiple buildin�s, but was supportive of consistent amenities and <br />quality amon� workforce and market rate units in a sin�project. <br />Member McGehee agreed, but reiterated her interest in parity in a building for <br />affordable and market rates, with the same buildin� quality and amenities. <br />President Roe stated his support of that as well, but based on reality, opined <br />there was a need to consider projects with multiple buildings to ensure they <br />offered the saine amenities and not t�vo different levels of housing. <br />
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