REQUEST FOR CITY COUNCIL ACTION
DATE: 08/07/2024
TO: Honorable Mayor and City Council Members
FROM: Planning and Development Department
SUBJECT:
Title
AFFORDABLE HOUSING DENSITY BONUS AGREEMENT 2023-0003 FOR THE DEVELOPMENT OF 25 PERMANENT SUPPORTIVE HOUSING UNITS ON 0.72 ACRES LOCATED ON THE SOUTH SIDE OF SECOND STREET, APPROXIMATELY 450 FEET WEST OF BUENA VISTA AVENUE (APN: 118-270-055) (APPLICANT: SECOND STREET HOUSING, LP)
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EXECUTIVE SUMMARY:
This staff report asks the City Council to approve Affordable Housing Density Bonus Agreement 2023-0003 (AHDB2023-0003) for the development of 25 multiple family units that will provide permanent supportive housing units for low and moderate income households. AHDB2023-0003 will allow certain waivers from the City's development standards to accommodate the development of affordable housing units. The development will set aside 19 units for low income households, five units for moderate income households, and one onsite manager's unit.
RECOMMENDED ACTION:
Recommended action
That the City Council:
a. Adopt the Mitigated Negative Declaration with the Mitigation Monitoring and Reporting Program and approve AHDB2023-0003, as recommended by the Planning and Housing Commission.
b. Authorize the City Manager to execute the Affordable Housing Density Bonus Agreement between the City of Corona and Second Street Housing, LP.
c. Notwithstanding Corona Municipal Code Section 17.87.090, direct the Affordable Housing Density Bonus Agreement to be recorded in the Official Records of the County of Riverside upon the close of escrow for the acquisition of the Property by Second Street Housing, LP.
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BACKGROUND & HISTORY:
The project is an affordable housing development that will house chronically homeless persons due to diagnosed illness and meets the definition of an affordable housing unit according to the City's Density Bonus Housing Agreement outlined in Chapter 17.87 of the Corona Municipal Code (CM...
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