PLANNING AND HOUSING COMMISSION
STAFF REPORT
DATE: 7/8/2024
TO: Honorable Chair and Commissioners
FROM: Planning & Development Department
APPLICATION REQUEST:
Title
AHDB2023-0002: Application for a density bonus housing agreement for a 115-unit multi-family residential housing development proposed at the southwest corner of 2nd Street and Buena Vista Avenue (APNs: 118-270-051, 118-270-053 and 118-270-055). (Applicant: Second Street Housing LP, 14211 Yorba Street, Suite 200, Tustin, CA 92780).
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RECOMMENDED ACTION:
Recommended action
That the Planning and Housing Commission recommend adoption of the Mitigated Negative Declaration with Mitigation Monitoring and Reporting Program and APPROVAL of AHDB2023-0002 to the City Council, based on the findings contained in the staff report and conditions of approval.
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PROJECT SUMMARY
The applicant is requesting to build 115 multi-family residential units located at the southwest corner of Buena Vista Avenue and 2nd Street (Exhibits 1 and 2). The housing development consists of 114 affordable units and one market rate unit for the on-site manager. The project is an affordable housing development per Chapter 17.87 of the Corona Municipal Code (CMC) and State Density Bonus Law [Government Code ? 65915]. Section 17.87.020 of the CMC defines an affordable unit as "a dwelling unit within a household development, which will be reserved for sale, at an affordable housing cost, or rent, at an affordable rent, to a lower income household, a very low income household, a moderate income household, or a qualifying resident pursuant to the requirements of this chapter (Chapter 17.87 of the CMC) and the State Density Bonus Law."
The applicant has agreed to rent 114 of the units on the property to qualifying households at an affordable rent. Under the State Density Bonus Law, the development is eligible for a density bonus and/or other benefits including waivers of the City's residential development standar...
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