Title
Receive a report from the Economic Development Department on the affordable housing pipeline in Monterey County.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a. Receive a report from the Economic Development Department on the affordable housing pipeline in Monterey County.
SUMMARY:
It is widely known and accepted that there is a State-wide housing crisis, including a shortage of affordable housing in Monterey County. The housing crisis arises in connection with both the affordability of housing and the supply of single and multi-family housing units. In response, the Board of Supervisors requested a report on the housing pipeline in the county in order to assess the severity of the situation and plan next steps to address it. A regional approach to the issue is planned by the County in partnership with other jurisdictions and affordable housing developers.
DISCUSSION:
During the Board's deliberations on the Moro Cojo project on December 8th, the Board requested staff to report back in regard to the affordable housing pipeline for the next five years. County staff contacted a number of local jurisdictions and six affordable housing developers to determine what affordable housing availability will be over the next five years. The cities of Gonzales, Greenfield, Marina, Salinas, and Soledad responded to these inquiries, as well the following affordable housing developers: CHISPA, Eden, Interim, Monterey County Housing Authority Development Corporation, and MidPen Housing.
Based only on survey results, which do not include all jurisdictions, it is projected that there will be 1,089 affordable units produced within the next five years, with an additional 309 affordable units produced thereafter, for a total of 1,308 projected affordable units. Of these, 289 (22%) will be situated in East Garrison. The projected production breakdown by year is as follows:
YEAR # UNITS %
2016 270 20.6
2017 142 10.9
2...
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