Approve a resolution directing the City Manager to research and report to Council on mechanisms to “buy down” the affordability of existing subsidized residential properties to generate deeper affordability; consider the feasibility of allowing residential developments with on-site affordable units to pay a fee in lieu of; consider ways to expand access to high opportunity areas for the City’s lowest-income residents; and report back to Council by November 19, 2026.
26-1886 · Item from Council · Agenda Ready
Sponsors: Ryan Alter, José Velásquez, José "Chito" Vela, Paige Ellis, Krista Laine