Affordable Housing Requirements

According to data from the California Department of Housing & Community Development, in 2007 the Area Median Income (AMI) for a family of four in the County of Placer is $67,200. The AMI is used to determine the percentage of affordable homes constructed or rehabilitated for very low-, low- and moderate-income households. At least 15% of all units developed in a project area must be affordable to families making between 120% and 50% of the AMI. Using the current AMI a family of four making $80,600 or less would be eligible. At least 6% of the 15% must be available for households at or below 50%. Where can I view a list of affordable housing units? AB 987, which became effective 1/1/2008, requires that Redevelopment Agencies make available online a database of affordable housing units assisted with moneys from the Redevelopment's Low- and Moderate-Income Housing Fund.
How do redevelopment agencies maintain affordable housing? CRL requires that no less than 20% of tax increment revenue derived from a redevelopment project area be used to increase, improve, and preserve the supply of housing for very low-, low- and moderate-income households. If none is provided within a redevelopment project area, then the funds must be used to build twice that amount elsewhere.
Possibilities include financial assistance to upgrade existing units, the construction of new housing, and improvements to public facilities and infrastructure that directly result in the creation or preservation of low- and moderate-income housing. What are inclusionary housing requirements? In addition to the 20% requirement, the CRL contains inclusionary housing requirements.
Units developed by an agency: At least 30% of all new or rehabilitated dwelling units developed by the Agency must be available at affordable housing cost to persons of low and moderate income. Also, not less than 50% of those units are to be available at affordable cost to persons of very low income. Must be 30% whether owner occupied or rental.
Units developed within a redevelopment project area: For new or rehabilitated dwelling units developed by public or private entities or persons other than an agency within a 10-year period, 15% of those units are to be available at costs affordable to persons of low or moderate income. Not less than 6% of these units are to be available to very low-income households.
The Rocklin Redevelopment Agency does not plan to develop any housing units directly. Are low- or moderate-income housing units replaced when they are destroyed or removed? Whenever residential units housing persons of low or moderate income are removed from the market as part of a specific project, an agency is required by law to rehabilitate or construct an equal number of replacement dwelling units within the jurisdiction of that agency, within four years of removal. Also, 75% of the replacement units must be affordable to the same income level (very low, low or moderate) as the persons displaced from the removed units.
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