- Affordable Housing Advisory Committee
- October 16, 2023
October 16, 2023
CITY OF TITUSVILLE
AFFORDABLE HOUSING ADVISORY COMMITTEE
MONDAY OCTOBER 16, 2023
3:00 P. M.
The Affordable Housing Advisory Committee meeting was held at the Harry T. Moore Social Service Center, 725 S. DeLeon Avenue.
Members present were Committee Chairman Robinson, Vice-Chairman Gary, and Member Coles. City Staff present were Tracy Davis, Neighborhood Services Grants & Contracts Compliance Manager, Sheila Martin, Neighborhood Services Special Projects Coordinator, and Eddy Galindo, Principal Planner.
I. Meeting was called to order at 2:58 p.m.
II. Roll Call
III. Quorum established by roll call.
IV. Approval of Minutes
Motion to approve the October 9, 2023 minutes made by Vice-Chairman Gary, seconded by Member Coles.
Motion carried by a unanimous voice vote of yes.
V. OLD BUSINESS
- Incentive K: The support of development near transportation hubs and major employment centers, and mixed-use developments.
Tracy Davis provided the Committee with a review of last year’s recommendations and comments for Incentive K. Chairman Robinson stated that SCAT is in charge of overseeing issue directly related to the bus routes and stops and affordable housing developments must consider the availability of public transportation. Eddy Galindo explained to the Committee that land use applications include an analysis of surrounding public transportation in the area.
Chairman Robinson called for a vote to accept Incentive K AS IS. Motion from Vice-Chairman Gary; Seconded by Member Coles. Motion carried by unanimous voice vote of yes.
- Incentive L: Inclusionary Zoning
Eddy Galindo explained to the Committee that Inclusionary Zoning involves a setting aside a number of units for affordable housing, which can be either fixed, meaning the same specific unit, or floating, and that generally, the number of units set aside coincides with the size of the development. Chairman Robinson stated that this concept is the bedrock of the Live Local Act and Inclusionary Zoning is very important because of residents whose income does not balance with the cost of housing and we as a City need to ensure that they are provided with more opportunities for housing options.
Chairman Robinson called for a vote to accept Incentive L AS IS with the recommendation that staff research specific parameters and requirements of inclusionary zoning such as unit sizes, number of units, and income guidelines. Motion to approve made by Vice-Chairman Gary; Seconded by Member Coles. Motion carried by unanimous voice vote of yes.
- Incentive M: Community Land Trust
Tracy Davis provided the Committee with the FHA recommendation and explanation for Incentive M, specifically that buyers only purchase the home and lease the land for 99 years, the land is owned by the nonprofit organization in charge of the community land trust, this helps keep the property affordable. The home can be passed down to heirs, but the heirs must meet the qualification and income requirements, and the home can be sold with the sellers able to profit from the equity of the house itself, but buyers must meet the income qualifications as well.
Chairman Robinson stated that community land trusts are not an entirely new concept, because it is similar to RV and trailers parks in that residents own the structures not the land and first time homebuyer programs have always had similar requirements regarding the succession of the property, and his biggest takeaway from the affordable housing crisis is that workforce housing is for people who earn 80% to 120% annual median income and affordable housing is for households that earn less than 80% annual median income.
Chairman Robinson called for a vote to accept Incentive M AS IS. Motion from Vice-Chairman Gary; Seconded by Member Coles. Motion carried by unanimous voice vote of yes.
VI. NEW BUSINESS
V. Petitions and Requests from the public
- Chairman Update
- Members Update
- Staff Update
Tracy Davis provided the Committee with the newly released information from HUD regarding rental income, present and potential, will now be considered as part of income by lenders to promote homeownership by assisting more borrowers in qualifying for FHA mortgages.
With no further business and discussions, Chairman Robinson adjourned the meeting at 3:25 p.m.