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Staff understands that this is an iterative process, and housing policy may have changed since the original <br />development of this plan. In addition, market conditions have changed since the plan was adopted and the City has <br />seen a number of projects move forward that may change the original assumptions that went into the plan. This <br />exercise in developing the Assistance Policy will help formulate necessary amendments to the current <br />Comprehensive Plan as the City looks to update this plan in the coming years. <br />Ranking Thresholds <br />Through a combination of existing policies, past approvals, and review of similar policies (from neighboring <br />communities), Staff also prepared a short list of quantitative scoring metrics in an attempt to provide for an <br />objective review. In addition, this provides applicants direction as to whether they feel the goals of their project <br />meet the goals of the City. It is important to note that the current scores listed on the matrix are an initial attempt to <br />illustrate how the City could develop a scoring system. The current assumption is that each category carries equal <br />weight. The remaining process, if approved by City Council, will begin to assign scores and weights to individual <br />categories and metrics. <br />General Policy Provisions <br />In addition to the recommended two -step process identified above, Staff has also drafted Priority Project Categories <br />and Eligible Activities. The Priority Project Categories establish priority types of projects, such as new <br />construction, redevelopment, and rehabilitation. The list can also be expanded to include affordable housing, <br />move -up housing, and executive housing. These Priority Categories are intended to be able to be re- prioritized over <br />time to meet the City's housing goals. For example, if the City receives a larger number of requests for a certain <br />type of housing, while another type remains under - represented, the Priority Categories can be amended to shift <br />focus on the under - represented type to better meet successful achievement of housing goals and market conditions. <br />Finally, the policy as it stands today deals specifically with policy, but has not developed a documented process or <br />procedures for review and approval. That process will be included in the final draft. <br />Recommendation: <br />Staff recommends that the City Council forward the framework of the Housing Assistance Policy to the Planning <br />Commission and Economic Development Authority for review and recommendation. Furthermore, Staff <br />recommends establishing an ad hoc sub - committee consisting of one (1) City Council Member, one (1) Planning <br />Commissioner, and one (1) Economic Development Authority member. <br />Funding Source: <br />There is no additional funding required in establishing the Housing Assistance Policy. Development of the policy is <br />being handled with existing budgeted dollars for personnel and professional services. <br />Council Action: <br />Motion to forward the Housing Assistance Policy framework to the Planning Commission and Economic <br />Development Authority as well as establish an ad hoc review sub - committee consisting of one (1) City Council <br />Member, one (1) Planning Commissioner, and one (1) Economic Development Authority Member. <br />DRAFT Framework Housing Assistance Policy <br />Minimum Thresholds only Housing Assistance Policy <br />Attachments <br />Form Review <br />Inbox Reviewed By Date <br />Kurt Ulrich Kathy Schmitz 03/21/2013 04:29 PM <br />Form Started By: Kathy Schmitz Started On: 03/21/2013 04:21 PM <br />