Laserfiche WebLink
-:ouahr. „d lio.:vaii, ~ <br /> Dort) Co uutcil Page 2 <br /> saiazcl:b;e Housing liequireutetas for InciustTial Developments <br /> vte understand the attennpt to ]ink eurplvyu,ent centers (i.e. industrial dcvclopmcntc) <br /> with :he n,~ed for more "workforc«"housing. However, requiring industrial or <br /> e~,mr,. rcinl developments to build workforce housing could. actual discourage <br /> invf;c:rtents in industrial and commercial developments. The end result would be no <br /> new.job creatimt. As such, we arc in opposition'to Bill No. t56. <br /> I'ne t~blem Is net the new lobs being generated but the lack of affordable workforce <br /> boos.-,g. "i'hese arc two related but distinct problems which should not be linked. <br /> The ::ounection beiv+een housing and income should be understood by policy makers. <br /> 1lou;int; sSCUUtions in other cities have been described as an "Tncnme. problem not a <br /> s.[p~'.~ problem." Brnployers generally look for an educated work force and affordability <br /> h;,usinc wlteu locating of expanding businesses. From a public policy standpoint, if <br /> we n~anr lu attract ~ernployers hereto provide higher paying jobs for our residrnce both <br /> now in the future, Ne need to insure an adequate supply of housing. <br /> 14e need bo?h nea j >bs ~)r empleyrnent opportunities gnd affordable workforce housing. <br /> Ratl•,=rthan placing dte affordable housing requirement on investors who are bring new <br /> jab= thr market, the County might consider what eouid or should be done to increase <br /> the 5~,iupl> of affordable workforce housing. Increasing the supply of housing would <br /> cr~[ttr bowing opportm.-lilies tothose who secure the new jnh~e <br /> lti'hile local government does not have an ability to influence income or interest rates, <br /> IpCa) acrvernment does have options; however, these options are will usually limited to <br /> one cf t:he following: <br /> 1. At;crverrxttrentA,pproaats--(Loninq/Permit[-ing.) Government can either <br /> require units be built as a ;.•ondition of the approvals or create incentives to <br /> stimulate the marker. for development of housing units; <br /> GosernnaentFYn[zncint7-(infrrr_ctructure, tax credits,pub[ic hausin,C/). <br /> 4scvermncnt plays the role of actual developer in C1P for infrastructure or public <br /> -rousink, Government also assists in providing tax credits for affordable housing <br /> projects. <br /> an+. polio;; de~~-lopmenz an :,fFor,jahle housing should consider all of the elements that <br /> are. i ~;erconnected and influence the housing market. Focusing on one element without <br /> cot sidering the others ar focusing on one segment of the market will not lead to a <br /> sustair,ab~e atf`?°daEae horsing policy. Purthrrmure, policy makers should be nwnre of <br /> `,he impac" of fousing e~cactions in a growing and stagnant economy. ft wasn't too long <br /> age 4+'hen them, was an ncecsupply of housingbecause ofthe depressed economy. <br /> Thc-e is ne sample solution to the problem; however; if the goal is to have mare product <br /> 1 hcusingj bunt, or.e suggestion would Ue. lv luuudz various initiatives to address some of <br /> the :Iroblems iventified in each ofthe elements. <br /> We [;p;~reciate the oppoztunity to express our views on this matter. <br /> <br /> Zi] 3'J"~ OON L69S9ZE 6b~80 S00Z/90/ZT <br /> <br />