CITY COUNCIL AGENDA ITEM
ACTION REQUESTED:
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Consider the recommendation of the Housing Advisory Commission regarding the inclusion of affordable housing within the 5th Avenue Development project
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DEPARTMENT: Transportation, Engineering and Development
SUBMITTED BY: Allison Laff, AICP, Deputy Director
BOARD/COMMISSION REVIEW:
The Housing Advisory Commission (HAC) voted (6-0) at its February 4, 2019 meeting and formally adopted a position paper (vote 8-0) at the March 4, 2019 meeting. The HAC is recommending the City Council direct the developer to include a minimum of 20% affordable housing, as defined by the Illinois Housing Development Authority (IHDA), in the proposed 5th Avenue Development project.
BACKGROUND:
At the December 4, 2018 meeting, the City Council requested that the HAC provide input regarding the housing component of the 5th Avenue Development project, including answers to the following questions:
* Defining Terms: What is "attainable housing?" What is "affordable housing?"
* Should attainable or affordable housing be a required component of the 5th Avenue Development?
* What level or percentage of attainable/affordable housing should be required?
* Who is the target market for housing in this development?
DISCUSSION:
The HAC convened on February 4, 2019 to discuss the 5th Avenue Development project, as directed by City Council. Following a presentation by City staff and the DuPage Homeless Alliance, the HAC voted (6-0) to recommend that the City Council direct the developer to include a minimum of 20% affordable housing, as defined by the Illinois Housing Development Authority (IHDA)*, into the proposed 5th Avenue Development project. The Commission cited the following reasons as to why this site is ideal for inclusion of affordable housing: 1) the properties are owned by the City; 2) the properties are adjacent to/have access to the train station; 3) housing at this location can address the housing needs of seniors, veterans...
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