HomeMy WebLinkAbout1995-11-09; Housing Commission; Resolution 95-0111
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HOUSING COMMISSION RESOLUTION NO. 95-011
A RESOLUTION OF THE HOUSING COMMISSION OF THE
CITY OF CARLSBAD, CALIFORNIA RECOMMENDING
DENIAL OF A REQUEST BY GREYSTONE HOMES TO
PURCHASE 23 AFFORDABLE HOUSING CREDITS IN THE
VILLA LOMA PROJECT IN ORDER TO SATISFY THE
AFFORDABLE HOUSING OBLIGATION OF THE COSTA DO
SOL PROJECT UNDER THE CITY’S INCLUSIONARY
HOUSING ORDINANCE
CASE NAME: COSTA DO SOL
WHEREAS, the City of Carlsbad has identified a need to provide at least 1400
housing units affordable to households of low and very low income by 1996; and
WHEREAS, a project, known as the Costa Do Sol Project, has an obligation to
provide 23 units of housing affordable to low income persons pursuant to the City of Carlsbad’s
Inclusionary Housing Ordinance; and
WHEREAS, the City’s Inclusionary Housing Ordinance allows a developer to
satisfy the affordable housing obligation in a combined project upon approval by the City
Council of the City of Carlsbad; and
WHEREAS, the developer of the Costa Do Sol project, Greystone Homes, has
submitted a request to participate in a combined affordable housing project, known as the Villa
Loma Project, through purchase of housing credits from the City of Carlsbad;
WHEREAS, the request by Greystone Homes to purchase housing credits to satisfy the
affordable housing obligation for the Costa Do Sol has received a recommendation for approval
by the Project Staff Review Committee; and,
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HC RESO. NO. 95-011
PAGE 2
WHEREAS, the Housing Commission believes that the developer can best meet the
affordable housing needs of the community by building affordable housing units within the Costa
Do Sol project rather than purchasing housing credits
NOW, THEREFORE, BE IT HEREBY RESOLVED by the Housing Commission
as follows:
1.
2.
3.
That the foregoing recitations are true and correct.
That the Housing Commission recommends denial by the City Council of the
Greystone Homes Inc. request to purchase a total of twenty-three (23) Housing
Credits from the City of Carlsbad for participation in a combined project, known
as the Villa Loma Affordable Housing Project, to satisfy the affordable housing
obligation for the Costa Do Sol Project (CT92-0UPUD 92-01/SDP 93-04/
HDP 92-10) pursuant to the City's Inclusionary Housing Ordinance.
That the Housing Commission recommends that Greystone Homes Inc., developer
of the Costa Do Sol Project, be required to construct the required affordable
housing unit on-site rather than through the purchase of housing credits within the
Villa Loma Combined Affordable Housing Project.
PASSED, APPROVED, AND ADOPTED at a regular meeting of the Housing
Commission of the City of Carlsbad, California, held on the 9th day of November, 1995 by the
following vote, to wit:
AYES: Calverley, Escobedo, Rose, Saw, Scblehuber, Wellman
NOES: AViS
ABSENT: Noble, Scarpelli
ABSTAIN: None
DOUGYAVIS, chairperson
Housing Commission
EVAN E. BFCKEk
Housing and Redevelopment Director