When the Aggie Research Campus is built out, it will include up to 2.654 million square feet of innovation center uses, along with 850 residential units of “varied sizes and affordability.” The affordable housing plan will go to the Social Services Commission on Monday evening.
Staff writes: “Although the developer has a gross total number of housing units (850), general unit types, and density range for which they are seeking approval and they do not know the specific numbers of each housing type that will ultimately be built. Therefore, it would be speculative to conclude that any particular combination of affordable units would be required.”
Staff notes that the 850 housing units being requested will “likely be comprised of a blend of multifamily rental and for-sale single family.”
The anticipation is that the single-family for-sale units would be “attached medium-density housing types which are typically offered at a more affordable price point for the market rate housing than detached low-density residential homes.”
The multi-family units will be “designed for ARC employees and are anticipated to be predominantly 1-bedroom and studios.”
Staff adds: “Future residential project proposals at ARC will be required to apply to the City for entitlements. Housing will be constructed in phases over the course of several years concurrent with the development of commercial.”
Staff further writes: “To account for the variability in timing and precise unit types, the applicant’s plan puts the requirement for determining what type, where and when each affordable unit will be provided on the future residential builders within the Project.
“Under the plan, compliance may be achieved cumulatively or on a project-by-project basis. As each phase of residential construction occurs, the builder then seeking entitlements will have to show compliance with the affordable housing plan and its alternatives consistent with the options provided for under the existing Affordable Housing Ordinance.
“It should be noted that the applicant proposes to comply with the Affordable Housing Ordinance as it is adopted today. Should the city make modifications to the existing provisions, those would not apply to the Aggie Research Campus,” staff adds.
“Considering the project will be built-out over the course of many years, the applicant desires certainty relative to the affordable housing requirements and provisions,” staff concludes. “In this way, the city will also be guaranteed a level of affordable housing that is consistent with the existing Affordable Housing Ordinance. The Project’s Affordable Housing commitments will be a baseline project condition that would not be subject to amendment without going back to the voters.”
The developer in their proposal notes: “It is anticipated that the ARC housing will be approximately one-third single-family attached ownership housing units, and two-thirds multi-family rental housing units (280 single-family and 570 multi-family units).”
However, the agreement at this time is not binding the developer to this assignment of units. “Rather, the precise mix of units will be determined at a future date(s) by one or more home builders based upon builder preference and market demand.”
The controlling factors on housing are that the median overall housing density will be no less than 30 units per acre with the density range of 15 to 50 units per acre and “the housing shall be consistent with any mandatory description contained in the Project’s baseline project features as approved by the Davis electorate.”
The precise mix has yet to be determined. They note once again the units, “due to Project phasing, are likely to be built out over the course of several years by different home builders, the ARC affordable housing plan seeks to memorialize the affordable housing obligations that will pertain to all housing development(s) at any and all phases of ARC.”
Pursuant to this arrangement, the developer and its successors-in-interest may elect to fulfill ARC affordable housing obligations through, but not limited to, any of the following methods:
- On-site construction of affordable ownership or rental units;
- Acquisition and recordation of permanent affordability restrictions on existing housing units within the City;
- Provision of a land dedication site;
- Payment of in-lieu fees;
- On-site construction of accessory dwelling units;
- Project individualized program; and/or
- Alternative manner such as a pledge to the City of a continuing revenue source for achieving affordable housing goals.
They add: “The precise method for fulfilling all or a portion of the affordable housing obligation shall be submitted concurrent or prior to a submission for entitlements authorizing the development of housing at ARC.”
—David M. Greenwald reporting