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Title:
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REPORT - HIGH-DENSITY MULTI-FAMILY RESIDENTIAL INCENTIVE PROGRAM
BACKGROUND: The purpose of the High-Density Multi-Family Residential Incentive Program (Incentive Program) is to encourage housing development and increased density in downtown Santa Rosa through the reduction/deferral of City development impact fees. The program supports City Council goals to foster a strong downtown and meet housing needs and implements City Council priority 1.4 Downtown Housing.
The proposed Incentive Program is recommended to have a limited term of five years and be targeted toward residential projects located within the Downtown Station Area Specific Plan Area and the General Plan Downtown Core Boundary. The Incentive Program includes reductions to the Park Impact Fee and the Capital Facilities Fee, as well as the deferral of water and wastewater demand fees. In addition, the Incentive Program includes incentives specifically for affordable housing projects and inclusionary housing projects that d...
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