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ORD 99-14 AFFORDABLE HOUSINGORDINANCE NO. 99-14 AN ORDINANCE of the City of Bainbridge Island, Washington, relating to affordable housing and amanding Section 18.06.56S of the City of Bainbridge Island Municipal WHEREAS, on June 5, 1997, the city council adopted Ordinance 97-15, impl~nxenting policies of the housing element of the comprehensive plan and creating Chapter 18.90, Affordable Housing, relating to density bonus provisions; and WHEREAS, Section 18.06.565 of Chapter 18.06, De~ntions, defines "median household income" and specifies that it means the Bremerton Metropolictan Statistical Area (MSA) median household income; and WHEREAS, recent research indicates that for the purposes of creating affordable housing, Bainbridge Island income~ and housing costs correlate more closely to Seattle/King County than to Bremerton/Kitsap County. Now, therefore THE CITY COUNCIL OF THE CITY OF BAINBRIDGE ISLAND, WASHINGTON, DO ORDAIN, as follows: Section 1. Section 18.06.565, "Affordable housing" is hereby mended as follows: "Affordable housing" or "affordable dwelling unit" (formerly '~tUD-Defined AffordableHousing") means a dwelling unit for use as primary residence by a household in any of the income groups described below, which may be rented or purchased without spending more than 30% of monthly household income including utilities other than telephone and cable TV. The DeparUnent of Planning and Comnlunity Development shall calculate and publish annually the maxima purchase prices and maximum rents applicable to each of the following income groups: Extrcrncly Low Income Very Low Income Low Income Moderate Income Middle Income <30% of median household income 31% - 50% of median household income 51% - gO°/o of median household income 81% - 95% of median household income 96% - 120% of median household income "Median household income" means the mount calculated and published by The United States Department of Housing and Urban Development ("HUD") each year for the Bz_..~a:n Seattle Metropolitan Statistical Area (MSA) as the median household or family income, adjusted by HUD for household size. Section 5. This ordinance shall take effect and be in force five days from and after its passage, approval and publication as required by law. pASSl~.r~ by the City Council this 28 day of April ,1999. APPROVED by the Mayor tiffs 29 day of April ,1999. ATTEST/AUTHENTICATE: ~~, ity Cl~k APPROVED AS TO FORM: Rod P, KasoSuma, City Attorney FILED WITH THE CITY CLERK: March 10, 1999 PASSED BY THE CITY COUNCIL: April 28, 1999 PUBLISHED: May 5, 1999 EFFBCTIVE DATE: May 10, 1999 POSTED: l~iay 5, 1999 ORDINANCE NUMBER: 99-14 2 City of Bainbridge Island PLANNING AND COMMUNITYDEVELOPMENT > ~ . .,~ ~ F :F "F ,. TO: City Council FROM: Marti Stave, Senior Planner DATE: March 18, 1999 RE: Affordable Housing program assumptions Since adopting the Affordable Housing ordinance (97-15) in 1997, there has been some progress in getting units on the ground. The first units are now being built and we have encountered the first problems with the program. When preparing the ordinance in 1996, we relied on data that had been gathered for the needs assessment of the Housing Element of the comprehensive plan. Since then conditions have changed considerably. While the cost of housing on Bainbridge Island has risen steadily, the cost of housing in some areas of Kitsap County has actually declined. At the same time median household incomes have risen more slowly in Kitsap County than on Bainbridge Island. The problem comes when we try to use Kitsap County incomes to set sales prices for affordable units on Bainbridge Island. The resulting figures are artificially low for our area. I have had conversations with Heather Ballash of the Department of Community, Trade and Economic Development about this problem. She tells me that other jurisdictions use whatever figures fit there needs as long as they can be justified. The reason we would use the Seattle PMSA median household incomes is that the figures are readily available from the USHUD office is Seattle, whereas Bainbridge Island figures are developed by the Puget Sound Regional Council and they are estimated for the 2 years previous. For 1997, the median incomes were as follows: (the comparison is made for 1997 because that is the latest figure we have for Bainbridge Island.) Statistical Area Bremerton MSA Bainbridge Island Seattle PMSA 1997 Median HH Income $48,100 $58,981 $59,000 1997 Median Home Sales price $136,000 $229,077 $199,000 In addition, developers tell us that development costs are 12% - 15% higher on Bainbridge Island than in the rest of the County. In order for our affordable housing program to work and to provide housing for Bainbridge Island residents we need to adjust our assumptions about income. This is an urgent matter. In the interest of timing on this ordinance, if you have any questions please call me ahead of time so we can discuss it. I am at 780-3763.