Update to City Council February 16, 2021 (4:00 PM meeting) Materials • Presentation, located here. • Full Revised Affordable Housing Plan, located here. • Agenda (see next page). Background From November 3 to December 2, 2020, Cville Plans Together shared a draft Affordable Housing Plan with the community to gather feedback. We also shared some initial draft revisions to the Comprehensive Plan. During that time, we also met with Planning Commission and Council in a joint session (November 10). You can view a summary of all community engagement activities and input here. At the back of the revised Affordable Housing Plan, we have also appended letters received from groups/organizations. Since December, we have made several revisions to the Affordable Housing Plan. Changes were based on community, Steering Committee, Council, Planning Commission, and staff feedback. The most significant revisions to the Affordable Housing Plan since November include: • The addition of an overview of the recommended timeframe of implementation for tool recommendations (starting on page 18). • Clarifications and messaging adjustments on the $10M annual budget for affordable housing, to recognize current financial commitments in the coming years as well as the need for potential additional revenue sources (starting on page 49). o Page 51 demonstrates the scale of Charlottesville’s current commitment relative to other cities. • Additional recommendations and details related to affordable homeownership strategies (in summary on page 17 and in more detail starting on page 134). • More detail about opportunities for regional collaboration & strategies to directly address racial equity in the introduction (starting page 24). • Additional context related to the housing challenges section (starting page 36). • Inclusion of energy efficiency, aging in place, and support for those with disabilities as part of subsidies for owner-occupied rehabilitation (page 147). • Additional support for energy efficiency for multifamily projects through the acquisition fund (page 120). • Additional focus on the potential for a regional housing body (page 164), as well as a joint regional funding agreement (page 67). • Clarifications around the potential for increased tenants’ rights for cases in which the City is contributing funds (page 100). 1 Update to City Council February 16, 2021 (4:00 PM meeting) Agenda for February 16 Discussion Please note that this agenda will not include a full walk-through of the revised Affordable Housing Plan, which can be found here. 1. Presentation (10 minutes) A. Brief overview of revisions since November (summarized on the previous page) 2. Feedback from the Planning Commission (Feb. 9 meeting) 3. Overview of next steps A. Meeting with Council on March 1 (during the main Council meeting) to seek endorsement of the Affordable Housing Plan. B. Incorporation of Affordable Housing Plan recommendations into Comprehensive Plan (where appropriate). C. Anticipated community engagement around the draft land use map and Comp. Plan end of March/early April. 4. Council comments/questions about Affordable Housing Plan 2