WA ST Dept of Commerce 5/4/2021 Amendment 1

Attachment A Scope of Work Action 1:Adopt a Housing Action Plan(s) This action will consist of two actions and six wee deliverables. 4 11 The first action will include aft a Citywide Housing Action Plan("Rethink Housing").This plan will serve as a policy framework and workplan to encourage construction of additional affordable and market rate housing city-wide. It will incorporate a Housing Needs Assessment and 2. The socond-astien-will-adept-a TOD Housing Strategies and Actions Pan-into the Housing Action Plan focused on strategies to increase the supply of housing to meet the needs for all income levels around future tight-rail-statiens-and high-capacity transit lines.This action will consist of four deliverables:a Housing Needs Assessment,a Report on Code Changes for the requirements in Section 1(1)(a-l)of E2SHB 1923,a Draft Housing Action Plan(NEW",and a Final Draft Housing Action Plan with Adoption Schedule. I i 21 Concurrent with the Housing Action Plans,for the second action,the city will study and complete adept a Housing Displacement Strategy focused on strategies to minimize displacement of low- Income households and minority communities adjasent-tight-rail-stations;along high- capacity transit routes,and in other areas where substantial redevelopment may occur.This action will consist of a Draft Strategy(NEW)and a Final Draft Strategy. Steps! ;1.1. �,_ .. , ., ..: ;.-. . • . ; pescrigtlonStart Date En'd Date • Action_f 1' is -a' ••IolisilIVActrtyri Rlia`n that ihcludes4TOD 07/28/2019 •12 6`• strategies('�1Re(hlnk+Housing'•'•) z ='06)1'512021` Step 1.1 Quantify existing and projected housing needs for all 07/28/2019 04/01/2020 income levels, including preliminary projections of needs necessary for the next GMA update due in 2023. Step 1.2 Complete an analysis of a prototypical multifamily 12/01/2019 04/01/2020 project(s)which shows development costs and an operating pro forma to identify rents needed to cover costs. Step 1.3 Complete a housing affordability analysis for all 07/28/2019 12/31/2019 incomes to identify cost burden for renters and homeowners in Everett i 1 Step 1.4 Draft strategies to Increase the supply of housing and 07/28/2019 04/01/2020 I i a variety of housing types to serve the housing needs based on projections and affordability Step 1.5 Review and evaluate the city's current housing 07/28/2019 04/01/2020 element {