Resolution 7700 - Laserfiche WebLink

(02/26/2019) 32 | Page planning to protect critical areas, such as wetlands, geologic hazard areas, fish and wildlife habitat, and floodplains. The City of Everett, like many municipalities, charges development impact fees on new development. Fees are charged for schools, fire, and traffic. Until 2012, Washington State allowed waiver of impact fees for affordable housing only when the fees were paid from public funds other than impact fee accounts. In 2012, Washington State amended the law (EHB 1398.SL) that allows governments to grant either a partial exemption of not more than 80% of impact fees, or provide a full waiver where the remaining 20% are paid from public funds other than impact fee accounts. School districts that receive school impact fees must approve any exemption for their fees. The City of Everett has updated several of its ordinances in the past several years to help reduce the barriers to development of low-income housing: • Impact fee reductions for low-income housing (Ord. 3504-16) • Reduction for sewer and water connections for low-income housing (Ord. 3579-17) • Multifamily housing property tax exemption – new low-income targets (Ord. 3635-18) • Metro Everett height incentives for affordable housing (Ord. 3615-18) • Off-street parking reductions for low-income housing (Ord. 3616-18) Housing Projections Everett’s allocation of regional growth would be 165,000 people by 2035, requiring approximately 23,000 housing units to be added to the city’s housing supply. POPULATION 2017 estimate (ACS) 107,560 2035 allocation 165,000 Net Population Change 57,440 HOUSING Occupied Units 2017 (ACS) 42,652 Persons per household (all tenure) 2.52 Housing Units 2035 (total) 65,429 Net Housing Unit Change 22,777 If the distribution of household income remains similar, the following table shows the housing need by income groups. Housing serving households that earn 50% AMI or less most often require some subsidized housing, or may be faced with substandard housing or being cost burdened. These projections indicate that almost 13,000 of the new housing units would need to serve low-income households.