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ORDINANCE NO. <br />LI <br />EVERETT <br />WASHINGTON <br />An ORDINANCE Relating to Exempting Special Connection Charges for Low -Income Housing Projects, <br />AMENDING Chapter 14.08 of the Everett Municipal Code <br />WHEREAS, <br />A. Everett, along with the Puget Sound Region, is experiencing a housing availability and affordability <br />crisis; Census estimates (American Community Survey Table S2503 for 2021) indicate widespread <br />housing cost burden in the city: <br />1. 42% of the city's households pay more than 30% of their income for housing costs; <br />2. 77% of the city's below median income renter households pay more than 30% of their <br />income for housing costs; and <br />B. The city's comprehensive plan includes the following policies and implementation measures that <br />are supportive of this ordinance: <br />1. The goal of the Housing Element is to provide sufficient housing opportunities to meet <br />the needs of present and future residents of Everett for housing that is decent, safe, <br />accessible, attractive and affordable. (Housing Goal 4.0) <br />2. Consider providing additional incentives to housing developers and homebuilders in <br />return for providing housing that is affordable to lower and moderate -income <br />households. (Housing Policy 4.3.1) <br />C. The City Council adopted the Rethink Housing Action Plan on October 7, 2021 specifying short- <br />term implementation strategy as follows: <br />1. Action S-5. Coordinate a Development Incentives Study to provide guidance on changes <br />and initial incentives for affordable housing construction and preservation <br />2. Recommendation 2.2: Provide a detailed economic study of potential incentives in urban <br />corridors <br />3. Recommendation 4.2: Create financial assistance programs for affordable housing <br />preservation <br />4. Recommendation 4.4: Expand fee waivers for affordable housing <br />`! ORDINANCE Page 1 of 4 <br />