Ordinance 3955-23 - Laserfiche WebLink

5.Recommendation 4.6: Review and update the Multifamily Tax Exemption (MFTE) program 6.Recommendation 4.7: Review and update development height incentives program for affordable housing units; and D.The city commissioned a housing development incentives study and report, which includes an economic analysis that suggests fee waivers and exemptions would be effective incentives for affordable housing construction; and E.RCW 82.02.060(4) authorizes the city to provide an exemption of not more than eighty percent of impact fees for low-income housing with no explicit requirement to pay the exempted portion of the fee from public funds; and F.RCW 82.02.060(4)(a) authorizes the city to provide for an exemption of not more than eighty percent of impact fees for low-income housing if it is conditioned to require the developer to record a covenant that prohibits use of the property for any purpose other than for low-income housing; and G.The proposed ordinance requires the recording of covenants for any impact fee exemption approved for low-income housing; and H.The city council has previously approved such exemptions for low-income housing projects, small projects impact fees, and school impact fees; and I.This ordinance is categorically exempt from the State Environmental Policy Act under WAC 197- 11-800(14) and (19); and J.The code amendments meet the applicable criteria in EMC 15.03.300(C)(4); and K.The public health, safety and welfare will be provided for by these unified development code amendments; and L.The proposed amendment bears a substantial relation to public health, safety or welfare; and M.The proposed amendments promote the best long-term interest of the Everett community N.On _________, 2023, the Everett City Council held a public hearing, after proper notice, and considered public comment and the entire record related to this ordinance; and NOW, THEREFORE, THE CITY OF EVERETT DOES ORDAIN: Section 1. Subsection EMC 19.53.030 “Low-income housing”, which reads as follows: “Low-income housing” means housing where monthly costs, including utilities other than telephone, do not exceed thirty percent of the resident’s household monthly income and where household monthly income must be eighty percent or less of the Snohomish County median family income adjusted for family size as reported by the U.S. Department of Housing and Urban Development. May 3