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<br /> Page 115 <br />Everett 2044 Housing Element Appendix <br />Category 2: Sensitfve informatfon <br />• Redevelopable (more likely to redevelop based on <br />2019 improvement to land value ratfo2) <br />• Pending (development in progress but not completed) <br />• Church (no development expected) <br />• Schools (no development expected) <br />• Special (mostly undevelopable for a variety of reasons) <br />• Vacant (developable) <br />The number of acres, less critfcal areas, were then determined <br />for lands designated as developable or redevelopable and <br />identffied as gross buildable acres per zone. This total was <br />reduced by a market factor and a deductfon for land needed for public purposes such as roads, parks, <br />stormwater facilitfes, etc., to determine net buildable acres per zone. <br />Net buildable acres were combined with assumed development or redevelopment density by zone, <br />which were drawn from observed developments. For example: 74 dwelling units per acre for the MU <br />zone, 94 dwelling units per acre for the UR4 zone, and 22 dwelling units per acre for the UR3 zone. <br />See pages 13-33 of the 2021 Snohomish County Buildable Land Report for more on methodology, and <br />see exhibit 3 for buildable lands maps for Everett including land status and 2015-2035 housing capacity. <br />Reasonable Measures <br />The 2021 Snohomish County Buildable Lands analysis determined that Everett’s plans fall short of the <br />housing unit capacity needed to meet the existfng plan 2035 targets by approximately 1,500 units. The <br />shortiall triggers the reasonable measures process in RCW 36.70A.215 to reconcile current planning <br />targets. At least three measures are identffied that are expected to increase capacity accountfng for the <br />shortiall. The measures included in the Everett 2044 periodic update are: <br />a. Housing Development Incentfves Program update. <br />In July 2022, the city received a Housing Actfon Plan Implementatfon Grant from the Washington <br />State Department that enabled implementatfon of a Housing Development Incentfves Program <br />report and expansion of the Multffamily Tax Exemptfon (Ord. 3954-23) to incentfvize housing <br />productfon that more fully uses available development capacity. <br />b. Accessory Dwelling Units <br />The city council adopted Ordinance 3963-23 in 2023, significantly expanding capacity for <br />development of accessory dwelling units in the city. <br />c. Park District Planned Development Overlay. <br />The city council adopted Ordinance 4034-24 in 2024, establishing a planned development overlay <br />and development agreement for the 1,500 housing unit Park District development. <br />These three measures provide more than enough new housing capacity to cover the 2035 shortiall <br />identffied under the 2021 Snohomish County Buildable Lands analysis. <br />Everett 2044 Approach to Growth Alternatives <br />Beginning with the Everett 2044 scoping process through summer 2023, staff, the planning commission, <br />and city council worked to identffy a set of growth alternatfves to study in the Everett 2044 <br /> <br />2 The 2021 Snohomish County Buildable Lands Report uses an improvement to land ratio threshold for <br />single-family housing at .75 and a value of less than 1.00 for multifamily units. (pp. 16-17)