Resolution 6396 - Laserfiche WebLink

Page 11 of 19 market conditions,community characteristics, and the vision for growth embodied in local comprehensive plans. In 2008- 2009 the region launched a"Housing Innovations Program"(HIP)coordinated by PSRC and the Prosperity Partnership to pursue legislative efforts at the state level to create new tools and funding mechanisms to support and incentivize local affordable housing efforts and reduce the costs of housing!Supported by a Washington State Housing Finance Commission grant, the program formed a technical working group to investigate and endorse existing regulatory and incentive-based affordable housing tools and approaches that local governments can use to facilitate and stimulate affordable housing production.While legislative priorities and an array of regulatory approaches and tools were identified, the region has lacked resources to continue its work to provide local jurisdictions education and technical assistance to promote the use of existing affordable housing tools and best practices.The grant support builds on the work conducted under HIP, and provides technical assistance to local governments in efforts to enact regulations and incentives that promote the production and preservation of affordable housing in transit corridors and near job centers for workers at all wage levels. The region's nonprofit, affordable housing development community will be actively involved in formulating policies and strategies. This effort will also build upon the experience and capacity of Consortium partner ARCH (A Regional Coalition for Housing), an existing consortium of East King County cities and King County that has developed and administered affordable housing programs for its members.A specialized staff position jointly supported by ARCH,and with oversight from the Coalition's Affordable Housing Steering Committee,will provide direct staff support to local jurisdictions throughout all of the transit corridors to develop local affordable housing incentive programs. This work will also include information sharing among participating jurisdictions and the Affordable Housing Steering Committee to develop efficient means to administer local programs. This task is highly interrelated with additional affordable housing tasks described in Element D. The East LINK, North LINK and South LINK Task Forces will oversee these tasks. • Task B2.1: Identify Corridor Stakeholders&form Corridor Task Forces(June-August 2011) • Task B2.2: Identify and gain agreement on common equitable TOD principles in each corridor(December 2011) • Task B2.3: Develop Existing Conditions Corridor Reports(July 2011—February 2012) • Refine Ratings Factor Form 2 and other regional data: update demographics, land use,travel and other data in station areas and corridors • Conduct policy/regulatory audit: assess existing regulatory conditions regarding TOD and identify opportunities/challenges;equitable development/affordable housing • Assess existing and recommended regulations and incentives to support equitable development and affordable housing • Analyze environmental challenges/opportunities: assess implications for regional land conservation, community open space, air&water quality, brownfield redevelopment,etc. • Task B2.4: Develop quarterly progress report to Oversight Committee(Quarterly) • Task B2.5: Engage local communities, planning staff and local officials to create visions for unique roles and opportunities in station areas/corridors; Identify strategies, issues, priorities and catalyst projects unique to each corridor(December 2011—August 2012) • Task B2.6: Work with local jurisdictions to secure local commitments to implement TOD vision via corridor- based compacts (April-December 2012) • Task B2.7: Conduct general community outreach/education and build support for TOD visions and principles. (December 2012—September 2013) • Task B2.8: Provide technical assistance to local jurisdictions to identify modifications to local land use plans and local development regulations to facilitate and provide incentives for equitable TOD and affordable housing. Advance Housing Innovations Program work.Advance policy/regulatory revisions that execute compacts. 7The Prosperity Partnership is a regional coalition of over 300 government,business,labor and community organizations from King,Kitsap,Pierce,and Snohomish counties dedicated to developing and implementing a common economic strategy.Housing Innovation Program:http:/twww.prosperitypartnership.orq/foundation/housingfindex.htm Page 11 Cooperative Agreement Instrument No.WARIP0042-10