Ordinance 3454-15 with Exhibits A- C

EVERETT COMPREHENSIVE PLAN 13. A significant portion of Everett's housing stock is older and will need renovation or redevelopment in the near future. 23% of the City's total housing stock was constructed before 1949, compared to 9% across the County. 14. Increasing political awareness and knowledge of the impacts of the built environment on greenhouse gas emissions and climate change could result in additional regulations that require new and renovated housing to be carbon neutral. 15. In an effort to become carbon neutral more households will need to be located near convenient public transit service. 16. Projected development of light rail stations could see an additional 3,000 housing units in Everett. These units most likely will be located nearby in multi -family mixed-use developments that would be able to better serve locally employed residents. 17. The changing workplace environment will have more employees, young professionals and families wanting to live in communities that are in close proximity to work. The need for housing in high quality, safe, healthy, livable developments in and near the urban and manufacturing centers will continue to increase as Everett continues to grow. 17. To achieve the construction of more dwelling units, the City will have to take actions in certain focus areas to encourage redevelopment to occur faster than anticipated and to encourage higher densities than are currently being achieved. D. Snohomish Countywide Planning Policies and the "HO -5 Report" The City's comprehensive plan must be consistent with the Countywide Planning Policies (CPP's). CPP HO -5 required preparation of a housing report for use by all jurisdictions in the updates of their comprehensive plans. The Housing Characteristics and Needs in Snohomish County report includes a section related to the number of low to moderate housing units each city and Snohomish County should plan for / accommodate, based on maintaining the current proportion of households countywide within the Extremely Low Income (30% or less of AMI), Very Low Income (31 to 50% of AMI), and Low Income (51 to 80% of AMI) households. For the entire county, the ratio of the total number of households in the county in each category is 11 %, 11 % and 17%, respectively. While the report and the numbers it contains are not binding on any jurisdiction, if Everett were to aspire to maintain these ratios as targets, based on the growth targets established in the City's Preferred Alternative, Everett would have to provide for / accommodate the following number of housing units for households in each income category: Extremely Low Income = 2,090 Very Low Income = 2,090 Low Income = 3,230 The above stated numbers differ from those contained in the HO -5 Report because the City opted for a lower housing growth target than assumed in the report, and added dwelling units constructed between 2010 and 2014. HOUSING ELEMENT 22