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Reducing Housing Costs <br /> The city's market analysis shows a disconnect with the regional growth allocation for Everett. If the city is to achieve the higher <br /> growth targets by bending the trends, it may be necessary to address the obstacle of finding ways to reduce development costs <br /> while housing prices remain below the Seattle/King County market. A package of financial incentives, at least until the city <br /> achieves another 1,000 units of market-rate housing in Metro Everett, should be implemented. <br /> H-7: Expand the city's multifamily tax exemption program to include all areas in Metro Everett. <br /> H-8: Reduce off-street parking requirements for multifamily residential development where car ownership rates are <br /> lower for resident populations, such as seniors, low-income, smaller households, and students. <br /> H-9: Expand the 25% reduction for transportation impact fees downtown to Metro Everett. Explore other models for <br /> transportation impact fee reduction based on urban centers similar to Metro Everett. <br /> H-1 0: Within any budget limitations of the city and school districts, provide an exemption or reduction for low-income <br /> housing projects from impact fees and system connection charges as allowed by state law. <br /> Quality Housing Environment <br /> The public voiced strong opinions that an active, safe and clean city is the key to a renewed Metro Everett. Housing development <br /> needs to be attractive and existing blighted properties need to be cleaned up. <br /> H-I 1: As the population increases, work to ensure additional open space is developed. Since space is limited, these open <br /> spaces can be accomplished as follows: <br /> • integrated into new developments (e.g. rooftops, courtyards and plazas) <br /> • new opportunities around Everett Station, such as the Lowe's site if redeveloped, and around the light rail station <br /> • enhancement of public streets and sidewalks (street trees, boulevards, outdoor cafes, etc.) <br /> • additional public benches for places to sit, either in the sun or shade <br /> • creation of a new street-end park, with views of the waterfront, at the west end of Hewitt at the railroad <br /> Chapter 6,Housing 5 August 29,2018 <br />