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`6j ` HOUSING EVERETT <br /> CURRENT HOUSING STRATEGIES <br /> Over the past several years, Everett has enacted and employed a number of strategies to support housing <br /> production. <br /> Indirect Cost Measures Direct Cost Measures <br /> A Reduced parking standards A Multifamily tax exemptions—10 and 12 years <br /> A High-density zoning(Metro, Evergreen Way for market rate and affordable housing <br /> Corridor, Broadway Mixed Use) A Development Impact fee reductions <br /> A Accessory dwelling units flexibility (affordable housing) <br /> A Density bonus incentives A New development Special Connection Charge <br /> A Planned Actions deferral (affordable housing) <br /> A Opportunity Zones—Designated Census Tracts A Special valuation (tax incentives for historical <br /> investment incentives preservation only) <br /> A Inter-jurisdictional collaboration for A Federal grant opportunities (affordable <br /> coordinated resources and housing policy housing only) <br /> EVALUATING CERTAIN HOUSING STRATEGIES <br /> The City is currently focusing on evaluating the effectiveness and impact of additional strategies <br /> including: <br /> • Inventory City surplus land and make available for • Expediting permit review for new housing <br /> affordable housing • Strengthening affordable housing targets <br /> • Simplifying land use and building code regulations • Providing lot consolidation incentives to facilitate <br /> • Expanding housing types in Single Family and encourage large projects <br /> Residential zones or expanded high density areas • Aligning federal, state and local housing funds for <br /> priority projects <br /> Housing Strategy—Questions <br /> As part of our efforts to develop a citywide What are the specific barriers to housing <br /> housing strategy, the City is seeking input from a production? <br /> wide array of industry experts and the broader <br /> community. This input should address the How should the City align its housing priorities <br /> following questions: and align resources to support these priorities? <br /> What are the trends in housing production? What array of policies, actions, or resources <br /> What elements of housing development have would be enough to influence housing <br /> been successful? Do social justice issues play a development in Everett? Of these, which X11 e <br /> role in housing production and if so, what? most important and cost effective? <br /> EVERETT RETT Community, Planning, and Economic Development 14 P a g e <br /> 16 <br />