The recently beefed up Affordable Housing Requirements ordinance that took effect last fall has resulted in only 11 new on-site affordable housing units in market-rate development projects, according the the Department of Planning and Development’s second quarter report of its affordable housing goals for 2016. The progress report for the months of April-June was the subject of a Wednesday morning meeting of the City Council’s Committee on Housing.
Attendance: Chair Joe Moore (49), Pat Dowell (3), Sophia King (4), Gregory Mitchell (7), Sue Sadlowski-Garza (9), Raymond Lopez (15), David Moore (17), Michael Scott, Jr. (24), Walter Burnett (27), Deb Mell (33),
Since January 2016, developers have agreed to include a mere 11 units of affordable housing for residents 60% below area median income (AMI). All of those units were added in the first quarter of 2016, none were added in the second.
According to Anthony Simpkins, a new managing deputy with the Department of Planning and Development, the strengthened Affordable Requirements Ordinance (ARO) is expected to generate 1,200 new units and $90 million in affordable housing funds over the next five years.