04/17/2001 RA RPT 05 - Laserfiche WebLink

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, CITY OF RIVERSIDE REDEVELOPMENT AGENCY MEMORANDUM Honorable Mayor & Agency Members Date: Item No.: April 17,2001 5 Subject: A Public Hearing to Approve the Proposed 2000-2005 Housing Implementation Plan for the Downtown/Airport Merged Project, the University Corridor/Sycamore Canyon Merged Project, the Casa Blanca Project; the Arlington Project, and the Magnolia Center Project Areas. Background The Redevelopment Agency is required to approve a detailed Housing Implementation Plan for its redevelopment-related housing programs (n Redevelopment Housing Implementation Plann) as part of the State of California Legislation enacted in 1993 (Section 33490 of the Health and Safety Code). The Law allows the Redevelopment Housing Implementation Plan to be adopted in conjunction with the Housing Element of the City's General Plan. A copy of the proposed 2000-2005 Redevelopment Housing Implementation Plan is attached to this report. The Agency has chosen to combine all the Redevelopment Project Areas in the Housing Implementation Plan into one document. Much of the research and data required for the Housing Implementation Plan is also required to be compiled/analyzed for the Housing Element. The update to the Housing Element for the City of Riverside was completed in January 2001. The Housing Implementation Plan has been reviewed with each of the remaining Project Area Committees and is ready for consideration and adoption by the Agency. The Redevelopment Agency Board authorized a public hearing for the Housing Implementation Plan on March 30, 200 I. Current Issue Staff is requesting that the Redevelopment Agency Board take public comment, and approve the Housing Implementation Plan as it is attached to this report. The Redevelopment Agency Board approved a public hearing regarding the Housing Implementation Plan on March 20, 200 I. The Housing Implementation Plan has had appropriate Notice, published in the Riverside Press Enterprise, as required by law (published on 3/23, 3/30, and 4/6). In brief, the Housing Implementation Plan analyzes projected housing needs for the next five years, lists Agency goals and requirements for the production of low to moderate income housing (including special needs populations), and finally recommends strategic steps to meet affordable housing goals. Fiscal 1m pact The only financial impact to the Agency as a result of this approval is the minimal cost associated with the advertisement ofthe public hearings, and staff time. Alternatives Not to adopt the 2000-2005 Redevelopment Housing Implementation Plan at this time, and/or to suggest changes to the Plan. Recommendation That the Redevelopment Agency: I. Approve the 2000-2005 Redevelopment Housing Implementation Plan that is both attached and detailed above. 5-1