04-06-2004 CC RPT 28 - Laserfiche WebLink

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" " :":i '" SlJ)~ . ,k ..,~~ : lU"~:' irl i.'Il..t.1 ...'\. Crrv OF RIVERSIDE Riverside ....... AI~Amerlca c; , 1111, AGENCy/COUNCIL MEMORANDUM People Serving People 1998 i HONORABLE MAYOR, CITY COUNC~L AND AGENCY MEMBERS I I I DATE: April 6, 2004 ITEM NO: 28 SUBJECT: REQUEST TO CHA GE RIVERSIDE INFILL DEVELOPMENT INCENTIVE PROGRAM TARGE AREAS BACKGROUND: In response to the State of California ollution Control Finance Authority Sustainable Communities Grant Program announcement in June 2002, the Housing and Community Development (HCD) Division of the Development Department conceived t e Riverside Infill Development Incentive (RIDI) Program and was awarded $300,000 on November 5, 20 2. RIDI grants up to $5,000 to reimburse uilders who receive permits and proceed with building a single family house in a low to moderate-in co e area based off the 1990 census, where the City has numerous vacant lots in well established neighbo hoods. These vacant lots have a blighting effect on a neighborhood and attract dumping and crime. In order to qualify for RIDI funds, a builder has to demonstrate the following: . The house will be built in a ualified low to moderate-income census tract; . The builder has the financia capacity required to build a single-family home; . The builder has site control nd a building permit; and . The grading of the site has ccurred (funds will be used as reimbursement for grading costs only, excluding permit fees). The RIDI program is part of a larger 10 al effort to improve neighborhoods through increased home ownership. A significant focus of the G ant's effort is to encourage infill development of homes through incentives such as the RIDI program a d Planning's Residentiallnfill Strategy, which reduces developer fees. The RIDI program reimburses de elopers' cost of grading and padding infilllots (up to five contiguous lots can be included in any rant application). HCD is being approached by builders/ evelopers who are looking to build on parcels outside the target areas, which are based off the 1990 census (see "Exhibit A"). HCD would like to expand the target areas to include the low to moderate-income reas based off the 2000 census. The target areas would include neighborhoods that contain qualified 10 to moderate-income census tract, including Airport, Arlanza, Arlington, Arlington Heights, Casa Blanca, Downtown, Eastside, Grand, Hunter Industrial Park, La Sierra, La Sierra Acres, La Sierra South, Mag olia Center, Northside, Presidential Park, Ramona, University, Victoria, and Wood Streets (see "Exhi it B"). FISCAL IMPACT: I Expanding the target areas will expeditl the expenditure of RIDI funds, and allow more people to participate in the program. There is no ,mpact to the General Fund. I I , 28-1