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The San Ramon City Council is set to review a proposed development agreement prepared by city staff and Sunset Development Company for an affordable housing development on the horizon that is aimed at increasing affordability and safeguards for the city, according to staff.
The development agreement comes to the City Council for its first meeting of the year after it was approved by the Planning Commission in November as part of the proposed Canopy Project for Bishop Ranch 8.
The overall project consists of two parts – 255 single family homes, and a five-story, 161-unit affordable apartment building and parking – with the proposed development agreement relating to the affordable housing component.
For that portion of the project, Sunset is set to dedicate land to affordable housing developers Eden Housing, which will be responsible for the development and operation of the 161 rental units.
“With the development project approvals in place, the property owner is now seeking approval of the Development Agreement to address the affordable housing requirements for the previously approved Canopy at BR 8, and portions of the CityWalk project,” associate planner Analisa Mirzad wrote in a staff report for the upcoming meeting.
Like the earlier Eden Housing project that was approved for 2453 Camino Ramon last year, the portion of the Canopy project being dedicated to the affordable housing supplier is set to serve as a receiver site for affordable housing units that were agreed to in other market-rate developments at Bishop Ranch in order to meet local and state requirements. For the Canopy site, that specifically includes affordable units previously agreed to as part of the CityWalk project for Bishop Ranch 1A and Bishop Ranch 3A.
“The Dedication of Land is one means of alternative compliance for the affordable housing requirements allowed by the Inclusionary Housing Ordinance…to qualify, the dedication of land must be consistent with the goal of creating housing, useable for the intended purpose and of sufficient size to construct or exceed the number of affordable units that would otherwise be constructed,” Mirzad wrote.
The voluntary development agreement would “memorialize the terms of the land dedication” Mirzad said, including the transfer of affordable units from other projects – and then some, with the project overall set to host more than the 15% required affordable units agreed to in other projects.
The agreement would also see the city collect a $3,000 fee for each market rate unit in the Canopy project, which would go into its affordable housing fund – amounting to $765,000 total for the 255 market rate units proposed.
The San Ramon City Council is set to meet at 7 p.m. Tuesday (Jan. 13). The agenda is available here.
In other business
*The council is set to vote on authorizing mid-year budget adjustments.
*The council is set to hold a closed session discussion ahead of the public meeting on labor negotiations with the city’s SEIU unit.
