In order to work toward Council's goal of creating additional affordable housing units, Housing staff has identified three parcels of City-owned land that were either acquired for housing purposes or have been previously identified by City Council for affordable housing use.  During the work session staff will provide an overview of each piece of property, the potential for multi-family development and disposition options.  Additionally, the three sites are not all in one area, also achieving Council's goal of dispersing affordable housing throughout the community.

The three identified parcels are detailed below:

Address: 1700 E. Sixth Avenue
PIN: 109-11-151C
Size: .86 acre
Other: Acquired in part with housing funds. Staff recommends existing community garden be incorporated into the final use.

Address: 3500 N. Fort Valley Road
PIN: 111-02-001C
Size: 3.06 acres
Other: Acquired and improved with housing funds as part of a development agreement for a neighboring property.

Address: 3100 N. West Street
PIN: 109-02-001P
Size: .91 acres (useable)
Other: Previously designated by Council for affordable housing use.

Staff recommends the three identified parcels be offered together in a Request For Proposal process for disposition resulting in the development of multi-family housing.  The combination of the parcels is critical in achieving a realistic unit count for a successful Low Income Housing Tax Credit application, the most likely funding source for a development of this type.  Staff also recommends the RFP emphasize the creation of one and two bedroom units, the greatest number of units created and the length of affordability.