The City of Clearwater's Affordable Housing Advisory Committee met on October 24, 2023, to discuss strategies for increasing affordable housing options in the area. A significant focus of the meeting was on the potential for Accessory Dwelling Units (ADUs) to contribute to affordable housing solutions.
Committee members highlighted the benefits of integrating ADUs into new developments, suggesting that these units could provide additional income for homeowners while also addressing housing shortages. One member noted the success of a recent development in the Gateway area, where an ADU was encouraged but raised concerns about the affordability of such units, as property values have increased significantly.
The discussion also touched on the implications of renting out ADUs, particularly regarding homestead exemptions. It was noted that homeowners renting out their ADUs might not be aware of the potential tax implications, which could affect their decisions on how to utilize these spaces.
The committee explored the possibility of partnering with the local housing authority to facilitate the use of vouchers for renting ADUs. However, it was acknowledged that the housing authority is currently capped on the number of project-based vouchers it can offer, limiting the expansion of this program. Members discussed the potential for tenant-based vouchers, which allow tenants to find housing independently, but raised concerns about the challenges faced by voucher holders in securing affordable housing.
Another key point of discussion was the potential for city funding to support the construction of ADUs, contingent on property owners agreeing to maintain these units as affordable housing. The committee recognized the need for ongoing monitoring to ensure that ADUs serve their intended purpose within the community.
Overall, the meeting underscored the committee's commitment to exploring innovative solutions for affordable housing in Clearwater, with a particular emphasis on the role of ADUs in meeting local housing needs. The committee plans to continue its discussions and seek actionable steps to implement these ideas effectively.