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Council retreat hears mixed progress on affordable‑housing goals; staff warns of gaps at deepest affordability levels
Summary
City staff told the council the city is meeting or exceeding many affordable‑housing targets but still falls short for the lowest income levels; staff also identified two properties with expiring affordability covenants that could put about 360 units at risk next year.
City housing staff and advisors updated council members Aug. 15 on implementation of the city’s affordable‑housing plan and related regulatory reforms. James (housing staff) told the retreat that the city has met or exceeded several pipeline targets but is not yet reaching the deepest affordability levels the city identified in its plan.
“We are readily hitting our targets on the 80% of AMI. We are exceeding our target in terms of the 30 to 60% of AMI,” James said. “But…
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