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Orinda holds study session on inclusionary housing; consultants flag trade-offs between 15% target and project feasibility
Summary
Orinda held a study session on July 15 to evaluate an inclusionary housing ordinance; consultants said a 15% affordability requirement at 80% of area median income would meet regional TOC guidance but could render some downtown or for-sale projects infeasible.
The Orinda City Council on July 15 held a study session on whether to adopt an inclusionary housing ordinance (IHO) as part of the city's housing-element commitments and heard a consultant's market and feasibility analysis.
Dave Bergman of Lisa Wise Consulting presented the study, which modeled typical developable projects and tested a 15% inclusionary requirement with affordable units set at 80% of Contra Costa County area median income (AMI). Bergman said the 15% at 80% AMI would meet the Metropolitan Transportation Commission's Transit-Oriented Communities (TOC) policy, a key regional discretionary-funding criterion, but noted that structured parking and the cost of for-sale projects could make some developments financially infeasible. "The study recommends that a 15% inclusionary requirement at 80% AMI is compliant with the MTC TOC policy,"…
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