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Council introduces amendments to managed co‑owned housing rules, clears first reading
Summary
Council introduced and conducted reading of an ordinance amending Chapter 5.92 to tighten and clarify rules for managed co‑owned (fractional) housing units: daytime occupancy will mirror vacation‑rental rules, the three‑year automatic cap removal will be replaced with council action, median price references are limited to single‑family sales and
The City Council introduced and conducted the reading of an ordinance amending Chapter 5.92 of the Palm Springs Municipal Code to further regulate ‘managed co‑owned housing units’ (fractional or co‑ownership arrangements that make a single dwelling available to multiple parties). Veronica Goodhart and city attorneys summarized the amendments requested by council last year and two additional clarifications staff identified during implementation.
Key changes in the proposed ordinance - Term/cap: the ordinance removes the previous automatic three‑year termination for the 30‑home cap and replaces it with a requirement that any change or removal of the cap occur only by affirmative council action; the council also retained intent to review the…
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