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Commission hears feasibility study on 15% inclusionary requirement; staff asked to refine town‑specific models
Summary
Consultant Derek Braun told the Planning Commission that a 15% inclusionary requirement is likely feasible for ownership projects in Los Altos Hills, while rental projects are currently marginal due to construction and financing costs. Commissioners asked the consultant to rerun models using local unit‑size assumptions (700–800 sq ft) and to return with policy “straw men.”
Consultant Derek Braun of Strategic Economics presented a feasibility study April 2 that tested inclusionary housing options and an affordable‑housing impact‑fee nexus analysis for Los Altos Hills.
Braun told commissioners the study examined multiple development prototypes — large and medium single‑family homes, townhomes, small rental projects and five‑story condominiums — and concluded that a 15% inclusionary requirement focused on ownership projects (targeting moderate income or a mix of moderate/low income) is generally financially supportable for townhomes and ownership prototypes under current market assumptions. By contrast, larger…
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