Legislation Details

File #: 26-1886   
Type: Item from Council Status: Agenda Ready
File created: 5/13/2026 In control: City Council
On agenda: 5/28/2026 Final action:
Title: Approve a resolution directing the City Manager to research and report to Council on mechanisms to "buy down" the affordability of existing subsidized residential properties to generate deeper affordability; consider the feasibility of allowing residential developments with on-site affordable units to pay a fee in lieu of; consider ways to expand access to high opportunity areas for the City's lowest-income residents; and report back to Council by November 19, 2026.
Sponsors: Council Member Ryan Alter, Council Member José Velásquez, Mayor Pro Tem José ''Chito'' Vela, Council Member Paige Ellis, Council Member Krista Laine
Attachments: 1. Draft Resolution, 2. Recommendation for Action
Date Action ByActionAction DetailsMeeting Details
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Posting Language
Title

Approve a resolution directing the City Manager to research and report to Council on mechanisms to “buy down” the affordability of existing subsidized residential properties to generate deeper affordability; consider the feasibility of allowing residential developments with on-site affordable units to pay a fee in lieu of; consider ways to expand access to high opportunity areas for the City’s lowest-income residents; and report back to Council by November 19, 2026.

 

Body

Sponsors

Sponsor: Council Member Ryan Alter, Co-Sponsor: Council Member José Velásquez, Co-sponsor: Mayor Pro Tem José "Chito" Vela, Co-sponsor: Council Member Paige Ellis, Co-sponsor: Council Member Krista Laine