This is a comment on one partial solution to the Low/Moderate income housing issue.
Sandy will have almost 150 home lots in the R-1-10 zone becoming available soon. It seems a waste to just build large homes on these lots. I would like to see a different profile, which may impact neighborhood valuation.
-- Some lots should be encouraged to build ADUs as part of the home plans. It would be up to the owner to complete the ADU as part of the initial purchase, or just accept the basic capability for later finishing. I am thinking corner lots provide the opportunity to provide a single garage for the AFO on the secondary side of e lot. This may require a home-owner incentive. I do not know how much you want to invest, or just let the market seek the benefit of a subsidy for the mortgage payment. If you have the money, subsidize the tax payment equivalent to half the tax on the ADU.
-- Some lots should be intentially completed with smaller, lower-cost, homes. I am thinking 2 story, 2 bedrooms, with unfinished basements, except for maybe a laundry room. The home should come with plans for a later addition adding more rooms, bathrooms, and other features not provided in the initial small home. Eventually, the owner would find it advantageous to build that addition, or another one, rather than leaving the neighborhood. An incentive may be needed here as well. In this case, I see a subsidy to address the tax on the lo that is bigger than the home needs, until some condition is met - either a 10 year time limit, or until the addition is built.
-- The city will have some time to decide on these options; not all lots will be built in the next year. Unfortunately, I have not identified a required approach (reviewing tonight) that proposes something like this. But that gives you time to get the state law changed before expending any subsidies.
-- City policy would have to be changed to adopt the incentive program, or a develpment agreement with the developer(s).
-- There may also be an issue with the smaller homes on the R-1-10 lots. I ws going to oo it up, but needed to get this submitted.
This is a comment on one partial solution to the Low/Moderate income housing issue.
Sandy will have almost 150 home lots in the R-1-10 zone becoming available soon. It seems a waste to just build large homes on these lots. I would like to see a different profile, which may impact neighborhood valuation.
-- Some lots should be encouraged to build ADUs as part of the home plans. It would be up to the owner to complete the ADU as part of the initial purchase, or just accept the basic capability for later finishing. I am thinking corner lots provide the opportunity to provide a single garage for the AFO on the secondary side of e lot. This may require a home-owner incentive. I do not know how much you want to invest, or just let the market seek the benefit of a subsidy for the mortgage payment. If you have the money, subsidize the tax payment equivalent to half the tax on the ADU.
-- Some lots should be intentially completed with smaller, lower-cost, homes. I am thinking 2 story, 2 bedrooms, with unfinished basements, except for maybe a laundry room. The home should come with plans for a later addition adding more rooms, bathrooms, and other features not provided in the initial small home. Eventually, the owner would find it advantageous to build that addition, or another one, rather than leaving the neighborhood. An incentive may be needed here as well. In this case, I see a subsidy to address the tax on the lo that is bigger than the home needs, until some condition is met - either a 10 year time limit, or until the addition is built.
-- The city will have some time to decide on these options; not all lots will be built in the next year. Unfortunately, I have not identified a required approach (reviewing tonight) that proposes something like this. But that gives you time to get the state law changed before expending any subsidies.
-- City policy would have to be changed to adopt the incentive program, or a develpment agreement with the developer(s).
-- There may also be an issue with the smaller homes on the R-1-10 lots. I ws going to oo it up, but needed to get this submitted.