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P.H. 2021-31: (PUBLIC HEARING 2ND READING)
AN ORDINANCE OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, ENACTING A MORATORIUM TO PROHIBIT THE ACCEPTANCE OR PROCESSING OF ANY APPLICATION FOR A PERMIT, DEVELOPMENT ORDER, OR ANY OTHER OFFICIAL ACTION OF THE CITY HAVING THE EFFECT OF ALLOWING OR PERMITTING THE CONSTRUCTION OF LOW INCOME HOUSING TAX CREDIT PROJECTS (LIHTC) OR OTHER STATE, FEDERAL OR LOCALLY SUBSIDIZED AFFORDABLE HOUSING PROJECTS IN ORDER TO EVALUATE AND ADOPT HOUSING DECONCENTRATION POLICIES AND REGULATIONS; PROVIDING FOR VESTED RIGHTS DETERMINATION; PROVIDING FOR A SIX MONTH TERM TO BE EXTENDED IF NECESSARY BY THE CITY COMMISSION; PROVIDING FOR EARLY TERMINATION; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING AN EFFECTIVE DATE
(Fiscal Impact: N/A)
FIRST READING: DECEMBER 8, 2020
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(Staff Contact: David Recor)
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Summary Explanation/Background:
Beginning in 2016, the City hired Lambert Advisory to evaluate the City's market rate and affordable housing markets. Specifically, Lambert was engaged to provide an evaluation of inventory aimed at determining the rent-restricted, subsidized and market-rate housing inventory and conditions at the citywide, CRA and neighborhood level. His review included an analysis of both the subsidized, rent-restricted and market rate housing inventory and opportunities for investment at the Citywide and neighborhood level; and to provide strategy and policy recommendations. Lambert completed the evaluation and furnished the City with a study entitled "Affordable Housing Study Summary Findings" dated May 17, 2017 (the Study).
A concern raised by the Study is that "a large proportion of LIHTC units are being developed in census tracts where there is already a concentration of existing rent restricted or subsidized units;" and concentration of low income families has a very real impact on families and neighborhoods." The Study emphasized that policies which promote th...
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