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A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF POMPANO BEACH, FLORIDA, ADOPTING THE MIXED INCOME HOUSING POLICY FOR THE CITY OF POMPANO BEACH AND DIRECTING IMPLEMENTATION OF SAID POLICY; PROVIDING AN EFFECTIVE DATE.
(Fiscal Impact: N/A)
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(Staff Contact: Jennifer Gomez/ David Recor)
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Summary Explanation/Background:
The City of Pompano Beach (City) and the Pompano Beach Community Redevelopment Agency (CRA) are both committed to ensuring that there is an adequate supply of affordable housing within the City. The City and CRA have prepared a Mixed Income Housing Policy, the purpose of which is to foster the commitment to encourage affordable housing as well as provide for relief from the adverse impacts of the concentration of affordable housing within the City. Notably, the City is the third highest municipality in terms of proportionate share of total income restricted units to non-restricted units and is only second to Fort Lauderdale in the total number of income-restricted housing - both of which far exceed any other municipality in the County.
On January 26, 2021, by Ordinance No. 2021-36, the City Commission adopted a temporary moratorium to enable the City sufficient time to review and evaluate deconcentration policies, hold public hearings and adopt an amendment or amendments to the City's Code of Ordinances, Consolidated Plan, Comprehensive Plan and/or Zoning Code, relating to the development of affordable housing within the City (the Ordinance). Following enactment of the Ordinance, the City engaged Lambert to update a 2017 Housing Study and to assist City staff with developing an appropriate policy and accompanying regulations to achieve deconcentration of affordable housing. The updated study is entitled "Pompano Beach Housing Study Update - Summary Comparison of Key Housing Market Metrics between Original Study (2017) and Update (2021) and was completed in April 2021 (the Updated Study).
Having carefully consider...
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