Alves Lane Apartments (“Development”), located on two parcels on Alves Lane and Canal Road east of Virginia Drive and west of Chadwick Lane in Bay Point, is a development of 100 residential rental units, including 18 one-bedroom units, 36 two-bedroom units, 36 three-bedroom units, and 10 four-bedroom units, all located in one building. The County Planning Commission approved the Development on January 26, 2022. The Development was subject to the County’s Inclusionary Housing Ordinance, and the approval included conditions requiring the construction and rental of 13 inclusionary units on site. The developer submitted, and the County has approved, the inclusionary housing plan and request for a density bonus received on March 31, 2022, and the revised location plan dated March 24, 2022.
A Density Bonus and Inclusionary Housing Developer Agreement (“Agreement”) is required by the County’s Density Bonus and Inclusionary Housing Ordinances and the project’s entitlement approvals to implement the project’s inclusionary housing obligations. Staff has prepared the attached Agreement between the County and Alves Lane, L.P., the current property owners. If the property is sold to another developer, the Agreement will run with the land, and the new developer will be subject to the Agreement’s obligation.
The Agreement requires the developer to construct and rent 13 affordable units. It covers the ongoing obligations of the developer and the County over the 55-year term, under which the 13 units will be provided as affordable housing units. Of the 13 units, three must be affordable to very low-income households, and 10 affordable to lower-income households in exchange for a twenty percent (20%) density bonus, parking ratios pursuant to Government Code 65915, and reductions in development standards. The affordable units must be constructed and occupied on
the same schedule as the market rate units and have the same exterior appearance, with the same average number of bedrooms as the market rate units. The attached Final Inclusionary Housing Plan identifies where the affordable units will be located throughout the development. County staff will monitor the rental of affordable units to ensure compliance with the affordability restrictions.
The Alves Lane Apartments project was approved with conditions for the developer to enter into a Density Bonus and Inclusionary Housing Developer Agreement pursuant to the County’s Density Bonus and Inclusionary Housing Ordinances. The consequences of negative action would delay the project’s development, as an executed agreement is required prior to the issuance of building permits.
The recommendation supports the following children's outcomes:
(4) Families that are Safe, Stable, and Nurturing; and
(5) Communities that are Safe and Provide a High Quality of Life for Children and Families