RECOMMENDATION(S):
Approve the Del Hombre Apartments Density Bonus and Inclusionary Housing Developer Agreement and authorize the Director of Conservation and Development to execute the Agreement.
FISCAL IMPACT:
There is no fiscal impact. The applicant is responsible for payment of all fees associated with this development including annual monitoring and review costs.
BACKGROUND:
Del Hombre Apartments is a development of 284 residential units in unincorporated Walnut Creek that was approved by the County in 2020. The developer, Hanover Company, sought and was granted a density bonus for the project. It also fell within the scope of the County's inclusionary housing ordinance. The attached Developer Agreement is the implementation tool for those two components of the project. It covers the ongoing obligations of Hanover and the County over the 55-year time period, under which 36 units will be provided as affordable housing to low and moderate income households. There is no change in the project as approved; this is simply the detailed version of the density bonus and inclusionary housing requirements that were included in the project's Conditions of Approval.
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