UCUC Approval and Adoption Matrix, Part II.C

University Community Urban Center
Approval and Adoption Matrix

II. Specific Activities for Implementation

The activities listed in this section are not directly associated with a Key Strategy. For each activity, the City has identified next steps as a part of the City's work program in response to the neighborhood plan. Many of the next steps are actions to be taken by the City, but in some cases, the neighborhood or other agency will be able to take the next steps. As with the activities listed for each Key Strategy in Section I, these activities are intended to be implemented over the span of many years.

C. Housing

#	Activity	Pri- ority	Time Frame	Cost Estimate	Implementor	Executive Response	Executive Recommended Action	Council Action Taken
C1	Institute an employer assisted housing program in which major employers (e.g., UW) encourage employees to locate in the community through reduced loan fees and closing costs. UW has already agreed to make a program available to employees.		As soon as possible.	No City costs.	UW, DHHS.	DHHS staff are already working with the UW on this effort. DHHS has made presentations on this topic to the UW. The UW is planning to issue a Request for Proposals for private partners in the near future.	Recommendation already being implemented.	C2 Approve Exec.'s Rec. Action.
C2	Institute a shared equity housing partnership program in which an institutional investor (limited partner) provides a share of the equity needed for an employee home purchase in exchange for a share of the resale price.		Citywide initiative.	Unknown.	DHHS, SPO.	DHHS staff is interested in exploring a pilot project with one major employer. If the UCUC has a major employer in mind, DHHS would be interested in pursuing the possibility with them.	Recommendation will be considered in the future, pending identification of willing community partner.	C4 Approve Exec.'s Rec. Action.
C3	Encourage a co-housing program in which small owner units are built with shared kitchen and recreation facilities. Owners form an association to design and manage the development. City help will be needed for land banking.		Citywide initiative.	Little City cost.	DHHS, DCLU.	DHHS, SPO: The City supports the concept of co-housing and may in the future undertake activities to facilitate co-housing developments, such as examining the land use code for barriers to this type of development. The notion of the City getting involved in land banking would have to be examined carefully to understand the costs and benefits.	Recommendation will be considered in the future, pending identification of willing community partner, and potential fund source.	C4 Approve Exec.'s Rec. Action.
C4	Encourage co-op and mutual housing in which a housing association owns the units and members lease. Members (tenants) form association and develop the housing. City assistance may be needed for land acquisition.		Citywide initiative.	Little City cost.	DHHS, ESD.	DHHS multifamily housing development staff currently works with nonprofits that develop and support mutual housing. Assistance for purchase and rehabilitation of low- to moderate-income mutual housing is available on a competitive basis. Specific projects in the UCUC may be considered in the future if project applications are submitted.	Recommendation will be considered in the future, pending identification of willing community partner.	C4 Approve Exec.'s Rec. Action.
C5	Institute a Land Trust housing program in which a land trust retains ownership of the land in order to keep lease rates lower. Private developer or association builds the unit on land trust land. Public or contributed funds are necessary to acquire the property.		Citywide initiative.	Unknown.	DHHS.	DHHS, SPO: The City is in the early stages of researching Land Trusts for housing for low- to moderate-income households. There are some existing program funds to support the creation of Land Trusts.	Recommendation will be considered in the future, pending completion of additional research.	C4 Approve Exec.'s Rec. Action.
C6	Develop an apartment building rehabilitation loan program to assist low-income households by providing low interest loans to correct building code deficiencies and undertake improvements. City would need to direct interest rate buy-down funds to SRO projects.		Citywide initiative.	Funding must also be identified for construction and/or permanent financing.	DHHS.	DHHS: City multifamily rental preservation and rehabilitation loans are currently available to owners of multifamily rental properties on a competitive basis. Resulting units must be made available to low- and moderate-income renters. DHHS and City Light have weatherization funds available. The City continues to rehabilitate SRO units. Specific projects in the UCUC may be considered in the future if project applications are submitted.	Recommendation already being implemented.	C2 Approve Exec.'s Rec. Action.
C7	Enhance funding available for gap financing, including prime loan reduction and interest rate buy downs.		Citywide initiative.	Unknown.	City, financing agencies, and banks.	DHHS: City multifamily rehabilitation programs make funds available at very low interest rates. For first time home buyers, State programs make available funds for down payment assistance and/or mortgage assistance to moderate-income home buyers.	Recommendation already being implemented.	C4 Approve Exec.'s Rec. Action.

Council Actions: References C1-C5 are to categories identified in Resolution 29716 pertaining to City Council review of proposed neighborhood plans. C1 = City has implemented; C2 = City can implement within existing resources, C3 = City will consider when adopting the budget and/or Capital Improvement Program; C4 = City will consider at future time (due to need to coordinate with citywide issues or other neighborhood plans, evaluate policy or regulatory changes, identify fund sources, etc.); C5 = City will not implement (for reasons stated).