Public Hearing to Approve a Multifamily Housing Incentive Program Residential Tax and Fee Waiver for the Santana Row Lot 12 Development at 358 Hatton Street. NOT TO BE HEARD BEFORE 1:30 P.M.
HousingCity CouncilAgenda ReadyIntroduced 03 Jun 2025
3Documents on file
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This memorandum outlines the approval of a Multifamily Housing Incentive Program Residential Tax and Fee Waiver for the Santana Row Lot 12 Development at 358 Hatton Street. It includes recommendations for a public hearing to approve a tax and fee waiver, a resolution for the Housing Director to negotiate related documents, and amendments to the Affordable Housing Impact Fee Fund. The total proposed tax reduction and fee waiver amounts to $7,913,568, which includes a refund of $3,435,672 in Affordable Housing Impact Fee payments. The development will consist of up to 258 units, including 13 restricted affordable units.
Key points
The memorandum is addressed to the Mayor and City Council regarding the Santana Row Lot 12 Development.
It recommends conducting a public hearing for an economic development tax and fee waiver.
The total proposed tax reduction and fee waiver is $7,913,568.
The development will consist of a five-and-a-half story building with up to 258 units, including 13 affordable units.
The memorandum includes amendments to the Affordable Housing Impact Fee Fund.
The project aligns with the City’s Economic Development Strategy.
Limitations
The document contains placeholders and unresolved references, such as specific dates and links that are not fully detailed.
Some sections appear to be truncated, limiting the completeness of the information.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 20,291 chars
COUNCIL AGENDA: FILE: ITEM: TO: HONORABLE MAYOR AND CITY COUNCIL SUBJECT: See Below Approved 6/17/25 25-726 8.9 FROM: Erik L. Soliván Chris Burton John Ristow Jim Shannon DATE: May 15, 2025 Date: 5/15/2025 COUNCIL DISTRICT: 1 SUBJECT: Approval of a Multifamily Housing Incentive Program Residential Tax and Fee Waiver for the Santana Row Lot 12 Development at 358 Hatton Street RECOMMENDATION (a) Conduct a public hearing to approve an economic development tax and fee waiver in connection with a reduction in construction taxes and a reduction of the Inclusionary Housing Ordinance in-lieu fee, and a refund of $3,435,672 in Affordable Housing Impact Fee payments for the Santana Row Lot 12 development located at 358 Hatton Street, which meets the requirements of the Multifamily Housing Incentive Program enacted and amended by the City Council on May 13, 2025, in an amount of up to $7,913,568 pursuant to California Government Code Section 53083 and Open Government Resolution No. RES2024-99 Section 2.3.2.6.C. (b) Adopt a resolution approving the tax and fee waiver and authorizing the Housing Director, or his designee, to negotiate and execute documents and document amendments related to...
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Generated summaryAI-assisted
This supplemental memorandum discusses the approval of a Multifamily Housing Incentive Program Residential Tax and Fee Waiver for the Santana Row Lot 12 Development at 358 Hatton Street. It clarifies the Affordable Housing Impact Fee Refund and the Inclusionary Housing Ordinance Fee waiver. The developer, Federal Realty, paid $3,435,672 in Affordable Housing Impact Fees. The Development qualifies for a waiver of the Inclusionary Housing Ordinance fees due to providing 13 restricted affordable units, resulting in a total proposed tax and fee waiver of $4,477,896.
Key points
The memorandum is addressed to the Mayor and City Council.
It is dated June 13, 2025.
The subject is the approval of a tax and fee waiver for the Santana Row Lot 12 Development.
Federal Realty paid $3,435,672 in Affordable Housing Impact Fees.
The Development qualifies for a waiver due to providing 13 restricted affordable units.
The total proposed tax and fee waiver is $4,477,896.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 2,338 chars
COUNCIL AGENDA: FILE: ITEM: TO: HONORABLE MAYOR AND CITY COUNCIL 6/17/25 25-726 8.9 FROM: Erik Soliván SUBJECT: See Below DATE: June 13, 2025 Approved Date: 6/13/25 SUPPLEMENTAL SUBJECT: Approval of a Multifamily Housing Incentive Program Residential Tax and Fee Waiver for the Santana Row Lot 12 Development at 358 Hatton Street REASON FOR SUPPLEMENTAL This supplemental memorandum provides clarity on the Affordable Housing Impact Fee Refund and the Inclusionary Housing Ordinance Fee waiver. ANALYSIS Federal Realty, the developer of the Santana Row Lot 12 development (Development), paid $3,435,672 in Affordable Housing Impact Fees to the Housing Department under the program requirements in place at the time of the original approval of the Development’s planning permit. Subsequent to the approval, the Affordable Housing Impact Fee program sunsetted in 2018 with a transition period to the current Inclusionary Housing Ordinance Program through January 31, 2020. If proposed as a new development today, the Development would be subject to the Inclusionary Housing Ordinance requirements, and the fee would be $3,945,114 as shown in Table 2 of the original City Council memorandum dated May...
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The source text indicates this attachment appears to be a draft document.
This document is a resolution from the City Council of San Jose approving a tax and fee waiver under the Multifamily Housing Incentive Program (MHIP) for the Santana Row Lot 12 Development. It includes a refund for Affordable Housing Impact Fee payments and authorizes the Housing Director to negotiate and execute related documents. The resolution outlines the conditions and requirements for the development, including the provision of affordable housing units.
Key points
The resolution approves a tax and fee waiver under the MHIP for the Santana Row Lot 12 Development.
It includes a refund of $3,435,672 in Affordable Housing Impact Fee payments.
The resolution authorizes the Housing Director to negotiate and execute documents related to the MHIP.
The Santana Row Lot 12 Development will consist of up to 258 units, including 13 restricted affordable units.
The MHIP requires qualifying projects to provide at least 5% of units as deed-restricted affordable units.
Limitations
The document appears to be a draft as indicated in the text.
Specific dates for adoption and voting outcomes are not provided.
Some fields, such as the date of adoption and vote counts, are left blank.
Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.
Extracted text preview · 5,810 chars
NVF:CPA:CLS 5/20/2025 RESOLUTION NO. ______________ A RESOLUTION OF THE COUNCIL OF THE CITY OF SAN JOSE APPROVING THE TAX AND FEE WAIVER ESTABLISHED UNDER THE MULTIPLE HOUSING INCENTIVE PROGRAM AND A REFUND FOR AFFORDABLE HOUSING IMPACT FEE PAYMENTS FOR THE SANTANA ROW LOT 12 DEVELOPMENT LOCATED AT 358 HATTON STREET AND AUTHORIZING THE HOUSING DIRECTOR, OR HIS DESIGNEE, TO NEGOTIATE AND EXECUTE DOCUMENTS AND DOCUMENT AMENDMENTS RELATED TO IMPLEMENTING THE MULTIFAMILY HOUSING INCENTIVE PROGRAM, SUCH AS CONSTRUCTION PROGRESS AGREEMENTS WHEREAS, on December 10, 2024, the Council of the City of San José (“City”) adopted the Multifamily Housing Incentive Program (“MHIP”) under Resolution No. RES2024420, which provides for specified projects, upon meeting conditions, a reduction of certain fee and tax requirements, including a reduction in the Inclusionary Housing Ordinance In-Lieu Fee, and a 50% reduction to the Commercial, Residential, Mobile Home Park (“CRMP”) and Building Structure (“B&S”) construction taxes (collectively, “Fee Reduction”) for the first 1,500 units that obtain City building permits by December 31, 2025, and a 25% reduction in the B&S tax to subsequent projects...