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11/18/2019 <br />SummaryofActionSteps <br />•ActionStep1Α\[ğǒƓĭŷRentalRestorationProgramPreservingAffordability <br />•ActionStep2Α9ǣƦƌƚƩĻGapFinancingforRentalDevelopmentProjects <br />•ActionStep3Α5ĻǝĻƌƚƦandexpandnonprofitpartnershipswithhousingagencies <br />Proposed Modification to the Citywide Community Reinvestment Area (CRA) <br />•ActionStep4ΑtƩƚǝźķĻmorehomeownershipopportunitiesforlowandmoderate <br />City Council Housing Committee <br />incomehouseholds <br />November 11, 2019 <br />•ActionStep5Α5ĻǝĻƌƚƦnewaffordablehomeconstruction <br />Bryce Sylvester, Director of Planning & Development <br />•ActionStep6Α/ƚƓƓĻĭƷpropertyownerstoresourcesandincentives <br />•ActionStep7Α/ƚƓķǒĭƷmoreoutreach&advocacytoHUDandCMHAtoimprove <br />effectivenessandservicedeliveryofhousingprogramsinLakewood. <br />•AddingActionStep8ΑaƚķźŅǤexistingcitywideCRAtocreate <br />newaffordablehousingunitsinLakewoodtargetedat <br />householdsmaking80%120%ofareamedianincome. <br />Proposal: <br />Federallyfunded <br />Market(Unsubsidized) <br />MissingMiddle <br />(HUD/CDBG) <br />Realize 15 years of affordability requirements for 20% of <br />80%120%AMI<120%AMI <br />>80%AMI <br />new residential units constructed in Lakewood by abating <br />futureandunrealizedrealestatetaxesononlythe <br />Actionsteps1ΑАMarketplace improvedvaluesofproperty. <br />Actionstep8 <br />1 <br /> <br />