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Report regarding Essex Portfolio, L.P.'s request to amend the Affordable Housing Agreement for the 543-unit housing development project located at 7 South Linden Avenue. (Nell Selander, Economic & Community Development Director)
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RECOMMENDATION
Staff recommends that the City Council consider Essex Portfolio, L.P.'s (Essex) request to amend their Affordable Housing Agreement to reduce or modify the number and type of affordable housing units in their private, market rate development housing project located at 7 S. Linden Avenue. Staff is not recommending approval or denial of this request, rather presenting it with discussion and vetting by the City's economic consultant for the City Council's consideration. Granting such a reduction or alternate means of compliance is a policy question that the City's Inclusionary Housing Ordinance defers to the City Council for approval.
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BACKGROUND
On March 16, 2023, the Planning Commission of the City of South San Francisco approved Essex's request to build a new 543-unit multi-family rental apartment complex located at 7 S. Linden Avenue. The Conditions of Approval included the following General Planning Division condition, "Prior to issuance of building permits, the applicant shall execute and record an Affordable Housing Agreement consistent with SSFMC Chapter 20.380, Inclusionary Housing Regulations." Anticipating that they may be pulling a building permit in 2025, Essex and their legal counsel began working with the Economic & Community Development Department in 2024 on preparing the Affordable Housing Agreement (AHA) as required by the Conditions of Approval and in conformance with South San Francisco Municipal Code (SSFMC) Section 20.380. The City uses a template AHA, which is customized to each development prior to building permit issuance. After lengthy discussions and negotiations, the AHA (included as Attachment 1) was executed between the City and Essex on March 11, 2025.
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