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HomeMy WebLinkAbout2025-11-18 - PC - Special Meeting CITY OF HERMOSA BEACH PLANNING COMMISSION Special Meeting Agenda Call and Notice of Special Meeting: The Chairperson of the City of Hermosa Beach Planning Commission has called a Special Meeting to consider and take action on only those matters set forth on the agenda. Tuesday, November 18, 2025 5:00 PM Council Chambers 1315 Valley Drive Hermosa Beach, CA 90254 Planning Commissioners Kate Hirsh, Chairperson Stephen Izant, Vice Chairperson Michael Flaherty, Commissioner Peter Hoffman, Commissioner Greg McNally, Commissioner Alison Becker, Community Development Director AMERICANS WITH DISABILITIES ACT OF 1990 To comply with the Americans with Disabilities Act of 1990, Assistive Listening Devices (ALD) are available for check out at the meeting. If you require special assistance to participate in this meeting, you must call or submit your request in writing to the Office of the City Clerk at (310) 318-0204 or at cityclerk@hermosabeach.gov at least 48 hours before the meeting. PARTICIPATION AND VIEWING OPTIONS Hermosa Beach Planning Commission meetings are open to the public and are being held in person in the City Hall Council Chambers located at 1315 Valley Drive, Hermosa Beach, CA 90254. Public comment is only guaranteed to be taken in person at City Hall during the meeting or prior to the meeting by submitting an Comment fo an item on the agenda. As a courtesy only, the public may view and participate on action items listed on the agenda via the following: Zoom: https://us02web.zoom.us/j/82539742028?pwd=OUNTRDNvd2I6TzBpTDIjc2x6bGFwd z09 • Phone: Toll Free: (833) 548 0276; Meeting ID: 825 3974 2028, then #; Passcode: 207860• eComment: Submit an eComment by 3:00 p.m. on the meeting date. • Supplemental Email: Supplemental emails are available for agenda items only and must be sent to planning@hermosabeach.gov. Supplemental emails should indicate the agenda item and meeting date in the subject line and must be received no later than three (3) hours before the meeting start time. Emails received after the deadline but before the meeting ends will be posted to the agenda the next business day. Writings distributed to all, or majority of all, of the Commission after the agenda has been posted shall be available for inspection at the Community Development Department located at 1315 Valley Drive, Hermosa Beach, CA 90254 during regular business hours. • Please be advised that while the City will endeavor to ensure these remote participation methods are available, the City does not guarantee that they will be technically feasible or work all the time. Further, the City reserves the right to terminate these remote participation methods (subject to Brown Act restrictions) at any time and for whatever reason. Please attend in person or by submitting an eComment to ensure your public participation. Similarly, as a courtesy, the City will also plan to broadcast the meeting via the following listed mediums. However, these are done as a courtesy only and not guaranteed to be technically feasible. Thus, in order to guarantee live time viewing and/or public participation, members of the public shall attend in Council Chambers. Cable TV: Spectrum Channel 8 and Frontier Channel 31 in Hermosa Beach• YouTube: https://www.youtube.com/c/CityofHermosaBeach90254• Live Stream: www.hermosabeach.gov/agenda • Cablecast App: Available on supported devices and smart TVs• If you experience technical difficulties while viewing a meeting on any of our digital platforms, please try another viewing option. View the Commission staff reports and attachments at www.hermosabeach.gov/agenda. Page 2 of 150 Pages PLEASE TAKE NOTICE that a Special Meeting of the Planning Commission has been called to take place at 5:00 p.m. on Tuesday, November 18, 2025, to consider and take action on only those matters set forth on the agenda below. 1.CALL TO ORDER 2.ROLL CALL 3.APPROVAL OF AGENDA This is the time for Planning Commission to discuss any changes to the order of agenda items 4.PUBLIC COMMENT This is the time for members of the public to address the Planning Commission on any item(s) listed on the special meeting agenda only. Public comments are limited to 3 minutes per speaker. 5.STAFF ITEMS Public comment will be taken after each item listed below. Public comments are limited to 3 minutes per speaker. 5.a 6TH CYCLE HOUSING ELEMENT IMPLEMENTATION STATUS REPORT - 25-CDD-167 4 Alison Becker, AICP Community Development Director Recommendation: Staff recommends Planning Commission: Receive and file staff presentation.1. 5.b DISCUSSION OF LAND VALUE RECAPTURE ORDINANCE A PROGRAM OF THE 2021-2029 CERTIFIED HOUSING ELEMENT - 25- CDD-077 44 Alexis Oropeza, Planning Manager Recommendation: Staff recommends the Planning Commission: Receive a staff report and solicit public input; and1. Provide a recommendation to City Council.2. 6.ADJOURNMENT Page 3 of 150 City of Hermosa Beach | Page 1 of 6 Meeting Date: November 18, 2025 Staff Report No. 25-CDD-167 Honorable Chair and Members of the Hermosa Beach Planning Commission 6TH CYCLE HOUSING ELEMENT IMPLEMENTATION STATUS REPORT Alison Becker, AICP Community Development Director Recommended Action: Staff recommends Planning Commission: 1. Receive and file staff presentation. Executive Summary: This report provides a mid-cycle progress update on the implementation of the City's 2021-2029 6th Cycle Housing Element. The Housing Element addresses five key policy areas: conservation of existing housing, support for new housing production, identification of adequate sites for new housing, removal of government constraints, and promotion of equal housing opportunities. Overall implementation is progressing well, with most programs on schedule and 384 units counted toward the City’s Regional Housing Needs Allocation (RHNA), though certain program areas require additional attention. Background: State law requires that each city adopt a General Plan to guide land use and development. One mandatory component of the General Plan is the Housing Element, which describes City policies and programs for maintaining and improving existing housing and accommodating development of new housing to meet the City’s assigned share of regional growth under the Regional Housing Needs Assessment (“RHNA”). PLAN Hermosa, the City’s General Plan, was adopted in 2017 and has a “time horizon” of 25 years. However, state law requires that the Housing Element be updated every eight years. The City’s 6th Cycle Housing Element was developed over several years, beginning in 2021 and received a substantial conformance determination from the California Department of Housing and Community Development (HCD) in July 2024 (Attachment 1). The table below summarizes the project history through initial implementation. Page 4 of 150 City of Hermosa Beach | Page 2 of 6 Past Board, Commission, and Council Actions Meeting Date Description November 16, 2021 The Planning Commission conducted a public hearing and considered the revised 2021-2029 Housing Element in response to the comment letter received from California Department of Housing and Community Development (HCD), requesting added sites revisions, and forwarded a recommendation to the City Council to adopt and authorize submittal to HCD. December 21, 2021 City Council conducted a public hearing, adopted the 2021- 2029 Housing Element, and authorized submission to HCD. December 5, 2021 Planning Commission held a special meeting to review Housing Element efforts, HCD comments, and discussed integration of the Housing Element and Zoning Update efforts. March 21, 2023 Planning Commission conducted a study session to discuss rezoning approaches for Housing Element implementation. June 20, 2023 Planning Commission conducted a public hearing, recommended the City Council adopt the Housing Element, and discussed zoning text amendments. July 18, 2023 Planning Commission conducted a study session to discuss the proposed Zoning Text Amendment for Housing Element implementation. August 8, 2023 City Council conducted a public hearing and adopted the revised 2021-2029 Housing Element. August 15, 2023 Planning Commission conducted a study session to discuss the proposed Zoning Text Amendment for the Housing Element implementation. September 19, 2023 Planning Commission conducted a public hearing and recommended the City Council adopt the Housing Element General Plan Map Changes, Zoning Map Changes, and Zoning Text Amendment, with several minor revisions. October 10, 2023 City Council conducted a discussion on the proposed Land Value Recapture Program and provided feedback to staff. October 17, 2023 Planning Commission reviewed minor revisions to the Zoning Text Amendment discussed on September 19, 2023 and adopted a resolution reflecting those revisions. October 24, 2023 City Council approved General Plan and Zoning Code Amendments necessary to effectuate programs in the 2021- 2029 Housing Element. Page 5 of 150 City of Hermosa Beach | Page 3 of 6 Meeting Date Description January 23, 2024 City Council adopted amendments to the Zoning Code to add the Land Value Recapture Program and criteria for Affordable Housing. July 23, 2024 City council adopted amendments to the Zoning Code for Housing Element-related regulations pertaining to mixed-use development, review processes and multi-family residential parking requirements. Discussion: The Housing Element consists of the Housing Element Policy Plan and Housing Element Technical Report divided into two volumes. The Housing Policy Plan provides background information and context for the Housing Element and describes the City’s policies, programs, and objectives for the 2021-2029 planning period. The following summarizes the policy area, associated programs, and status of program implementation. 1. Conservation of Existing Housing Resources Implementation in this policy area is currently on track. The city maintains two active programs in this area: Program 1: Code Enforcement continues as an ongoing, fully funded initiative to maintain housing quality standards. Program 2: Affordable Housing Preservation focuses on preserving 79 existing affordable housing spaces, including 60 mobile home park spaces and 19 RV park spaces. 2. New Affordable Housing Development Progress in this policy area is on track, with all programs meeting their planned milestones. Six programs support the development of new affordable housing: Program 3: Density Bonus regulations grant various incentives for qualifying affordable and senior housing developments. The City’s code has been updated to comply with state law, and program information is now available on the city's website. Program 4: Affordable Housing Development seeks to support affordable housing development through administrative and financial support. It is implemented through multiple strategies, including pursuing funding for special needs populations through participation in the South Bay Council of Governments (SBCOG) Housing Trust Fund, engaging with affordable housing developers through the Southern California Association of Nonprofit Housing (SCANPH) annual conference, and providing assistance with affirmative fair marketing for affordable units. Program 5: Facilitate High Density Housing is intended to support development of multi-family housing by reducing physical and administrative constraints to development. As the City’s existing development pattern has a preponderance of small lots, this includes publicizing lot consolidation incentives on the website. Additional program Page 6 of 150 City of Hermosa Beach | Page 4 of 6 activities include engaging with the development community through SCANPH outreach, and conducting a progress assessment in 2025 (currently underway). Program 6: Accessory Dwelling Units (ADUs) provide an important source of affordable housing. Currently, the Zoning Code treats ADUs and Junior ADUs (JADUs) largely as ministerial approvals. The most recent regulation changes have been submitted to the California Department of Housing and Community Development (HCD) for review, and program information is available on the city website. Several additional changes to the City’s Ordinance will be needed in response to State legislation adopted this year. Program 7: Land Value Recapture was established in 2024, requiring that a portion of increased property value resulting from rezoning be dedicated to public benefits such as affordable housing. The City Council has asked staff to have the Planning Commission review this program as it relates to “small lots”. This discussion is scheduled for the November 18, 2025 special meeting. Program 8: Housing Trust Funds are dedicated sources of financial assistance for affordable housing. The city joined the South Bay Housing Trust Fund managed by SBCOG in 2024 and has contributed Senate Bill 2 (SB 2) funds to the effort. 3. Adequate Sites for Housing Implementation in this policy area has experienced some delays. Program 9: Accommodating Housing Need includes several initiatives with varying completion status. Various zoning text and map amendments to establish the necessary density to accommodate the City’s Regional Housing Needs Allocation (RHNA) were completed in 2024. However, efforts to facilitate affordable housing on city-owned sites have yet to be initiated and plans to expand mixed-use areas in commercial zones are scheduled for 2026. 4. Remove Government Constraints Progress in removing government constraints is lagging slightly from the planned timeline. Three programs aim to eliminate barriers to housing production: Program 10: Special Needs Housing encourages a variety of housing types that support persons with disabilities and special needs. The City completed zoning text amendments in 2024, and strategies for live/work housing are scheduled for 2026. Program 11: Streamline Housing Permitting addresses several areas where City processes and procedures were reformed to support the timely processing of housing development proposals. Revisions to Preliminary Development Plans (PDP), objective standards, Senate Bill 35 (SB 35) procedures, have been adopted. Eliminating the conditional use permit (CUP) requirements for condominium developments will be scheduled for review in 2026. Program 12: Remove Government Constraints addressed development processes and procedures that were not supportive of a variety of unit types and sizes. This includes updating Coastal Land Use Policies for California Coastal Commission (CCC) review, which was scheduled for 2024 but has not yet been initiated. Page 7 of 150 City of Hermosa Beach | Page 5 of 6 5. Equal Housing Opportunity Implementation of equal housing opportunity programs is on track. Two programs support this policy area: Program 13: Affirmatively Furthering Fair Housing encompasses multiple strategies including accommodating persons with disabilities, encouraging stakeholder engagement in decision-making, continuing fair housing outreach and education on housing discrimination, utilizing informational materials and holding at least one public meeting annually to discuss housing issues, and collaborating with and promoting home share programs. Program 14: Neighborhood Improvement ensures systematic investment across all city areas with connections to amenities, prioritizing improvements and services based on urgent need. Quantified Objectives In addition to policies and programs, the Housing Element articulates clear housing production targets which are based on the City’s Regional Housing Needs Allocation (RHNA). The chart below describes the production targets for this cycle. Ex- Low Very Low Low Moderate Above Moderate Totals New 116 116 127 106 93 558 Rehab 10 10 Retain 60* 60 *Mobile Homes The City submits annual progress reports to HCD in April, which account for prior year activities and housing development. The following table, extracted from the HCD website, describes the City’s housing development pipeline based on data from 2021 – 2024. Page 8 of 150 City of Hermosa Beach | Page 6 of 6 City records indicate that 384 housing units are under development or have been completed during the first half of the 6th Cycle. The data suggest that the City will exceed the above-moderate income production target. Housing unit development in all other income categories appears to be lagging. Increased attention to the programs that are behind schedule should improve likelihood of low- and moderate-income housing development. Public Notification: No public notice is required for this item. However, an eblast was sent to individuals who have signed up for the City’s Zoning Code Updates. Attachment: 1. 6th Cycle Housing Element 2021-2029 Respectfully Submitted by: Alison Becker, AICP Community Development Director Page 9 of 150 CITY OF HERMOSA BEACH HOUSING ELEMENT POLICY PLAN 2021-2029 Adopted December 21, 2021 Re-adopted (with revisions) August 8, 2023 Revisions (January, May, and June 2024) Page 10 of 150 Page 11 of 150 This page intentionally left blank Page 12 of 150 Page 13 of 150 Hermosa Beach 2021-2029 Housing Element Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 i Contents I. Introduction ................................................................................................................................. I-1 A. Purpose of the Housing Element ...................................................................... I-1 B. Scope and Content of the Housing Element .................................................. I-1 C. Public Participation ........................................................................................... I-2 D. Consistency with Other Elements of the General Plan ................................... I-2 II. Housing Policy Plan ................................................................................................................... II-1 A. Housing Element Issues and Policies ............................................................... II-1 B. Housing Programs ............................................................................................. II-4 C. Quantified Objectives .................................................................................... II-19 D. Summary of AFFH Actions .............................................................................. II-19 List of Tables Table II-1 Quantified Objectives 2021-2029 ..................................................................... II-19 Table II-2 Affirmatively Furthering Fair Housing Summary Actions ................................ II-199 Page 14 of 150 Hermosa Beach 2021-2029 Housing Element Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 ii This page intentionally left blank Page 15 of 150 Hermosa Beach 2021-2029 Housing Element I Introduction Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 I-1 I. INTRODUCTION A. Purpose of the Housing Element The Housing Element describes the City’s needs, goals, policies, programs and objectives regarding the preservation, improvement, and development of housing in Hermosa Beach. The Element reflects community housing needs in terms of affordability, availability, adequacy, and accessibility. The Element describes the City’s strategies for addressing housing needs over the 2021-2029 period and identifies specific programs to address those needs. The Housing Element is the City’s official municipal response to the State Legislature’s declaration that adequate housing for all economic segments of the community is a matter of statewide importance that must be addressed by all levels of government. The 2021 Housing Element update provides Hermosa Beach with the opportunity to plan for the existing and future housing needs in the community, and identifies strategies and programs to address those needs. B. Scope and Content of the Housing Element The California Legislature has recognized the role of local general plans and particularly the Housing Element in implementing statewide housing goals to provide decent and adequate housing for all persons. The California Department of Housing and Community Development (HCD) also has adopted detailed guidelines regarding the scope and content of housing elements, including the following major components: • An analysis of demographic and housing characteristics and trends (Technical Report, Chapter I); • An evaluation of resources, including land, financial, and administrative resources, available to address the City’s housing goals (Technical Report, Chapter II); • A review of potential constraints, both governmental and non-governmental, to meeting housing needs (Technical Report, Chapter III); • The Housing Policy Plan addressing the City’s identified housing needs, including housing issues, policies, programs and quantified objectives (Chapter II of this document); • An evaluation of the appropriateness and effectiveness of previous policies and programs in achieving the City’s objectives, and the progress in implementing Housing Element programs (Technical Report, Appendix A); • A parcel-specific inventory of vacant and underutilized suitable sites for additional housing (Technical Report, Appendix B); and • A description of the public participation process during the preparation and adoption of the Housing Element (Technical Report, Appendix C). Page 16 of 150 Hermosa Beach 2021-2029 Housing Element I Introduction Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 I-2 C. Public Participation Public participation is an important component of the planning process, and this update to the Housing Element has provided residents and other interested parties numerous opportunities to be involved in the preparation of the element. Public meetings to discuss housing needs and policy options were conducted by the Planning Commission and City Council, and notices of all meetings were published in advance of each meeting. The draft Housing Element was made available for review at City Hall and posted on the City’s website and was also circulated to housing organizations representing the interests of lower-income persons and those with special housing needs. After receiving comments on the draft Housing Element from the State Housing and Community Development Department, a proposed final Housing Element was prepared and made available for public review prior to review by the Planning Commission and adoption by the City Council. Appendix C provides additional information regarding opportunities for public involvement in the preparation of this Housing Element update, as well as a list of persons and organizations who were invited to participate. D. Consistency with Other Elements of the General Plan The Housing Element must be consistent with other elements of the General Plan, which was last updated in 2017. Housing Element policies and programs are closely correlated with the development policies contained in the Land Use Element, which establishes the location, type, and intensity of land uses throughout the city. The Land Use Element determines the number and type of housing units that can be constructed in the various land use districts. Areas designated for commercial and industrial uses create employment opportunities, which in turn, create demand for housing. The Circulation Element establishes the location and scale of streets, highways and other transportation routes that provide access to residential neighborhoods. Because of the requirement for consistency among the various General Plan elements, the 2021 Housing Element update included a review of other General Plan elements to ensure that consistency is maintained. Government Code Section 65302 also specifically requires that the Safety and Conservation Elements be reviewed concurrent with each Housing Element update. SB 1087 of 2005 requires cities to provide a copy of their Housing Elements to local water and sewer providers, and also requires that these agencies provide priority hookups for developments that include lower-income housing. These agencies have been invited to participate in the Housing Element update process and the Housing Element will be provided to these agencies immediately upon adoption. Page 17 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-1 II. HOUSING POLICY PLAN The purpose of this Housing Policy Plan is to identify policies and programs that will help the City in addressing its housing needs during the 2021-2029 planning period. This section includes the following components: • Section A identifies the housing issues facing Hermosa Beach and establishes guiding policies for addressing those issues; • Section B describe specific program actions the City will take consistent with established policies; • Section C establishes quantified objectives for the construction of new housing, rehabilitation of existing housing in need of repair, and the conservation of existing affordable housing. A. Housing Element Issues and Policies This section establishes the City’s housing policy framework. Section 65583(c) of the California Government Code requires that actions and policies included in the Housing Element address five key issue areas: • The manner in which the City will assist in the conservation of existing housing resources, particularly affordable housing; • The City’s strategy in assisting in the development of new housing opportunities; • How the City intends to provide adequate sites to achieve a variety and diversity of housing types; • How the City proposes to remove governmental constraints that may impact the preservation and development of housing; and, • How the City may help to promote equal housing opportunities. Issue Area 1 - Conservation of Existing Affordable Housing The City’s proximity to the Pacific Ocean and its desirability as a place to live and visit contributes to the high land and housing costs relative to the surrounding region. The City, nevertheless, has been successful in maintaining its more affordable housing through the adoption of ordinances and special land use regulations. The City works proactively to preserve and maintain the existing housing resources in the City, including affordable housing. This commitment is underscored by the policies listed below. Policy 1.1 The City will continue to encourage the maintenance and improvement of the existing housing stock within the local neighborhoods. Policy 1.2 The City will assist in the preservation and enhancement of the housing supply available to senior citizens. Page 18 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-2 Policy 1.3 The City will work to minimize the conversion of existing lower-cost rental housing in multiple-family developments to condominiums. Policy 1.4 The City will investigate potential sources of funding and other incentives that will assist in the preservation and renovation of older housing units. Policy 1.5 The City will continue to implement its current code enforcement procedures as a means to ensure the conservation and maintenance of existing housing resources in the City. Issue Area 2 - New Affordable Housing Development The City’s ability to directly fund the construction of affordable housing is constrained due to budget limitations. In addition, the construction of affordable public housing within the coastal zone would not represent an efficient expenditure of public money, given the high land and development costs. As a result, the City continues to be an active participant in the development of more affordable housing through land use regulations and other incentives. The City of Hermosa Beach will continue to assist in the development of new housing for all income groups through the following policies. Policy 2.1 The City will continue to promote the development of a variety of housing types and styles to meet the existing and projected housing needs of all segments of the community. Policy 2.2 The City will continue to encourage the development of safe, sound, and decent housing to meet the needs of varying income groups. Policy 2.3 The City will continue to implement the land use policy contained in the City’s General Plan, which provides for a wide range of housing types at varying development intensities. Policy 2.4 The City will continue to support and promote home ownership in the community. Policy 2.5 The City will continue to cooperate with other government agencies, citizen groups, and the private sector, in order to assist in meeting the existing and future demand for housing. Policy 2.6 The City will encourage the addition of ADU and JADU units as a strategy to provide new housing units for low- and moderate-income households. Issue Area 3 - Provision of Adequate Sites for New Housing The majority of the city was developed during the early 1900s. More intensive development has continued up to the present time. There are few vacant parcels of land remaining in the city, and the majority of the residential construction that has occurred involved the “recycling” of older structures. Nevertheless, the City of Hermosa Beach will continue to Page 19 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-3 explore potential sites for residential development as a means to achieve a variety and diversity of housing types. Policy 3.1 The City will evaluate new development proposals in light of the community's environmental resources, the capacity of public infrastructure to accommodate the projected demand, and the presence of environmental constraints. Policy 3.2 The City will continue to evaluate the General Plan and zoning to ensure residential development standards are adequate to serve future development. Policy 3.3 The City will continue to review current zoning practices for consistency with the General Plan as a way to facilitate new mixed- use development within or near the commercial districts. Issue Area 4 - Removal of Governmental Constraints to Housing In previous years, the City has been successful in the conservation of housing, especially affordable housing, through the implementation of land use ordinances and regulations. A key component of the City’s housing policy is to assist in the development of more affordable housing with the use of incentives and other measures. The City of Hermosa Beach will remain committed to the removal of governmental constraints through the following policies. Policy 4.1 The City will continue to abide by the provisions of the Permit Streamlining Act as a means to facilitate the timely review of residential development proposals. Policy 4.2 The City will work with prospective developers and property owners to assist in their understanding of the review and development requirements applicable to residential development in the city. Policy 4.3 The City will continue its efforts to educate the community regarding the development standards contained in the City of Hermosa Beach Zoning Ordinance, including the ability to provide ADU and JADU units on residential properties. Policy 4.4 The City will continue to evaluate its Zoning Ordinance and General Plan and remove governmental constraints related to development standards. These may include, but not be limited to, parking requirements, allowing affordable housing on commercial sites, new standards for mixed-use development, lot consolidation incentives, and senior housing requirements. Issue Area 5 - Equal Housing Opportunity Federal and State laws prohibit housing discrimination based on an individual’s race, ethnicity, religion or other characteristics. Enforcement of fair-housing laws generally occurs through the courts, though persons being discriminated against often lack the Page 20 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-4 resources to obtain the necessary legal protections. As a result, alternative means to obtain assistance must be made available. Towards this end, the City will continue to cooperate with other public agencies and non-profit organizations providing assistance in ensuring equal housing opportunities for all. Policy 5.1 The City will continue to provide information and referral services to regional agencies that counsel people on fair housing and landlord- tenant issues. Policy 5.2 The City will continue to cooperate with the County Housing Authority related to the provision of rental assistance to lower- income households. Policy 5.3 The City will continue to cooperate with other cities and agencies in the area in investigating resources available to provide housing for the area's homeless population. Policy 5.4 The City will support the expansion of shelter programs with adjacent cities and local private interests for the temporary accommodation of the homeless population. Issue Area 6 – Sustainable Housing Development The City works to promote sustainability and energy conservation in a number of ways. Plan Hermosa, the City’s General Plan, establishes a blueprint for sustainability and a low- carbon future, and provides a framework within which City regulations, programs, and projects work in unison to ensure that land use, transportation, and other aspects of City operations support sustainable development and energy conservation goals. Specifically for the residential sector of the community, the issue of energy conservation can be addressed at several levels: community-wide land use and transportation planning, building technology in both new construction and rehabilitation or remodeling of existing structures, and through lifestyle options such as walking and cycling. This is further supported by water conservation and sustainable neighborhood design. Policy 6.1 The City will support sustainable residential development through land use planning, building technology and lifestyle options. B. Housing Programs The programs listed below describe the actions the City intends to take to address the policy issues discussed above. The City’s main challenge in accommodating new residential development is its lack of vacant land. As a result, the vast majority of new housing development must occur through the “recycling” of older structures and redevelopment of underutilized parcels. The lack of financial resources, coupled with high land and development costs, will continue to be a constraint to the development of new affordable housing. As a result, the focus of these programs is on strategies to assist the private market in the development of affordable housing. Page 21 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-5 Issue Area 1 - Conservation of Existing Affordable Housing 1. Code Enforcement Program Description: Chapter 8.28 of the Municipal Code provides for the abatement of safety and nuisance conditions relating to private property. To implement this requirement, the Code Enforcement Program emphasizes the following: • The City actively pursues Municipal Code violations on a complaint basis, with particular emphasis being placed on those areas clearly exposed to public view; • All necessary steps are taken to ensure that violations are corrected in an expeditious and voluntary manner; • Where appropriate, property owners are informed of available assistance programs for lower-income persons who may not be able to afford needed improvements or corrections; and • The City utilizes misdemeanor criminal prosecution only when attempts to gain voluntary compliance have failed. The Code Enforcement Program implements those sections of the Municipal Code related to property maintenance, including zoning, property maintenance, illegal units, trash container regulations, construction without permits, and sign regulations. The Code Enforcement Officer assists and makes recommendations to other City departments, such as conducting inspections of business licenses, home occupation offenses, and obstructions in public rights-of-way. Timing: This program is in place and will continue through the planning period. Funding: General Fund. 2. Conservation of Existing Affordable Housing Program Description: This program provides for the ongoing maintenance and conservation of the Marine Land Mobile Home Park located at 531 Pier Avenue. The 60- space park provides housing for extremely-low-, very-low- and low-income households. The Hermosa Court Recreational Vehicle Park with 19 pads at 725 10th Street also provides transitional housing space for those persons or households in transition from an RV to a more permanent home. The City's MHP Zoning District requires Planning Commission approval in order to add or delete spaces in the park, which helps to preserve affordability by discouraging conversion from single- to double-wide spaces. In 2013 the Mobile Home Park received over $111,000 of City funds and $1.2 million through the State’s Mobilehome Park Resident Owner Program (MPROP) and the Marineland Community Association, Inc., the resident association, purchased the park, ensuring the long-term security of this important affordable housing resource. In addition to mobile homes, existing apartments provide an important source of housing at lower cost than ownership housing. To reduce the potential impact of condominium conversions on low- and moderate-income residents of converted condominiums, Page 22 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-6 Chapter 17.22 of the Municipal Code establishes requirements including first right of refusal and relocation assistance for tenants. Timing: • To ensure that the amount of relocation assistance remains sufficient, review and update relocation reimbursement requirements annually should condominium conversion become a trend again in the future. (There has not been any condominium conversion in the City for more than a decade.) Funding: General Fund. Issue Area 2 - New Affordable Housing Development 3. Density Bonus and Other Incentives Program Description: State law requires cities to grant a density bonus and other incentives for qualifying affordable or senior housing developments. Section 17.42.100 of the Zoning Ordinance establishes standards and procedures for implementing State Density Bonus Law. In addition to State requirements, the City has adopted additional incentives that allow increased density when small parcels are combined to create a larger residential building site. State density bonus law has been amended from time to time to encourage the development of affordable and senior housing. The City has been implementing the State density bonus law. To provide clarity and help incentivize affordable housing development, the City will revise its density bonus regulations (Municipal Code Sec. 17.42.100) to comport with current State law. In addition, the City will inform developers and contractors of this incentive program through brochures at the public counter and information posted on the City’s website. Timing: • As part of the comprehensive Zoning Ordinance update, revise the City’s Density Bonus regulations by the end of 2023. • Continue to make information available on the density bonus program through brochures and the City website throughout the planning period. Funding: City General Fund. Page 23 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-7 4. Affordable Housing Development Outreach and Assistance Program Description: This program includes investigation of potential funding sources and administrative support to assist private and non-profit organizations in the development and/or provision of affordable housing. The City will investigate the feasibility of expanding CDBG funding and Section 8 rental vouchers to qualifying households. The Section 8 program is one of the major sources of housing assistance for very-low- and extremely-low- income households. If the City is successful in obtaining increased CDBG funding and/or expanding Section 8 rental vouchers for residents, this information will be posted in the Community Center, on the City’s website, in handouts provided in the information kiosk in the City Hall lobby, and in the local library. Brochures will also be provided to local service clubs including the local “Meals on Wheels” program, local dial-a-ride service, the local recreation center, and emergency shelters in the area. The City will also provide incentives such as priority processing, fee waivers and deferrals, and modified development standards to projects with low- or moderate-income units, and will assist in preparing and processing grant applications for affordable housing projects to support the development of such units. Project sponsors will be encouraged to include units for extremely-low-income households where feasible. As part of the 2021 Housing Element update the City consulted with a variety of housing organizations to identify potential actions the City could take to facilitate the development of affordable housing, including to extremely-low-, very-low- and low-income households. Timing: • Annually pursue funding available to expand affordable housing opportunities in the City, especially housing for special needs populations, including extremely low income households. • Annually contact developers to explore affordable housing opportunities, especially for developers with experience in special needs housing. • As affordable units become available, conduct Affirmative Fair Marketing to agencies and organizations that serve low and moderate income households and special needs populations in the South Bay region. Funding: This program will be financed through the City’s General Fund and grant funds. 5. Facilitate Efficient Use of Sites that Allow High-Density Residential Development Program Description: This program will facilitate affordable housing development on sites that allow high-density residential development including reducing constraints posed by small lot sizes. a. While the City does not rely on small sites to meet its lower income RHNA, the City will continue to facilitate lot consolidation by: • Assisting affordable housing developers in identifying opportunities for lot consolidation using the City’s GIS system and property database; Page 24 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-8 • Continuing to expedite processing for lot consolidations processed concurrently with planning entitlements; • Continuing to provide a graduated density bonus for lower-income housing on small lots consolidated into a single building site according to the following formula (Zoning Ordinance Sec. 17.42.170): Combined Parcel Size Allowable Base Density* Less than 0.50 acre 33 units/acre 0.50 acre to 0.99 acre 34.7 units/acre (5% increase) 1.00 acre or more 36.3 units/acre (10% increase) *Excluding density bonus b. The City will continue to facilitate affordable housing development by: • Facilitating pre-application meetings; • Implementing incentives under the Density Bonus law; • Reducing property development standards (e.g. reduced setbacks, reduced parking standards) for small developments below the threshold of Density Bonus law when affordable units targeted to the elderly or persons with disabilities are provided; • Allowing deferral or waiver of City fees necessary to make the project cost- effective; • Facilitating permit processing so that developers can take advantage of funding opportunities; • Expediting permit processing through concurrent review through the planning and building processes; • Promoting programs on the City’s website and at the Planning Counter and biennially notify affordable housing developers of the City’s housing incentives. Timing: • By the end of 2023, publicize the lot consolidation incentives on the City’s website, at the Planning counter, and by notice to affordable housing providers. • Annually contact developers to communicate the various city incentives available to facilitate affordable housing development. • By the end of 2025, conduct an assessment of the City’s progress in providing affordable housing in the community. If the City is not making meaningful progress in its affordable housing goals, the City will develop additional incentives and strategies to expand affordable housing opportunities by the end of 2026. Additional incentives may include increasing the graduated densities for lot consolidation. Funding: General Fund. Accessory Dwelling Units Page 25 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-9 6. Accessory Dwelling Units Program Description: Accessory dwelling units (ADUs) provide an important source of affordable housing for seniors, young adults, care-givers and other low- and moderate- income segments of the population. In recent years, the State Legislature has adopted extensive changes to ADU law in order to encourage housing production. Among the most significant changes is the requirement for cities to allow one ADU plus one “junior ADU” on single-family residential lots by-right subject to limited development standards. The City further incentivizes ADU development by allowing a second ADU in lieu of the JADU. This flexibility facilitates the development of a range of ADU sizes to accommodate the diverse housing needs in the community. The City will review new legislation each year and update ADU regulations as necessary to ensure conformance with current State law. Timing: • Facilitate the development of 95 ADUs over the eight-year planning period, over the RHNA projection of 64 ADUs. • Monitor legislation and update City ADU regulations as necessary to maintain consistency with State law by the end of 2023. • Provide ADU standards, guidance, and resources on City website by the July 2024. For example, provide links to the California Housing Finance Agency (CalFHA) ADU grant program that provides $40,000 in pre-development funds to qualified homeowners. • By the end of 2025, develop incentives to facilitate the construction of ADUs. Incentives may include pre-approved plans, expedited review, assigned staff or office hours for ADU review and consultation, and/or reduced fees. • By the end of 2025, amend the Zoning Code to allow an additional JADU (beyond current allowance under State and local laws) within the existing square footage of larger homes. A survey of completed homes in the past four years revealed an average primary unit size of 3,500 square feet. The City proposes to allow an additional JADU in primary units over 3,000 square feet on single-family (R-1) lots, only when the additional JADU results in a net additional dwelling unit. The City aims to add 15 additional units using this method between 2026 and 2029. • Monitor the trend of ADU development every other year beginning in 2025. If by 2027, the ADU activities are not trending to meet the Housing Element goal, develop additional incentives (such as pursuing State funds or partnering with nonprofits) by July 2028 to further facilitate ADU development, or to identify replacement sites or rezoning, if necessary, to address any sites capacity shortfalls. • Promote the use of Housing Choice Vouchers for ADUs. Create a Fair Housing Factsheet on landlord responsibility as part of ADU application packet by July 2024. Funding: General Fund and grant funds, if available. Page 26 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-10 7. Land Value Recapture Program Description: When land is rezoned to allow higher-intensity uses, the value of that property typically increases. Land value recapture refers to a policy requiring that a portion of the increased value be dedicated to a public benefit, such as affordable housing. The City adopted the Housing Element on December 21, 2021, including the Land Value Recapture Program as Program 7. This Program was introduced early in the Housing Element discussions and has been a part of the Housing Element update since inception. The Program was carried through to the revised adopted Housing Element on August 8, 2023. The Housing Element indicates that the City will perform a feasibility analysis on the Land Value Recapture Program. The premise of the Land Value Recapture Program is that properties that benefit from zoning actions to allow for residential development increase in value. In the South Bay region where Hermosa Beach is located, there is a decreasing desire to redevelop commercial properties and instead an increased desire to redevelop properties into mixed use or all residential. This desire correlates to property values. The Program levies a fee onto any residential development on properties that benefited from a zoning action that expanded their development ability. However, the property is exempt from the fee if the proposed residential development includes 15% very-low-, 15% low-, or 25% moderate- income units. The City worked with a real estate advisory company to evaluate the economic feasibility of Land Value Recapture. The analysis included sample business proformas indicating that the City’s proposed Land Value Recapture fee did not render development infeasible (i.e., that an acceptable return on investment would be possible), and even further that in some cases, construction affordable units and taking advantage of density bonus provisions amplified the return on investment. Timing: • Conducted feasibility study concurrent with rezoning in 2023 (see Program 9) and begin implementation in 2024. Funding: General Fund and grant funds, if available. 8. Housing Trust Funds Program Description: Housing trust funds are a dedicated source of financial assistance for affordable housing and can be funded through a variety of mechanisms, such as governmental grants, loans, charitable contributions, development fees, and land value recapture requirements (see also Program 7). The City has joined the South Bay Housing Trust Fund managed by the South Bay Council of Governments (SBayCOG). Specifically, the City has contributed SB 2 funds toward the Trust Fund. Timing: Page 27 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-11 • Annually pursue funding to provide for affordable housing, especially funding for special needs populations. As funding permits, continue to participate in the South Bay Housing Trust Fund. Funding: General Fund or grant funds, if available. Issue Area 3 - Provision of Adequate Sites for New Housing 9. Adequate Sites to Accommodate Housing Needs Program Description: State law requires cities to ensure that their land use plans and development regulations identify adequate sites with appropriate zoning to accommodate housing needs assigned through the Regional Housing Needs Assessment (RHNA) process. The City’s RHNA allocation is described in Section I.H of the Housing Element Technical Report, and an analysis of the City’s potential sites for additional housing is presented in Appendix B of the Technical Report. For the 6th cycle RHNA, the City has been allocated a RHNA of 558 units (232 very low, 127 low, 106 moderate, and 93 above moderate income units). With projected ADUs of 64 units over eight years, the City has a remaining RHNA obligation of 494 units (221 very low, 99 low, 102 moderate, and 72 above moderate income units). These units are being accommodated on sites rezoned or amended to allow mixed use and residential uses. At the State default minimum density of 20 units per acre, up to 24.7 acres of rezoning would be required. However, the City proposes to rezone two one-acre city-owned properties at a minimum density of 34 units per acre, and the majority of identified parcels will be rezoned to a minimum density of 25.1 units per acre. Overall, 23.5 acres of rezoning were identified. The sites analysis concluded that amendments to current land use and zoning designations are necessary in order to fully accommodate the RHNA. Specifically, the City identified a number of sites with potential for redevelopment into residential or mixed use residential development. An estimated 302 units can be accommodated on parcels larger than 0.5 acre (151 very low, 76 low, 44 moderate, and 31 above moderate income units). In addition, Sites 1 and 2 (St. Cross), while comprising of multiple parcels, are under common ownership and function as an integral campus. These two sites can accommodate 33 very low and 13 low income units. These large parcels and St. Cross site can accommodate the majority of the City’s remaining lower income RHNA, with 47 units (less than 15 percent) of the remaining lower income units required to be accommodated on consolidated sites. As discussed before, all small sites used for lower income RHNA are contiguous, under common ownership and with no more than two owners. Moderate and above moderate income housing can be developed on small parcels without consolidation. This program describes the actions the City will take to ensure that adequate sites are designated consistent with Government Code Sec. 65583(c)(1)(A) and 65583.2. • The City will process General Plan and zoning amendments, including the required CEQA analysis, for the selected sites. The rezoned sites shall include the following components pursuant to Government Code Sec. 65583.2(i): Page 28 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-12 o Permit owner-occupied and rental multi-family uses by-right for developments in which 20 percent or more of the units are affordable to lower-income households. o Permit the development of at least 16 units per site. o Permit a minimum of 20 dwelling units per acre. o Ensure that either: a) at least 50 percent of the shortfall of low- and very-low- income regional housing need can be accommodated on sites designated for exclusively residential uses; or b) if accommodating more than 50 percent of the low- and very-low-income regional housing need on sites designated for mixed uses, all sites designated for mixed uses must allow 100 percent residential use and require that residential uses occupy at least 50 percent of the floor area in a mixed-use project. • The City will report on the status of this program each year as part of the Annual Progress Report. Timing: • In November 2023, the City completed Zoning map and text amendments to provide adequate sites: o Rezone City-owned properties (Sites 10 and 11) from M-1 and O-S to Public Facilities with an allowable residential density of 34-50 units per acre. o Rezone Sites 1 and 2 (St. Cross Church properties) from R-1/R-2 to R-2A with an allowable residential density of 22-25 units per acre. o Amend Zoning Ordinance to add residential and mixed use development as permitted uses to C-2, C-3, SPA-7, SPA-8, and SPA-11 RHNA sites with an allowable residential density of 25.1-33 units per acre. o Amend Zoning Ordinance to establish a formal procedure to monitor for the No Net Loss of capacity for accommodating the RHNA, pursuant to SB 166. o Amend Zoning Ordinance to establish the replacement housing requirements when redevelopment occurs on RHNA sites where existing units occupied by or deed-restricted for lower income households are demolished. • In November 2023, the City amended the General Plan land use designation for Sites 1 and 2 in the inventory from Low Density to Medium Density Residential. • By the end of July 2024, complete text corrections regarding the rezoning above to ensure compliance with the minimum density of 20 du/ac. • Facilitate affordable housing development on City-owned sites: o Develop and release a Request for Proposal by the end of 2024 to solicit a public/private partnership for affordable housing (including housing for special needs populations). If disposition of site(s) is considered, the City will ensure compliance with the Surplus Land Act. Page 29 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-13 o Complete design work, environmental review and associated approvals by the end of 2025. o Identify affordable housing developer(s) to partner with on affordable housing projects meeting the RHNA allocation of 100 affordable units on the City sites (30 very low, 45 low, and 25 moderate income units) on City-owned sites. o If the City is not successful in pursuing affordable housing on these sites and construction has not started by 2027, the City will pursue alternative actions (such as identifying alternative sites) by the end of 2028. • Beyond the sites required to accommodate the City’s RHNA, the City also embarked on an effort starting in 2022 to introduce residential development along all major commercial corridors. As of November 2023, the City completed the zoning text changes creating mixed use (residential/ commercial) development standards in C-2 and C-3 zones, and allows mixed use/residential only in the newly created the Housing Element Sites Overlay (Sites Inventory sites) with a density range of 25.1 to 33 du/ac. By the end of 2026, the City will create additional mixed use overlays to include other areas in the major commercial corridors, with a minimum density of at least 20 du/ac. The City anticipates this will result in 100 units above the Housing Element Sites Overlay capacity. Funding: General Fund; grant funds. Issue Area 4 - Removal of Governmental Constraints to Housing 10. Housing for Persons with Special Needs Program Description: The Zoning Ordinance encourages the provision of housing for persons with special needs, including regulations and procedures related to group homes, emergency shelters, transitional/supportive housing and persons with disabilities. The City is in the process of updating the Zoning Ordinance. Specific changes to address special needs housing include: • Emergency Shelters: Revise parking standard based on staffing level only. Designate R-3 (Multi-Family Residential) as zone for emergency shelters by right without discretionary review. Expand the definition of emergency shelters to include interim housing options pursuant to State law (AB 2339), including bridge housing, navigation centers, and respite and recuperative care. Review and revise or remove the bed limit based on consultation with service providers. • Transitional and Supportive Housing: These uses are currently permitted in all residential zones as similar uses in the same zones. Revise the Zoning Ordinance to similarly permit transitional and supportive housing in all zones that permit residential uses. Page 30 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-14 • Supportive Housing: Recent changes to State law (AB 2162 of 2018) require that supportive housing (up to 50 units) meeting specific requirements be a use by-right in zones where multi-family and mixed uses are permitted, including non-residential zones permitting multi-family uses. Furthermore, if the development is located within half-mile from transit, no minimum parking can be required. • Residential Care Facilities (for seven or more persons): Revise the CUP review process for large care facilities to an Administrative Permit in all residential zones, with a lower fee, and establish findings for approval that are objective and provide certainty in outcomes similar to other residential uses of the same type in the same zone. • Low Barrier Navigation Center: In 2019 the State Legislature adopted AB 101 establishing requirements related to local regulation of low barrier navigation centers, which are defined as “Housing first, low-barrier, service-enriched shelters focused on moving people into permanent housing that provides temporary living facilities while case managers connect individuals experiencing homelessness to income, public benefits, health services, shelter, and housing.” Revise the Zoning Ordinance to permit low barrier navigation centers meeting specified standards by- right in areas zoned for mixed use and in nonresidential zones permitting multi-family uses. • Reasonable Accommodation: In the October 2023 Zoning Ordinance amendment, the City removed the public hearing requirement for reasonable accommodation requests and required finding relating to traffic and parking impacts. However, the finding relating to neighborhood character remained. In November 2023, the City adopted the Housing Element Zoning Text Amendment and removed the finding regarding neighborhood character to ensure objectivity. (This action is completed.) • Live/Work Housing: The City’s Economic Subcommittee studied the increased need for live/work housing. Develop strategies for providing live/work housing and 15- minute neighborhoods. Timing: • Zoning Code amendments by the end of 2024. • Develop strategies for live/work housing by 2025. Funding: General Fund and grants 11. Streamline Housing Permit Processing Program Description: As part of the comprehensive Zoning Ordinance update the City will evaluate methods to simplify the housing development review process such as eliminating the conditional use permit requirement for multi-family, condominium and mixed-use developments and reviewing the Precise Development Plan (PDP) process including what is reviewed, typical findings and approval procedures by zone and housing type, and impacts as potential constraints on housing supply and affordability. Consistent with new transparency laws, zoning, development standards and fees are posted on the City website. The Zoning Ordinance update will also include revisions to streamline PDP process Page 31 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-15 and develop objective standards to minimize constraints on housing supply and affordability. In addition, the City will establish procedures to process SB 35 projects. Timing: • Zoning Ordinance update by the end of 2023 to: o Streamline the Precise Development Plan review process as discussed in the Housing Element Technical Report. o Develop object standards for project review. • By the end of 2023, establish SB 35 procedures. • Annually update City website to provide current information on zoning, development standards and fees. • By the end of 2024, update Subdivision Ordinance to address CUP requirement for condominium projects. Funding: General Fund and grants. 12. Remove Governmental Constraints Program Description: As part of this Housing Element update, the City has evaluated the effectiveness of its development standards and procedures in facilitating residential and mixed use developments. Specifically, the City’s parking standards for multi-family housing does not support a variety of unit types and sizes. Subsequent to the adoption of the Housing Element, the City will review any Coastal Land Use Plan policies that must be updated and submit to the California Coastal Commission for certification. The timeline will be more apparent once the amendments have been submitted. Timing: • As part of comprehensive Zoning Ordinance update by the end of 2023, revise parking standards to facilitate a variety of unit sizes and types, such as smaller units, senior units, and mixed use developments, and offer alternative options such as shared parking arrangements for mixed use development. (This task has already been completed as part of the October 2023 Zoning Ordinance update. Parking for small units (zero to one-bedroom) has been reduced from two spaces per unit to 1.5 spaces per unit. Transitional and supportive housing, which is usually smaller in size, the parking requirements mirror that of regular residential uses, except when such housing is located within one-half mile of transit. In that case, no parking is required.) By the end of 2024, the City will revise the parking standards to remove the guest parking requirements. The currently adopted parking standards will remain but will be indicated as inclusive of guest parking. • By 2024, submit updated Coastal Land Use Policies to the CCC for certification. Funding: General Fund and grants. Page 32 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-16 Issue Area 5 - Equal Housing Opportunity 13. Affirmatively Furthering Fair Housing Program Description: As a participating city in the Los Angeles County CDBG program, Hermosa Beach has access to services for fair housing outreach, education, and counseling on housing discrimination complaints. The City will continue to advertise the fair housing program through placement of fair housing service brochures at the public counter, at the Senior Center, through the City's newsletter, and on the City website. Apartment owners and managers are provided with current information about fair housing issues, rights and responsibilities. The Apartment Association of Greater Los Angeles conducts seminars on State, Federal and local Fair Housing laws and compliance issues. In addition, the City will: • Ensure that all development applications are considered, reviewed, and approved without prejudice to the proposed residents, contingent on the development application’s compliance with all entitlement requirements. • Accommodate persons with disabilities who seek reasonable waiver or modification of land use controls and/or development standards pursuant to procedures and criteria set forth in the applicable development regulations. • Work with the County to implement the regional Analysis of Impediments to Fair Housing Choice and HUD Consolidated Plan. • Facilitate public education and outreach by posting informational flyers on fair housing and housing resources at public counters, libraries, and on the City’s website and at Senior Center. Expand the City’s outreach efforts to reach a broader audience by: o Advertising housing-related initiatives and programs in newspapers that have broader circulation beyond city limits (such as the Daily Breeze. o Making hard copies of documents to assist the technology challenged. o Expanding notifications to agencies and organizations that serve residents in the South Bay region. • Conduct at least one public meeting annually to discuss housing-related issues. Conduct public meetings at suitable times, accessible to persons with disabilities, and near public transit. The utilizes multi-media platforms to outreach to lower and moderate income populations and persons with special needs. The City partners with community agencies for outreach at community events on weekends and at public locations. For community workshops and meetings, the City offers to the degree possible hybrid attendance depending on the setting. Usually, this includes a minimum of two (2) methods of attendance consisting of in-person and one other method. Resources will be invested to provide interpretation and translation services when requested at public meetings when feasible. • Encourage community and stakeholder engagement during development decisions. Page 33 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-17 • Collaborate with home share programs and promote programs to residents. Home share programs available to South Bay residents include: o Home Share South Bay, a program offered by the South Bay Cities Council of Governments (SBCCOG), is a community solution that matches homeowners with renters seeking affordable housing in the South Bay. o Affordable Living for the Aging (ALA) offers a home share program. ALA screens, matches, and monitors two people to share a home based on living preferences and compatibility. Arrangements may be rent or a combination of rent and daily living support such as cleaning, cooking, or transportation. Timing: This program is ongoing and will continue through the planning period. Funding: General Fund. 14. Neighborhood Improvement Given the City’s compact size, the City’s strategies for AFFH Placed-Based Strategies for neighborhood improvements are focused on ensuring that every area in the City receives systematic investment while also ensuring that every area in the City is connected to amenities, such as services, businesses, and recreation across the City as well as regionally. Certain programs are available for senior and disabled residents as well. Community Development Block Grant (CDBG) The City uses CDBG funds to further mobility across all areas of the City by retrofitting existing intersections for disabled-accessible crosswalks and ramps. Safe Routes to School The City, in concert with the Hermosa Beach City School District, has a Safe Routes to School program. The Program includes educational materials, outreach, and a reporting system to ensure that routes to school are safe. https://www.hermosabeach.gov/our-government/city-departments/police/programs-tips/safe-routes-to-school Aging in Place The City of Hermosa Beach offers a tax rebate and certain exemptions (sewer, lighting assessment, utility user tax) for income-qualified elderly or disabled residents. https://www.hermosabeach.gov/our-government/finance-department/finance- administration/rebates The City offers a House Check program for senior citizens, including those with Alzheimer’s to ensure that these residents are safe. https://www.hermosabeach.gov/our-government/police-department/not-alone-program-alzheimer-checklist-vacation-house- checks Beach Cities Health District (BCHD) has a Care Management Program to ensure senior receive services they need to continue living in their home. BCHD also pairs volunteers up with senior to assist them on errands so they can continue to live in their homes. Page 34 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-18 Maintenance of Property Senior Grant Program – Los Angeles County Development Authority – senior homeowners for $15,000. Examples are livability and age in place, including deferred maintenance repairs. BCHD’s Senior Resources includes assisting seniors with mental health issues that may affect an individual’s ability to maintain and upkeep their home. Capital Improvement Program (CIP) The City’s CIP projects which are under currently construction are focused on public amenities that are used by all residents, including repair of the Municipal Pier, accessible beach routes, sidewalk and accessible curb ramps, and repair of City park restrooms. https://hermosabeach.maps.arcgis.com/apps/Shortlist/index.html?appid=d4 f16ff6c37544a0b8bd0dc0a725452f The City’s 5-year CIP includes repair of a wide variety of public amenities. https://hermosabeach.maps.arcgis.com/apps/Shortlist/index.html?appid=d4f16ff6c3754 4a0b8bd0dc0a725452f Clean-up Events The City benefits from clean-up events through sponsoring and also in partnership with many organizations. The City of Hermosa Beach, Friends of the Parks-Hermosa Beach, the Surfrider Foundation, are some examples. These clean-up events restore public amenities for residents. Recent events headed by the Mayor of Hermosa Beach included a painting of classrooms in a park facility, new landscaping at park facilities, and beach clean-ups. Timing: • Annually during budgeting process, prioritize improvements and services that have the most urgent need. Funding: General Fund and grant funds. Issue Area 6 – Sustainable Housing Development 15. Sustainable Housing Development Program Description: In 2017 the City adopted a comprehensive update to the General Plan (PLAN Hermosa). One of the primary themes of the new General Plan is community sustainability. Chapter 4: Sustainability + Conservation establishes state-of-the-art policies to improve sustainability and energy conservation in residential development. Those policies will continue to guide City decision-making in land use decisions and the development review process. Funding: General Fund. Timing: Throughout the planning period. Page 35 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-19 C. Quantified Objectives Table II-1 describes the City’s quantified objectives for new construction, rehabilitation and conservation during the planning period. Table II-1 Quantified Objectives 2021-2029 Income Category Totals Extremely Low Very Low Low Moderate Above Moderate New construction 116 116 127 106 93 558 Rehabilitation 10 10 Conservation (1) 60 60 1. Mobile homes D. Summary of AFFH Actions The table below summarizes the City’s actions to affirmatively further fair housing. This table supplements the descriptions, actions, and timing for citywide programs with targeted actions for AFFH. Implementation of the housing programs and detailed shown in the table below are both considered commitments of the City of Hermosa Beach. Table II-2 Affirmatively Furthering Fair Housing Summary Actions Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Fair Housing Enforcement and Outreach – High Priority Contributing Factors: Lack of fair housing service records Lack of fair housing testing Lack of monitoring Lack of targeted outreach Program 4: Affordable Housing Development and Outreach Make information available to affordable housing organizations regarding residential development opportunities. Annually Agencies and organizations serving low and moderate income and special needs households in the South Bay region Facilitate the development of 359 lower income units Pursue funding available for affordable housing development. Annually Conduct Affirmative Fair Marketing as affordable housing units become available. As units become available Page 36 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-20 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Program 13: AFFH Facilitate public education and outreach by posting informational flyers on fair housing and housing resources at public counters, libraries, on the City’s website, and social media (FB, Twitter, Instagram, Next Door, and Tik Tok), and paid advertising such as Daily Breeze – engage a more diverse population, especially relying on social media platforms that have a younger audience. Annually Citywide (all highest resource areas) Facilitate the development of 558 units, including 359 lower income units City newsletter (about 8,000 subscribers) Bi-weekly Conduct public meetings to discuss housing-related issues. Conduct meetings at suitable times, accessible to persons with disabilities, and near public transit. Resources will be invested to provide interpretation and translation services when requested at public meetings when feasible. At least once a year Encourage community and stakeholder engagement during development decisions. At least once during development review process Conduct Affirmative Fair Marketing as affordable housing units become available. As units become available Agencies and organizations serving low and moderate income and special needs households in the South Bay region New Opportunities in High Resource Areas – High Priority Contributing Factors: High land, rental, and ownership housing costs Availability of affordable housing Program 3: Density Bonus and Other Incentives Revise Density Bonus provisions and make information available on the density bonus program through brochures and the City website. By the end of 2023 Citywide (all highest resource areas) Facilitate construction of 359 lower income units Program 5: Facilitate Efficient Use of Sites that Allow High-Density Residential Development Facilitate lot consolidation and affordable housing development through implementation of strategies outlined in Program 5. 2021-2029 Multi-family and mixed use zones Promote lot consolidation to facilitate development of 100 multi- family units Page 37 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-21 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Program 6: ADUs Monitor legislation and update City ADU regulations as necessary to maintain consistency with State law. By the end of 2023 Single-family neighborhoods Facilitate construction of 95 ADUs, including 15 additional JADUs Promote the use of Housing Choice Vouchers for AUDs. Create a fair housing factsheet to be included in ADU application. Amend Zoning Code to allow one additional JADU on R-1 lots if the primary unit is at least 3,000 square feet and the additional JADU will result in a net increase in units. By the end of 2025 Program 9: Adequate Sites to Accommodate Housing Needs Complete Zoning map and text amendments to provide adequate sites for RHNA. By the end of 2023 Along commercial corridors Accommodate 100% of the shortfall of sites to accommodate the city’s remaining housing need of 359 units for very low and low income households. Housing Mobility– High Priority Contributing Factors: High land, rental, and ownership housing costs Availability of affordable housing Program 6: ADUs Promote the use of Housing Choice Vouchers for AUDs. Create a fair housing factsheet to be included in ADU application. By the end of 2023 Single-family neighborhoods Facilitate construction of 95 ADUs Amend Zoning Code to allow one additional JADU on R-1 lots if the primary unit is at least 3,000 square feet and the additional JADU will result in a net increase in units. By the end of 2025 Program 9: Adequate Sites to Accommodate Housing Needs By the end of 2026, the City will broaden the overlay to include the remaining sites in the major commercial corridors. The City anticipates this will result in 100 units above the Housing Element Sites Overlay capacity. By the end of 2026 Commercial corridors Facilitate development of 100 units along commercial corridors Page 38 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-22 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Program 10: Housing for Persons with Special Needs Complete zoning code amendments outlined in Program 10 to promote housing for special needs groups. By the end of 2023 City-owned property and along commercial corridors Assist with the construction of 100 units for special needs populations, including 50 units of senior housing on City-owned property Economic Subcommittee studied increased need for live/work – develop strategies for live/work housing, co-working space, and 15-minute neighborhood, etc. By 2025 Along commercial corridors and in light manufacturing areas Facilitate the development of 50 live/work units Program 13: Affirmatively Furthering Fair Housing Facilitate public education and outreach by posting informational flyers on fair housing and housing resources at public counters, libraries, and on the City’s website and at Senior Center. Expand the City’s outreach efforts to reach a broader audience by: o Advertising housing-related initiatives and programs in newspapers that have broader circulation beyond city limits (such as the Daily Breeze. o Making hard copies of documents to assist the technology challenged. o Expanding notifications to agencies and organizations that serve residents in the South Bay region. By the end of 2024 Single-family neighborhoods Provide referrals to services to 20 households, with the goal of reaching a broader population via other media platforms. Page 39 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-23 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Collaborate with home share programs and promote programs to residents. Home share programs available to South Bay residents include: o Home Share South Bay, a program offered by the South Bay Cities Council of Governments (SBCCOG), is a community solution that matches homeowners with renters seeking affordable housing in the South Bay. o Affordable Living for the Aging (ALA) offers a home share program. ALA screens, matches, and monitors two people to share a home based on living preferences and compatibility. Arrangements may be rent or a combination of rent and daily living support such as cleaning, cooking, or transportation. Program 14: Neighborhood Improvements Pursue community development activities and neighborhood improvements: • CDBG mobility access improvements at crosswalks and ramps • Safe routes to school Annually during budgeting process Area with lower median household income and along commercial corridors and manufacturing areas where future housing is expected Pursue 16 improvement projects AFFH: Affirmative Marketing Require the project develops of affordable housing projects or projects with affordable units to implement an Affirmative Fair Marketing Plan to outreach to a diverse population, extending outreach to nearby communities in the South Bay, especially to workers in the City who do not live in the City. These affirmative marketing materials will include contact information for housing service providers (such as the home share programs) and non- profit housing organizations that serve lower income tenants in the surrounding region. As affordable units are developed South Bay Achieve 30% of future occupants of affordable units from outside Hermosa Beach, including those who work but do not live in the City Page 40 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-24 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Develop materials for Hermosa Beach residents who may be seeking tenants for their ADUs, which will be provided to ADU applicants at the time they apply for a building permit or ADU permit. These affirmative marketing materials will include contact information for housing service providers (such as the home share programs) and non- profit housing organizations that serve lower-income tenants in the surrounding region. Interested residents can use these materials to find prospective tenants in a larger market area beyond city limits, including residents of all races, ethnicities, ages, and abilities By December 2025 Single-family neighborhoods and high resource areas (citywide) Achieve 30% of future ADU occupants from outside Hermosa Beach, including those who work but do not live in the City Housing Mobility Monitoring Annually review overall progress and effectiveness in April and include information in annual report to HCD. If the City is not on track to meet its housing mobility goals by 2027, the City will consider alternative land use strategies and make necessary amendments to zoning or other land use documents to facilitate a variety of housing choices, including but not limited to, strategies that encourage missing middle zoning (small-scale multi- unit projects up to four-plexes), adaptive reuse, within six months, if sufficient progress toward this quantified objective is not being met. Annually in April Citywide 95 ADUs/JADUs (including 15 additional JADUs) Home match for 20 households Page 41 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-25 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Place-Based Strategies for Neighborhood Improvement – Medium Priority Contributing Factors: Unaffordable rental prices Availability of affordable housing Private discrimination Program 14: Neighborhood Improvements Pursue community development activities and neighborhood improvements: • Aging in place services, including tax rebates and exemptions for assessments • Promote property maintenance assistance, such as LACDA senior repair grants • Capital improvements for neighborhood amenities Annually during budgeting process Area with lower median household income and along commercial corridors and manufacturing areas where future housing is expected Provide 20 tax exemptions for seniors and disabled households Conduct 8 neighborhood cleanup events Tenant Protection and Anti-Displacement– High Priority Contributing Factors: Lack of fair housing service records Lack of fair housing testing Lack of monitoring Lack of targeted outreach Program 2: Conservation of Existing Affordable Housing Review and update relocation reimbursement requirements for relocation assistance. Annually Citywide 100% of displaced households compensated. Program 8: Housing Trust Funds Annually pursue funding to provide for affordable housing and as funding permits, continue participation in the South Bay Housing Trust Fund Annually South Bay Region Contribute to the development of 5 affordable housing units in the region. Page 42 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-26 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric AFFH: Homelessness Plan Continue to implement the City’s Homelessness Plan, including outreach for persons experiencing homelessness: • PATH provides dedicated outreach teams for homeless assistance, and also connects individuals with medical and mental healthcare, interim housing, veteran services, employment services and providing benefits enrollment and advocacy. • Through PATH, the City has an Outreach Hotline. • The LA County MET performs outreach and assessments on individuals with mental health needs, and provides linkages to services. • City staff meets quarterly with regional outreach representatives from PATH and Harbor Interfaith Services to share relevant information, assess service connections made, and identify community “hot spots” where additional attention is needed. • In partnership with SBCCOG, facilitate landlord outreach/education regarding opportunities for housing individuals at- risk of homelessness Ongoing Citywide with emphasis on southwest section of the City Assist 10 persons experiencing homelessness through outreach efforts annually. Utilize local funds outlined in the Homelessness Plan to support response efforts and special circumstances. This fund can cover items such as miscellaneous services and materials, motel vouchers, transit vouchers, laundry services, hygiene products, etc. Ongoing Citywide with emphasis on southwest section of the City Assist five persons experiencing homelessness annually. Page 43 of 150 City of Hermosa Beach | Page 1 of 5 . Meeting Date: October 21, 2025 Staff Report No. 25-CDD-077 Honorable Chair and Members of the Hermosa Beach Planning Commission DISCUSSION OF LAND VALUE RECAPTURE ORDINANCE A PROGRAM OF THE 2021-2029 CERTIFIED HOUSING ELEMENT (Planning Manager Alexis Oropeza) Recommended Action: Staff recommends the Planning Commission: 1. Receive a staff report and solicit public input; and 2. Provide a recommendation to City Council. Executive Summary: At its March 25, 2025, City Council meeting, the City Council directed staff to have the Planning Commission review the Land Value Recapture Ordinance as it pertains to “small lots.” Staff recommends that the Planning Commission consider, discuss, and provide a recommendation to the City Council. Background Land Value Recapture (LVR) policies are founded on the principle that properties gain value from specific city actions, such as infrastructure improvements or rezoning. As a result, a portion of the increased value should be captured and used for public benefit. Land Value Recapture is one of the policy programs established in the City’s 2021-2029 Housing Element to support the development of affordable housing (Attachment 1). The City Council adopted the corresponding Zoning Text Amendment (ZTA) Ordinance No. 24-1474 to implement the LVR program on January 23, 2024, and it went into effect on August 1, 2024, when the Housing Element was certified by the California Housing and Community Development (HCD)(Attachment 2). In its certification letter to the city, HCD emphasized the importance of the city’s timely and effective implementation of all adopted programs, including, but not limited to, LVR. Furthermore, HCD established an expectation that the LVR program would be evaluated biennially (every two years)(Attachment 3). Page 44 of 150 City of Hermosa Beach | Page 2 of 5 Past Board, Commission, and Council Actions Meeting Date Description November 16, 2021 Planning Commission Consideration of a comprehensive amendment to the HE for the 2021-20219 planning period, including Land Value Recapture December 21, 2021 City Council conducted a public hearing, adopted the 2021-2029 Housing Element, and authorized submission to HCD July 18, 2023 Planning Commission Study Session discussing Housing Element-related Zone Changes and Zone Text Amendments August 8, 2023 City Council adopt Housing Element and associated changes to the Land Use Element of the General Plan August 15, 2023 City Council Study Session discussing Housing Element- related Zone Changes and Zone Text Amendments September 19, 2023 Planning Commission recommended approval of the General Plan Amendment, Map Changes, and Zone Text amendment, including Land Value Recapture October 10, 2023 City Council Discussion of Land Value Recapture October 17, 2023 Planning Commission adopted a Resolution reflecting Zone Text Amendments to effectuate the Housing Element programs October 24, 2023 City Council consideration of General Plan Amendment, Zone Changes and Zone Text Amendments to effectuate programs of the 2021-2019 Housing Element December 12, 2023 City Council consideration of Zone Text Amendment adding Land Value Recapture and amending criteria for affordable housing and Resolution establishing fees January 23, 2024 City Council adoption of ZTA adding the LVR and amending the criteria for affordable housing At the March 25, 2025, meeting, the City Council directed staff to schedule the Planning Commission’s review of the Land Value Recapture program as it pertains to “small lots.” As of August 2025, the LVR Ordinance has been in effect for one year. Page 45 of 150 City of Hermosa Beach | Page 3 of 5 Discussion: The City’s Land Value Recapture Ordinance is structured to capture a portion of the land value gained from adding residential development capacity to properties that were previously zoned for non-residential uses only. The LVR ordinance applies to properties on the Housing Element Inventory list that benefited from the rezoning of the property with the Housing Element Overlay (HE-) zone (Attachment 4). The HE overlay expanded the allowed uses on the rezoned parcels to include residential and mixed-use uses. However, the property is exempt from the fee if the proposed residential development includes 15 percent very-low-income, 15 percent low-income, or 25 percent moderate- income units. The City Council established a two-tiered fee structure aimed at providing a lower fee for “smaller lots” or lots that would accommodate a minimum density of four (4) or fewer residential units (Tier 1) and a higher fee for larger lots where a minimum density of five (5) or more residential units could be developed. LVR Exemption Tiers Fee Tier 1 – Minimum Density 4 or fewer residential units $76/per square foot Tier 2 – Minimum Density 5 or more residential units $104/per square foot The LVR fee was calculated to be the equivalent cost of creating affordable residential units on-site, on non-residentially zoned properties that can now include residential development. Fees collected from Land Value Recapture would then be used to develop affordable housing locally. This could take the form of development subsidies for constructing affordable housing or funding for converting existing units into affordable housing. Additionally, funding could be used to support the South Bay Regional Housing Trust Fund. Contributing to the Housing Trust Fund is another strategy to create affordable housing and is incorporated into the Housing Element as Program 8. The City’s Land Value Recapture regulations were structured to incentivize the construction of affordable housing rather than the payment of the exemption fee. For this reason, the City Council elected to study and ultimately impose a cost greater than originally proposed in the Land Value Recapture analysis prepared by Kosmont Companies (Attachments 5 and 6). In addition to evaluating the equivalent value, the market analysis assessed the market’s tolerance of the LVR fee. The pro forma for the small lot showed a return on investment of approximately 12.3 percent, which was deemed financially viable for a typical developer. As of August 2025, the Housing Element has been certified for a year, and we are in the fifth year of implementation of the 6th Cycle (2021-2029) Housing Element. The city has continued to make progress in developing new housing units, although all new units remain at market rate. To date, no entitlement applications have been submitted on HE Overlay sites that include the development of affordable units or developments necessitating the payment of LVR fees. Page 46 of 150 City of Hermosa Beach | Page 4 of 5 The small lots comprise 24.6 percent of the 558 residential units the city is responsible for planning for during the 2021-2029 Housing Element. RHNA and LVR TIER 1 (“Small Lots”) Income Category Very Low Low Moderate Above Moderate Total RHNA (2021-2029 232 127 106 93 558 LVR Tier 1 (“Small Lots”) 16 27 84 10 137 When the LVR Ordinance was adopted, the City Council and staff recognized the importance of periodically reevaluating it, as numerous factors impact housing production. As the Planning Commission discusses Land Value Recapture and “small lots” ability to support affordable housing, staff recommend that the Planning Commission consider the following possible recommendations to the City Council: A. Recommend the City Council maintain the current regulations without any change and commit to a reevaluation next fall with an updated economic feasibility analysis; B. Recommend the City Council exempt smaller lots, with a minimum density of 1-2 units from any LVR fee;. C. Recommend the City Council direct staff to assess the economic feasibility of and establish additional fee tiers with the small lots category (lots with a minimum density of 4 or fewer units); D. Recommend the City Council direct staff to explore zoning regulations that could encourage development of residential units on “small lots” on the Housing Inventory List; or E. Recommend that the City Council implement a temporary fee reduction for 18 months for any project building to the minimum required density on small lots and promote the program to affected property owners. The Planning Commission may also make an alternative recommendation to those above. Next Steps: Staff will present the recommendation to the City Council as an item for discussion at a future meeting of the City Council. Page 47 of 150 City of Hermosa Beach | Page 5 of 5 Public Notification: No public notification was required for this item. However, an eblast was sent to individuals who have signed up for updates. Attachments: 1. Housing Element (HE) 2021-2029 2. Ordinance 24-1474 3. Housing Community Development Letter Dated August 1, 2024 4. HE Sites Inventory List and Map 5. Land Value Recapture Analysis dated October 2023 6. Land Value Recapture Analysis dated December 2023 Respectfully Submitted by: Alexis Oropeza, Planning Manager Approved: Alison Becker, AICP, Community Development Director Page 48 of 150 CITY OF HERMOSA BEACH HOUSING ELEMENT POLICY PLAN 2021-2029 Adopted December 21, 2021 Re-adopted (with revisions) August 8, 2023 Revisions (January, May, and June 2024) Page 49 of 150 Page 50 of 150 This page intentionally left blank Page 51 of 150 Page 52 of 150 Hermosa Beach 2021-2029 Housing Element Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 i Contents I. Introduction ................................................................................................................................. I-1 A. Purpose of the Housing Element ...................................................................... I-1 B. Scope and Content of the Housing Element .................................................. I-1 C. Public Participation ........................................................................................... I-2 D. Consistency with Other Elements of the General Plan ................................... I-2 II. Housing Policy Plan ................................................................................................................... II-1 A. Housing Element Issues and Policies ............................................................... II-1 B. Housing Programs ............................................................................................. II-4 C. Quantified Objectives .................................................................................... II-19 D. Summary of AFFH Actions .............................................................................. II-19 List of Tables Table II-1 Quantified Objectives 2021-2029 ..................................................................... II-19 Table II-2 Affirmatively Furthering Fair Housing Summary Actions ................................ II-199 Page 53 of 150 Hermosa Beach 2021-2029 Housing Element Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 ii This page intentionally left blank Page 54 of 150 Hermosa Beach 2021-2029 Housing Element I Introduction Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 I-1 I. INTRODUCTION A. Purpose of the Housing Element The Housing Element describes the City’s needs, goals, policies, programs and objectives regarding the preservation, improvement, and development of housing in Hermosa Beach. The Element reflects community housing needs in terms of affordability, availability, adequacy, and accessibility. The Element describes the City’s strategies for addressing housing needs over the 2021-2029 period and identifies specific programs to address those needs. The Housing Element is the City’s official municipal response to the State Legislature’s declaration that adequate housing for all economic segments of the community is a matter of statewide importance that must be addressed by all levels of government. The 2021 Housing Element update provides Hermosa Beach with the opportunity to plan for the existing and future housing needs in the community, and identifies strategies and programs to address those needs. B. Scope and Content of the Housing Element The California Legislature has recognized the role of local general plans and particularly the Housing Element in implementing statewide housing goals to provide decent and adequate housing for all persons. The California Department of Housing and Community Development (HCD) also has adopted detailed guidelines regarding the scope and content of housing elements, including the following major components: • An analysis of demographic and housing characteristics and trends (Technical Report, Chapter I); • An evaluation of resources, including land, financial, and administrative resources, available to address the City’s housing goals (Technical Report, Chapter II); • A review of potential constraints, both governmental and non-governmental, to meeting housing needs (Technical Report, Chapter III); • The Housing Policy Plan addressing the City’s identified housing needs, including housing issues, policies, programs and quantified objectives (Chapter II of this document); • An evaluation of the appropriateness and effectiveness of previous policies and programs in achieving the City’s objectives, and the progress in implementing Housing Element programs (Technical Report, Appendix A); • A parcel-specific inventory of vacant and underutilized suitable sites for additional housing (Technical Report, Appendix B); and • A description of the public participation process during the preparation and adoption of the Housing Element (Technical Report, Appendix C). Page 55 of 150 Hermosa Beach 2021-2029 Housing Element I Introduction Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 I-2 C. Public Participation Public participation is an important component of the planning process, and this update to the Housing Element has provided residents and other interested parties numerous opportunities to be involved in the preparation of the element. Public meetings to discuss housing needs and policy options were conducted by the Planning Commission and City Council, and notices of all meetings were published in advance of each meeting. The draft Housing Element was made available for review at City Hall and posted on the City’s website and was also circulated to housing organizations representing the interests of lower-income persons and those with special housing needs. After receiving comments on the draft Housing Element from the State Housing and Community Development Department, a proposed final Housing Element was prepared and made available for public review prior to review by the Planning Commission and adoption by the City Council. Appendix C provides additional information regarding opportunities for public involvement in the preparation of this Housing Element update, as well as a list of persons and organizations who were invited to participate. D. Consistency with Other Elements of the General Plan The Housing Element must be consistent with other elements of the General Plan, which was last updated in 2017. Housing Element policies and programs are closely correlated with the development policies contained in the Land Use Element, which establishes the location, type, and intensity of land uses throughout the city. The Land Use Element determines the number and type of housing units that can be constructed in the various land use districts. Areas designated for commercial and industrial uses create employment opportunities, which in turn, create demand for housing. The Circulation Element establishes the location and scale of streets, highways and other transportation routes that provide access to residential neighborhoods. Because of the requirement for consistency among the various General Plan elements, the 2021 Housing Element update included a review of other General Plan elements to ensure that consistency is maintained. Government Code Section 65302 also specifically requires that the Safety and Conservation Elements be reviewed concurrent with each Housing Element update. SB 1087 of 2005 requires cities to provide a copy of their Housing Elements to local water and sewer providers, and also requires that these agencies provide priority hookups for developments that include lower-income housing. These agencies have been invited to participate in the Housing Element update process and the Housing Element will be provided to these agencies immediately upon adoption. Page 56 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-1 II. HOUSING POLICY PLAN The purpose of this Housing Policy Plan is to identify policies and programs that will help the City in addressing its housing needs during the 2021-2029 planning period. This section includes the following components: • Section A identifies the housing issues facing Hermosa Beach and establishes guiding policies for addressing those issues; • Section B describe specific program actions the City will take consistent with established policies; • Section C establishes quantified objectives for the construction of new housing, rehabilitation of existing housing in need of repair, and the conservation of existing affordable housing. A. Housing Element Issues and Policies This section establishes the City’s housing policy framework. Section 65583(c) of the California Government Code requires that actions and policies included in the Housing Element address five key issue areas: • The manner in which the City will assist in the conservation of existing housing resources, particularly affordable housing; • The City’s strategy in assisting in the development of new housing opportunities; • How the City intends to provide adequate sites to achieve a variety and diversity of housing types; • How the City proposes to remove governmental constraints that may impact the preservation and development of housing; and, • How the City may help to promote equal housing opportunities. Issue Area 1 - Conservation of Existing Affordable Housing The City’s proximity to the Pacific Ocean and its desirability as a place to live and visit contributes to the high land and housing costs relative to the surrounding region. The City, nevertheless, has been successful in maintaining its more affordable housing through the adoption of ordinances and special land use regulations. The City works proactively to preserve and maintain the existing housing resources in the City, including affordable housing. This commitment is underscored by the policies listed below. Policy 1.1 The City will continue to encourage the maintenance and improvement of the existing housing stock within the local neighborhoods. Policy 1.2 The City will assist in the preservation and enhancement of the housing supply available to senior citizens. Page 57 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-2 Policy 1.3 The City will work to minimize the conversion of existing lower-cost rental housing in multiple-family developments to condominiums. Policy 1.4 The City will investigate potential sources of funding and other incentives that will assist in the preservation and renovation of older housing units. Policy 1.5 The City will continue to implement its current code enforcement procedures as a means to ensure the conservation and maintenance of existing housing resources in the City. Issue Area 2 - New Affordable Housing Development The City’s ability to directly fund the construction of affordable housing is constrained due to budget limitations. In addition, the construction of affordable public housing within the coastal zone would not represent an efficient expenditure of public money, given the high land and development costs. As a result, the City continues to be an active participant in the development of more affordable housing through land use regulations and other incentives. The City of Hermosa Beach will continue to assist in the development of new housing for all income groups through the following policies. Policy 2.1 The City will continue to promote the development of a variety of housing types and styles to meet the existing and projected housing needs of all segments of the community. Policy 2.2 The City will continue to encourage the development of safe, sound, and decent housing to meet the needs of varying income groups. Policy 2.3 The City will continue to implement the land use policy contained in the City’s General Plan, which provides for a wide range of housing types at varying development intensities. Policy 2.4 The City will continue to support and promote home ownership in the community. Policy 2.5 The City will continue to cooperate with other government agencies, citizen groups, and the private sector, in order to assist in meeting the existing and future demand for housing. Policy 2.6 The City will encourage the addition of ADU and JADU units as a strategy to provide new housing units for low- and moderate-income households. Issue Area 3 - Provision of Adequate Sites for New Housing The majority of the city was developed during the early 1900s. More intensive development has continued up to the present time. There are few vacant parcels of land remaining in the city, and the majority of the residential construction that has occurred involved the “recycling” of older structures. Nevertheless, the City of Hermosa Beach will continue to Page 58 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-3 explore potential sites for residential development as a means to achieve a variety and diversity of housing types. Policy 3.1 The City will evaluate new development proposals in light of the community's environmental resources, the capacity of public infrastructure to accommodate the projected demand, and the presence of environmental constraints. Policy 3.2 The City will continue to evaluate the General Plan and zoning to ensure residential development standards are adequate to serve future development. Policy 3.3 The City will continue to review current zoning practices for consistency with the General Plan as a way to facilitate new mixed- use development within or near the commercial districts. Issue Area 4 - Removal of Governmental Constraints to Housing In previous years, the City has been successful in the conservation of housing, especially affordable housing, through the implementation of land use ordinances and regulations. A key component of the City’s housing policy is to assist in the development of more affordable housing with the use of incentives and other measures. The City of Hermosa Beach will remain committed to the removal of governmental constraints through the following policies. Policy 4.1 The City will continue to abide by the provisions of the Permit Streamlining Act as a means to facilitate the timely review of residential development proposals. Policy 4.2 The City will work with prospective developers and property owners to assist in their understanding of the review and development requirements applicable to residential development in the city. Policy 4.3 The City will continue its efforts to educate the community regarding the development standards contained in the City of Hermosa Beach Zoning Ordinance, including the ability to provide ADU and JADU units on residential properties. Policy 4.4 The City will continue to evaluate its Zoning Ordinance and General Plan and remove governmental constraints related to development standards. These may include, but not be limited to, parking requirements, allowing affordable housing on commercial sites, new standards for mixed-use development, lot consolidation incentives, and senior housing requirements. Issue Area 5 - Equal Housing Opportunity Federal and State laws prohibit housing discrimination based on an individual’s race, ethnicity, religion or other characteristics. Enforcement of fair-housing laws generally occurs through the courts, though persons being discriminated against often lack the Page 59 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-4 resources to obtain the necessary legal protections. As a result, alternative means to obtain assistance must be made available. Towards this end, the City will continue to cooperate with other public agencies and non-profit organizations providing assistance in ensuring equal housing opportunities for all. Policy 5.1 The City will continue to provide information and referral services to regional agencies that counsel people on fair housing and landlord- tenant issues. Policy 5.2 The City will continue to cooperate with the County Housing Authority related to the provision of rental assistance to lower- income households. Policy 5.3 The City will continue to cooperate with other cities and agencies in the area in investigating resources available to provide housing for the area's homeless population. Policy 5.4 The City will support the expansion of shelter programs with adjacent cities and local private interests for the temporary accommodation of the homeless population. Issue Area 6 – Sustainable Housing Development The City works to promote sustainability and energy conservation in a number of ways. Plan Hermosa, the City’s General Plan, establishes a blueprint for sustainability and a low- carbon future, and provides a framework within which City regulations, programs, and projects work in unison to ensure that land use, transportation, and other aspects of City operations support sustainable development and energy conservation goals. Specifically for the residential sector of the community, the issue of energy conservation can be addressed at several levels: community-wide land use and transportation planning, building technology in both new construction and rehabilitation or remodeling of existing structures, and through lifestyle options such as walking and cycling. This is further supported by water conservation and sustainable neighborhood design. Policy 6.1 The City will support sustainable residential development through land use planning, building technology and lifestyle options. B. Housing Programs The programs listed below describe the actions the City intends to take to address the policy issues discussed above. The City’s main challenge in accommodating new residential development is its lack of vacant land. As a result, the vast majority of new housing development must occur through the “recycling” of older structures and redevelopment of underutilized parcels. The lack of financial resources, coupled with high land and development costs, will continue to be a constraint to the development of new affordable housing. As a result, the focus of these programs is on strategies to assist the private market in the development of affordable housing. Page 60 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-5 Issue Area 1 - Conservation of Existing Affordable Housing 1. Code Enforcement Program Description: Chapter 8.28 of the Municipal Code provides for the abatement of safety and nuisance conditions relating to private property. To implement this requirement, the Code Enforcement Program emphasizes the following: • The City actively pursues Municipal Code violations on a complaint basis, with particular emphasis being placed on those areas clearly exposed to public view; • All necessary steps are taken to ensure that violations are corrected in an expeditious and voluntary manner; • Where appropriate, property owners are informed of available assistance programs for lower-income persons who may not be able to afford needed improvements or corrections; and • The City utilizes misdemeanor criminal prosecution only when attempts to gain voluntary compliance have failed. The Code Enforcement Program implements those sections of the Municipal Code related to property maintenance, including zoning, property maintenance, illegal units, trash container regulations, construction without permits, and sign regulations. The Code Enforcement Officer assists and makes recommendations to other City departments, such as conducting inspections of business licenses, home occupation offenses, and obstructions in public rights-of-way. Timing: This program is in place and will continue through the planning period. Funding: General Fund. 2. Conservation of Existing Affordable Housing Program Description: This program provides for the ongoing maintenance and conservation of the Marine Land Mobile Home Park located at 531 Pier Avenue. The 60- space park provides housing for extremely-low-, very-low- and low-income households. The Hermosa Court Recreational Vehicle Park with 19 pads at 725 10th Street also provides transitional housing space for those persons or households in transition from an RV to a more permanent home. The City's MHP Zoning District requires Planning Commission approval in order to add or delete spaces in the park, which helps to preserve affordability by discouraging conversion from single- to double-wide spaces. In 2013 the Mobile Home Park received over $111,000 of City funds and $1.2 million through the State’s Mobilehome Park Resident Owner Program (MPROP) and the Marineland Community Association, Inc., the resident association, purchased the park, ensuring the long-term security of this important affordable housing resource. In addition to mobile homes, existing apartments provide an important source of housing at lower cost than ownership housing. To reduce the potential impact of condominium conversions on low- and moderate-income residents of converted condominiums, Page 61 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-6 Chapter 17.22 of the Municipal Code establishes requirements including first right of refusal and relocation assistance for tenants. Timing: • To ensure that the amount of relocation assistance remains sufficient, review and update relocation reimbursement requirements annually should condominium conversion become a trend again in the future. (There has not been any condominium conversion in the City for more than a decade.) Funding: General Fund. Issue Area 2 - New Affordable Housing Development 3. Density Bonus and Other Incentives Program Description: State law requires cities to grant a density bonus and other incentives for qualifying affordable or senior housing developments. Section 17.42.100 of the Zoning Ordinance establishes standards and procedures for implementing State Density Bonus Law. In addition to State requirements, the City has adopted additional incentives that allow increased density when small parcels are combined to create a larger residential building site. State density bonus law has been amended from time to time to encourage the development of affordable and senior housing. The City has been implementing the State density bonus law. To provide clarity and help incentivize affordable housing development, the City will revise its density bonus regulations (Municipal Code Sec. 17.42.100) to comport with current State law. In addition, the City will inform developers and contractors of this incentive program through brochures at the public counter and information posted on the City’s website. Timing: • As part of the comprehensive Zoning Ordinance update, revise the City’s Density Bonus regulations by the end of 2023. • Continue to make information available on the density bonus program through brochures and the City website throughout the planning period. Funding: City General Fund. Page 62 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-7 4. Affordable Housing Development Outreach and Assistance Program Description: This program includes investigation of potential funding sources and administrative support to assist private and non-profit organizations in the development and/or provision of affordable housing. The City will investigate the feasibility of expanding CDBG funding and Section 8 rental vouchers to qualifying households. The Section 8 program is one of the major sources of housing assistance for very-low- and extremely-low- income households. If the City is successful in obtaining increased CDBG funding and/or expanding Section 8 rental vouchers for residents, this information will be posted in the Community Center, on the City’s website, in handouts provided in the information kiosk in the City Hall lobby, and in the local library. Brochures will also be provided to local service clubs including the local “Meals on Wheels” program, local dial-a-ride service, the local recreation center, and emergency shelters in the area. The City will also provide incentives such as priority processing, fee waivers and deferrals, and modified development standards to projects with low- or moderate-income units, and will assist in preparing and processing grant applications for affordable housing projects to support the development of such units. Project sponsors will be encouraged to include units for extremely-low-income households where feasible. As part of the 2021 Housing Element update the City consulted with a variety of housing organizations to identify potential actions the City could take to facilitate the development of affordable housing, including to extremely-low-, very-low- and low-income households. Timing: • Annually pursue funding available to expand affordable housing opportunities in the City, especially housing for special needs populations, including extremely low income households. • Annually contact developers to explore affordable housing opportunities, especially for developers with experience in special needs housing. • As affordable units become available, conduct Affirmative Fair Marketing to agencies and organizations that serve low and moderate income households and special needs populations in the South Bay region. Funding: This program will be financed through the City’s General Fund and grant funds. 5. Facilitate Efficient Use of Sites that Allow High-Density Residential Development Program Description: This program will facilitate affordable housing development on sites that allow high-density residential development including reducing constraints posed by small lot sizes. a. While the City does not rely on small sites to meet its lower income RHNA, the City will continue to facilitate lot consolidation by: • Assisting affordable housing developers in identifying opportunities for lot consolidation using the City’s GIS system and property database; Page 63 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-8 • Continuing to expedite processing for lot consolidations processed concurrently with planning entitlements; • Continuing to provide a graduated density bonus for lower-income housing on small lots consolidated into a single building site according to the following formula (Zoning Ordinance Sec. 17.42.170): Combined Parcel Size Allowable Base Density* Less than 0.50 acre 33 units/acre 0.50 acre to 0.99 acre 34.7 units/acre (5% increase) 1.00 acre or more 36.3 units/acre (10% increase) *Excluding density bonus b. The City will continue to facilitate affordable housing development by: • Facilitating pre-application meetings; • Implementing incentives under the Density Bonus law; • Reducing property development standards (e.g. reduced setbacks, reduced parking standards) for small developments below the threshold of Density Bonus law when affordable units targeted to the elderly or persons with disabilities are provided; • Allowing deferral or waiver of City fees necessary to make the project cost- effective; • Facilitating permit processing so that developers can take advantage of funding opportunities; • Expediting permit processing through concurrent review through the planning and building processes; • Promoting programs on the City’s website and at the Planning Counter and biennially notify affordable housing developers of the City’s housing incentives. Timing: • By the end of 2023, publicize the lot consolidation incentives on the City’s website, at the Planning counter, and by notice to affordable housing providers. • Annually contact developers to communicate the various city incentives available to facilitate affordable housing development. • By the end of 2025, conduct an assessment of the City’s progress in providing affordable housing in the community. If the City is not making meaningful progress in its affordable housing goals, the City will develop additional incentives and strategies to expand affordable housing opportunities by the end of 2026. Additional incentives may include increasing the graduated densities for lot consolidation. Funding: General Fund. Accessory Dwelling Units Page 64 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-9 6. Accessory Dwelling Units Program Description: Accessory dwelling units (ADUs) provide an important source of affordable housing for seniors, young adults, care-givers and other low- and moderate- income segments of the population. In recent years, the State Legislature has adopted extensive changes to ADU law in order to encourage housing production. Among the most significant changes is the requirement for cities to allow one ADU plus one “junior ADU” on single-family residential lots by-right subject to limited development standards. The City further incentivizes ADU development by allowing a second ADU in lieu of the JADU. This flexibility facilitates the development of a range of ADU sizes to accommodate the diverse housing needs in the community. The City will review new legislation each year and update ADU regulations as necessary to ensure conformance with current State law. Timing: • Facilitate the development of 95 ADUs over the eight-year planning period, over the RHNA projection of 64 ADUs. • Monitor legislation and update City ADU regulations as necessary to maintain consistency with State law by the end of 2023. • Provide ADU standards, guidance, and resources on City website by the July 2024. For example, provide links to the California Housing Finance Agency (CalFHA) ADU grant program that provides $40,000 in pre-development funds to qualified homeowners. • By the end of 2025, develop incentives to facilitate the construction of ADUs. Incentives may include pre-approved plans, expedited review, assigned staff or office hours for ADU review and consultation, and/or reduced fees. • By the end of 2025, amend the Zoning Code to allow an additional JADU (beyond current allowance under State and local laws) within the existing square footage of larger homes. A survey of completed homes in the past four years revealed an average primary unit size of 3,500 square feet. The City proposes to allow an additional JADU in primary units over 3,000 square feet on single-family (R-1) lots, only when the additional JADU results in a net additional dwelling unit. The City aims to add 15 additional units using this method between 2026 and 2029. • Monitor the trend of ADU development every other year beginning in 2025. If by 2027, the ADU activities are not trending to meet the Housing Element goal, develop additional incentives (such as pursuing State funds or partnering with nonprofits) by July 2028 to further facilitate ADU development, or to identify replacement sites or rezoning, if necessary, to address any sites capacity shortfalls. • Promote the use of Housing Choice Vouchers for ADUs. Create a Fair Housing Factsheet on landlord responsibility as part of ADU application packet by July 2024. Funding: General Fund and grant funds, if available. Page 65 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-10 7. Land Value Recapture Program Description: When land is rezoned to allow higher-intensity uses, the value of that property typically increases. Land value recapture refers to a policy requiring that a portion of the increased value be dedicated to a public benefit, such as affordable housing. The City adopted the Housing Element on December 21, 2021, including the Land Value Recapture Program as Program 7. This Program was introduced early in the Housing Element discussions and has been a part of the Housing Element update since inception. The Program was carried through to the revised adopted Housing Element on August 8, 2023. The Housing Element indicates that the City will perform a feasibility analysis on the Land Value Recapture Program. The premise of the Land Value Recapture Program is that properties that benefit from zoning actions to allow for residential development increase in value. In the South Bay region where Hermosa Beach is located, there is a decreasing desire to redevelop commercial properties and instead an increased desire to redevelop properties into mixed use or all residential. This desire correlates to property values. The Program levies a fee onto any residential development on properties that benefited from a zoning action that expanded their development ability. However, the property is exempt from the fee if the proposed residential development includes 15% very-low-, 15% low-, or 25% moderate- income units. The City worked with a real estate advisory company to evaluate the economic feasibility of Land Value Recapture. The analysis included sample business proformas indicating that the City’s proposed Land Value Recapture fee did not render development infeasible (i.e., that an acceptable return on investment would be possible), and even further that in some cases, construction affordable units and taking advantage of density bonus provisions amplified the return on investment. Timing: • Conducted feasibility study concurrent with rezoning in 2023 (see Program 9) and begin implementation in 2024. Funding: General Fund and grant funds, if available. 8. Housing Trust Funds Program Description: Housing trust funds are a dedicated source of financial assistance for affordable housing and can be funded through a variety of mechanisms, such as governmental grants, loans, charitable contributions, development fees, and land value recapture requirements (see also Program 7). The City has joined the South Bay Housing Trust Fund managed by the South Bay Council of Governments (SBayCOG). Specifically, the City has contributed SB 2 funds toward the Trust Fund. Timing: Page 66 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-11 • Annually pursue funding to provide for affordable housing, especially funding for special needs populations. As funding permits, continue to participate in the South Bay Housing Trust Fund. Funding: General Fund or grant funds, if available. Issue Area 3 - Provision of Adequate Sites for New Housing 9. Adequate Sites to Accommodate Housing Needs Program Description: State law requires cities to ensure that their land use plans and development regulations identify adequate sites with appropriate zoning to accommodate housing needs assigned through the Regional Housing Needs Assessment (RHNA) process. The City’s RHNA allocation is described in Section I.H of the Housing Element Technical Report, and an analysis of the City’s potential sites for additional housing is presented in Appendix B of the Technical Report. For the 6th cycle RHNA, the City has been allocated a RHNA of 558 units (232 very low, 127 low, 106 moderate, and 93 above moderate income units). With projected ADUs of 64 units over eight years, the City has a remaining RHNA obligation of 494 units (221 very low, 99 low, 102 moderate, and 72 above moderate income units). These units are being accommodated on sites rezoned or amended to allow mixed use and residential uses. At the State default minimum density of 20 units per acre, up to 24.7 acres of rezoning would be required. However, the City proposes to rezone two one-acre city-owned properties at a minimum density of 34 units per acre, and the majority of identified parcels will be rezoned to a minimum density of 25.1 units per acre. Overall, 23.5 acres of rezoning were identified. The sites analysis concluded that amendments to current land use and zoning designations are necessary in order to fully accommodate the RHNA. Specifically, the City identified a number of sites with potential for redevelopment into residential or mixed use residential development. An estimated 302 units can be accommodated on parcels larger than 0.5 acre (151 very low, 76 low, 44 moderate, and 31 above moderate income units). In addition, Sites 1 and 2 (St. Cross), while comprising of multiple parcels, are under common ownership and function as an integral campus. These two sites can accommodate 33 very low and 13 low income units. These large parcels and St. Cross site can accommodate the majority of the City’s remaining lower income RHNA, with 47 units (less than 15 percent) of the remaining lower income units required to be accommodated on consolidated sites. As discussed before, all small sites used for lower income RHNA are contiguous, under common ownership and with no more than two owners. Moderate and above moderate income housing can be developed on small parcels without consolidation. This program describes the actions the City will take to ensure that adequate sites are designated consistent with Government Code Sec. 65583(c)(1)(A) and 65583.2. • The City will process General Plan and zoning amendments, including the required CEQA analysis, for the selected sites. The rezoned sites shall include the following components pursuant to Government Code Sec. 65583.2(i): Page 67 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-12 o Permit owner-occupied and rental multi-family uses by-right for developments in which 20 percent or more of the units are affordable to lower-income households. o Permit the development of at least 16 units per site. o Permit a minimum of 20 dwelling units per acre. o Ensure that either: a) at least 50 percent of the shortfall of low- and very-low- income regional housing need can be accommodated on sites designated for exclusively residential uses; or b) if accommodating more than 50 percent of the low- and very-low-income regional housing need on sites designated for mixed uses, all sites designated for mixed uses must allow 100 percent residential use and require that residential uses occupy at least 50 percent of the floor area in a mixed-use project. • The City will report on the status of this program each year as part of the Annual Progress Report. Timing: • In November 2023, the City completed Zoning map and text amendments to provide adequate sites: o Rezone City-owned properties (Sites 10 and 11) from M-1 and O-S to Public Facilities with an allowable residential density of 34-50 units per acre. o Rezone Sites 1 and 2 (St. Cross Church properties) from R-1/R-2 to R-2A with an allowable residential density of 22-25 units per acre. o Amend Zoning Ordinance to add residential and mixed use development as permitted uses to C-2, C-3, SPA-7, SPA-8, and SPA-11 RHNA sites with an allowable residential density of 25.1-33 units per acre. o Amend Zoning Ordinance to establish a formal procedure to monitor for the No Net Loss of capacity for accommodating the RHNA, pursuant to SB 166. o Amend Zoning Ordinance to establish the replacement housing requirements when redevelopment occurs on RHNA sites where existing units occupied by or deed-restricted for lower income households are demolished. • In November 2023, the City amended the General Plan land use designation for Sites 1 and 2 in the inventory from Low Density to Medium Density Residential. • By the end of July 2024, complete text corrections regarding the rezoning above to ensure compliance with the minimum density of 20 du/ac. • Facilitate affordable housing development on City-owned sites: o Develop and release a Request for Proposal by the end of 2024 to solicit a public/private partnership for affordable housing (including housing for special needs populations). If disposition of site(s) is considered, the City will ensure compliance with the Surplus Land Act. Page 68 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-13 o Complete design work, environmental review and associated approvals by the end of 2025. o Identify affordable housing developer(s) to partner with on affordable housing projects meeting the RHNA allocation of 100 affordable units on the City sites (30 very low, 45 low, and 25 moderate income units) on City-owned sites. o If the City is not successful in pursuing affordable housing on these sites and construction has not started by 2027, the City will pursue alternative actions (such as identifying alternative sites) by the end of 2028. • Beyond the sites required to accommodate the City’s RHNA, the City also embarked on an effort starting in 2022 to introduce residential development along all major commercial corridors. As of November 2023, the City completed the zoning text changes creating mixed use (residential/ commercial) development standards in C-2 and C-3 zones, and allows mixed use/residential only in the newly created the Housing Element Sites Overlay (Sites Inventory sites) with a density range of 25.1 to 33 du/ac. By the end of 2026, the City will create additional mixed use overlays to include other areas in the major commercial corridors, with a minimum density of at least 20 du/ac. The City anticipates this will result in 100 units above the Housing Element Sites Overlay capacity. Funding: General Fund; grant funds. Issue Area 4 - Removal of Governmental Constraints to Housing 10. Housing for Persons with Special Needs Program Description: The Zoning Ordinance encourages the provision of housing for persons with special needs, including regulations and procedures related to group homes, emergency shelters, transitional/supportive housing and persons with disabilities. The City is in the process of updating the Zoning Ordinance. Specific changes to address special needs housing include: • Emergency Shelters: Revise parking standard based on staffing level only. Designate R-3 (Multi-Family Residential) as zone for emergency shelters by right without discretionary review. Expand the definition of emergency shelters to include interim housing options pursuant to State law (AB 2339), including bridge housing, navigation centers, and respite and recuperative care. Review and revise or remove the bed limit based on consultation with service providers. • Transitional and Supportive Housing: These uses are currently permitted in all residential zones as similar uses in the same zones. Revise the Zoning Ordinance to similarly permit transitional and supportive housing in all zones that permit residential uses. Page 69 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-14 • Supportive Housing: Recent changes to State law (AB 2162 of 2018) require that supportive housing (up to 50 units) meeting specific requirements be a use by-right in zones where multi-family and mixed uses are permitted, including non-residential zones permitting multi-family uses. Furthermore, if the development is located within half-mile from transit, no minimum parking can be required. • Residential Care Facilities (for seven or more persons): Revise the CUP review process for large care facilities to an Administrative Permit in all residential zones, with a lower fee, and establish findings for approval that are objective and provide certainty in outcomes similar to other residential uses of the same type in the same zone. • Low Barrier Navigation Center: In 2019 the State Legislature adopted AB 101 establishing requirements related to local regulation of low barrier navigation centers, which are defined as “Housing first, low-barrier, service-enriched shelters focused on moving people into permanent housing that provides temporary living facilities while case managers connect individuals experiencing homelessness to income, public benefits, health services, shelter, and housing.” Revise the Zoning Ordinance to permit low barrier navigation centers meeting specified standards by- right in areas zoned for mixed use and in nonresidential zones permitting multi-family uses. • Reasonable Accommodation: In the October 2023 Zoning Ordinance amendment, the City removed the public hearing requirement for reasonable accommodation requests and required finding relating to traffic and parking impacts. However, the finding relating to neighborhood character remained. In November 2023, the City adopted the Housing Element Zoning Text Amendment and removed the finding regarding neighborhood character to ensure objectivity. (This action is completed.) • Live/Work Housing: The City’s Economic Subcommittee studied the increased need for live/work housing. Develop strategies for providing live/work housing and 15- minute neighborhoods. Timing: • Zoning Code amendments by the end of 2024. • Develop strategies for live/work housing by 2025. Funding: General Fund and grants 11. Streamline Housing Permit Processing Program Description: As part of the comprehensive Zoning Ordinance update the City will evaluate methods to simplify the housing development review process such as eliminating the conditional use permit requirement for multi-family, condominium and mixed-use developments and reviewing the Precise Development Plan (PDP) process including what is reviewed, typical findings and approval procedures by zone and housing type, and impacts as potential constraints on housing supply and affordability. Consistent with new transparency laws, zoning, development standards and fees are posted on the City website. The Zoning Ordinance update will also include revisions to streamline PDP process Page 70 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-15 and develop objective standards to minimize constraints on housing supply and affordability. In addition, the City will establish procedures to process SB 35 projects. Timing: • Zoning Ordinance update by the end of 2023 to: o Streamline the Precise Development Plan review process as discussed in the Housing Element Technical Report. o Develop object standards for project review. • By the end of 2023, establish SB 35 procedures. • Annually update City website to provide current information on zoning, development standards and fees. • By the end of 2024, update Subdivision Ordinance to address CUP requirement for condominium projects. Funding: General Fund and grants. 12. Remove Governmental Constraints Program Description: As part of this Housing Element update, the City has evaluated the effectiveness of its development standards and procedures in facilitating residential and mixed use developments. Specifically, the City’s parking standards for multi-family housing does not support a variety of unit types and sizes. Subsequent to the adoption of the Housing Element, the City will review any Coastal Land Use Plan policies that must be updated and submit to the California Coastal Commission for certification. The timeline will be more apparent once the amendments have been submitted. Timing: • As part of comprehensive Zoning Ordinance update by the end of 2023, revise parking standards to facilitate a variety of unit sizes and types, such as smaller units, senior units, and mixed use developments, and offer alternative options such as shared parking arrangements for mixed use development. (This task has already been completed as part of the October 2023 Zoning Ordinance update. Parking for small units (zero to one-bedroom) has been reduced from two spaces per unit to 1.5 spaces per unit. Transitional and supportive housing, which is usually smaller in size, the parking requirements mirror that of regular residential uses, except when such housing is located within one-half mile of transit. In that case, no parking is required.) By the end of 2024, the City will revise the parking standards to remove the guest parking requirements. The currently adopted parking standards will remain but will be indicated as inclusive of guest parking. • By 2024, submit updated Coastal Land Use Policies to the CCC for certification. Funding: General Fund and grants. Page 71 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-16 Issue Area 5 - Equal Housing Opportunity 13. Affirmatively Furthering Fair Housing Program Description: As a participating city in the Los Angeles County CDBG program, Hermosa Beach has access to services for fair housing outreach, education, and counseling on housing discrimination complaints. The City will continue to advertise the fair housing program through placement of fair housing service brochures at the public counter, at the Senior Center, through the City's newsletter, and on the City website. Apartment owners and managers are provided with current information about fair housing issues, rights and responsibilities. The Apartment Association of Greater Los Angeles conducts seminars on State, Federal and local Fair Housing laws and compliance issues. In addition, the City will: • Ensure that all development applications are considered, reviewed, and approved without prejudice to the proposed residents, contingent on the development application’s compliance with all entitlement requirements. • Accommodate persons with disabilities who seek reasonable waiver or modification of land use controls and/or development standards pursuant to procedures and criteria set forth in the applicable development regulations. • Work with the County to implement the regional Analysis of Impediments to Fair Housing Choice and HUD Consolidated Plan. • Facilitate public education and outreach by posting informational flyers on fair housing and housing resources at public counters, libraries, and on the City’s website and at Senior Center. Expand the City’s outreach efforts to reach a broader audience by: o Advertising housing-related initiatives and programs in newspapers that have broader circulation beyond city limits (such as the Daily Breeze. o Making hard copies of documents to assist the technology challenged. o Expanding notifications to agencies and organizations that serve residents in the South Bay region. • Conduct at least one public meeting annually to discuss housing-related issues. Conduct public meetings at suitable times, accessible to persons with disabilities, and near public transit. The utilizes multi-media platforms to outreach to lower and moderate income populations and persons with special needs. The City partners with community agencies for outreach at community events on weekends and at public locations. For community workshops and meetings, the City offers to the degree possible hybrid attendance depending on the setting. Usually, this includes a minimum of two (2) methods of attendance consisting of in-person and one other method. Resources will be invested to provide interpretation and translation services when requested at public meetings when feasible. • Encourage community and stakeholder engagement during development decisions. Page 72 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-17 • Collaborate with home share programs and promote programs to residents. Home share programs available to South Bay residents include: o Home Share South Bay, a program offered by the South Bay Cities Council of Governments (SBCCOG), is a community solution that matches homeowners with renters seeking affordable housing in the South Bay. o Affordable Living for the Aging (ALA) offers a home share program. ALA screens, matches, and monitors two people to share a home based on living preferences and compatibility. Arrangements may be rent or a combination of rent and daily living support such as cleaning, cooking, or transportation. Timing: This program is ongoing and will continue through the planning period. Funding: General Fund. 14. Neighborhood Improvement Given the City’s compact size, the City’s strategies for AFFH Placed-Based Strategies for neighborhood improvements are focused on ensuring that every area in the City receives systematic investment while also ensuring that every area in the City is connected to amenities, such as services, businesses, and recreation across the City as well as regionally. Certain programs are available for senior and disabled residents as well. Community Development Block Grant (CDBG) The City uses CDBG funds to further mobility across all areas of the City by retrofitting existing intersections for disabled-accessible crosswalks and ramps. Safe Routes to School The City, in concert with the Hermosa Beach City School District, has a Safe Routes to School program. The Program includes educational materials, outreach, and a reporting system to ensure that routes to school are safe. https://www.hermosabeach.gov/our-government/city-departments/police/programs-tips/safe-routes-to-school Aging in Place The City of Hermosa Beach offers a tax rebate and certain exemptions (sewer, lighting assessment, utility user tax) for income-qualified elderly or disabled residents. https://www.hermosabeach.gov/our-government/finance-department/finance- administration/rebates The City offers a House Check program for senior citizens, including those with Alzheimer’s to ensure that these residents are safe. https://www.hermosabeach.gov/our-government/police-department/not-alone-program-alzheimer-checklist-vacation-house- checks Beach Cities Health District (BCHD) has a Care Management Program to ensure senior receive services they need to continue living in their home. BCHD also pairs volunteers up with senior to assist them on errands so they can continue to live in their homes. Page 73 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-18 Maintenance of Property Senior Grant Program – Los Angeles County Development Authority – senior homeowners for $15,000. Examples are livability and age in place, including deferred maintenance repairs. BCHD’s Senior Resources includes assisting seniors with mental health issues that may affect an individual’s ability to maintain and upkeep their home. Capital Improvement Program (CIP) The City’s CIP projects which are under currently construction are focused on public amenities that are used by all residents, including repair of the Municipal Pier, accessible beach routes, sidewalk and accessible curb ramps, and repair of City park restrooms. https://hermosabeach.maps.arcgis.com/apps/Shortlist/index.html?appid=d4 f16ff6c37544a0b8bd0dc0a725452f The City’s 5-year CIP includes repair of a wide variety of public amenities. https://hermosabeach.maps.arcgis.com/apps/Shortlist/index.html?appid=d4f16ff6c3754 4a0b8bd0dc0a725452f Clean-up Events The City benefits from clean-up events through sponsoring and also in partnership with many organizations. The City of Hermosa Beach, Friends of the Parks-Hermosa Beach, the Surfrider Foundation, are some examples. These clean-up events restore public amenities for residents. Recent events headed by the Mayor of Hermosa Beach included a painting of classrooms in a park facility, new landscaping at park facilities, and beach clean-ups. Timing: • Annually during budgeting process, prioritize improvements and services that have the most urgent need. Funding: General Fund and grant funds. Issue Area 6 – Sustainable Housing Development 15. Sustainable Housing Development Program Description: In 2017 the City adopted a comprehensive update to the General Plan (PLAN Hermosa). One of the primary themes of the new General Plan is community sustainability. Chapter 4: Sustainability + Conservation establishes state-of-the-art policies to improve sustainability and energy conservation in residential development. Those policies will continue to guide City decision-making in land use decisions and the development review process. Funding: General Fund. Timing: Throughout the planning period. Page 74 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-19 C. Quantified Objectives Table II-1 describes the City’s quantified objectives for new construction, rehabilitation and conservation during the planning period. Table II-1 Quantified Objectives 2021-2029 Income Category Totals Extremely Low Very Low Low Moderate Above Moderate New construction 116 116 127 106 93 558 Rehabilitation 10 10 Conservation (1) 60 60 1. Mobile homes D. Summary of AFFH Actions The table below summarizes the City’s actions to affirmatively further fair housing. This table supplements the descriptions, actions, and timing for citywide programs with targeted actions for AFFH. Implementation of the housing programs and detailed shown in the table below are both considered commitments of the City of Hermosa Beach. Table II-2 Affirmatively Furthering Fair Housing Summary Actions Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Fair Housing Enforcement and Outreach – High Priority Contributing Factors: Lack of fair housing service records Lack of fair housing testing Lack of monitoring Lack of targeted outreach Program 4: Affordable Housing Development and Outreach Make information available to affordable housing organizations regarding residential development opportunities. Annually Agencies and organizations serving low and moderate income and special needs households in the South Bay region Facilitate the development of 359 lower income units Pursue funding available for affordable housing development. Annually Conduct Affirmative Fair Marketing as affordable housing units become available. As units become available Page 75 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-20 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Program 13: AFFH Facilitate public education and outreach by posting informational flyers on fair housing and housing resources at public counters, libraries, on the City’s website, and social media (FB, Twitter, Instagram, Next Door, and Tik Tok), and paid advertising such as Daily Breeze – engage a more diverse population, especially relying on social media platforms that have a younger audience. Annually Citywide (all highest resource areas) Facilitate the development of 558 units, including 359 lower income units City newsletter (about 8,000 subscribers) Bi-weekly Conduct public meetings to discuss housing-related issues. Conduct meetings at suitable times, accessible to persons with disabilities, and near public transit. Resources will be invested to provide interpretation and translation services when requested at public meetings when feasible. At least once a year Encourage community and stakeholder engagement during development decisions. At least once during development review process Conduct Affirmative Fair Marketing as affordable housing units become available. As units become available Agencies and organizations serving low and moderate income and special needs households in the South Bay region New Opportunities in High Resource Areas – High Priority Contributing Factors: High land, rental, and ownership housing costs Availability of affordable housing Program 3: Density Bonus and Other Incentives Revise Density Bonus provisions and make information available on the density bonus program through brochures and the City website. By the end of 2023 Citywide (all highest resource areas) Facilitate construction of 359 lower income units Program 5: Facilitate Efficient Use of Sites that Allow High-Density Residential Development Facilitate lot consolidation and affordable housing development through implementation of strategies outlined in Program 5. 2021-2029 Multi-family and mixed use zones Promote lot consolidation to facilitate development of 100 multi- family units Page 76 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-21 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Program 6: ADUs Monitor legislation and update City ADU regulations as necessary to maintain consistency with State law. By the end of 2023 Single-family neighborhoods Facilitate construction of 95 ADUs, including 15 additional JADUs Promote the use of Housing Choice Vouchers for AUDs. Create a fair housing factsheet to be included in ADU application. Amend Zoning Code to allow one additional JADU on R-1 lots if the primary unit is at least 3,000 square feet and the additional JADU will result in a net increase in units. By the end of 2025 Program 9: Adequate Sites to Accommodate Housing Needs Complete Zoning map and text amendments to provide adequate sites for RHNA. By the end of 2023 Along commercial corridors Accommodate 100% of the shortfall of sites to accommodate the city’s remaining housing need of 359 units for very low and low income households. Housing Mobility– High Priority Contributing Factors: High land, rental, and ownership housing costs Availability of affordable housing Program 6: ADUs Promote the use of Housing Choice Vouchers for AUDs. Create a fair housing factsheet to be included in ADU application. By the end of 2023 Single-family neighborhoods Facilitate construction of 95 ADUs Amend Zoning Code to allow one additional JADU on R-1 lots if the primary unit is at least 3,000 square feet and the additional JADU will result in a net increase in units. By the end of 2025 Program 9: Adequate Sites to Accommodate Housing Needs By the end of 2026, the City will broaden the overlay to include the remaining sites in the major commercial corridors. The City anticipates this will result in 100 units above the Housing Element Sites Overlay capacity. By the end of 2026 Commercial corridors Facilitate development of 100 units along commercial corridors Page 77 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-22 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Program 10: Housing for Persons with Special Needs Complete zoning code amendments outlined in Program 10 to promote housing for special needs groups. By the end of 2023 City-owned property and along commercial corridors Assist with the construction of 100 units for special needs populations, including 50 units of senior housing on City-owned property Economic Subcommittee studied increased need for live/work – develop strategies for live/work housing, co-working space, and 15-minute neighborhood, etc. By 2025 Along commercial corridors and in light manufacturing areas Facilitate the development of 50 live/work units Program 13: Affirmatively Furthering Fair Housing Facilitate public education and outreach by posting informational flyers on fair housing and housing resources at public counters, libraries, and on the City’s website and at Senior Center. Expand the City’s outreach efforts to reach a broader audience by: o Advertising housing-related initiatives and programs in newspapers that have broader circulation beyond city limits (such as the Daily Breeze. o Making hard copies of documents to assist the technology challenged. o Expanding notifications to agencies and organizations that serve residents in the South Bay region. By the end of 2024 Single-family neighborhoods Provide referrals to services to 20 households, with the goal of reaching a broader population via other media platforms. Page 78 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-23 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Collaborate with home share programs and promote programs to residents. Home share programs available to South Bay residents include: o Home Share South Bay, a program offered by the South Bay Cities Council of Governments (SBCCOG), is a community solution that matches homeowners with renters seeking affordable housing in the South Bay. o Affordable Living for the Aging (ALA) offers a home share program. ALA screens, matches, and monitors two people to share a home based on living preferences and compatibility. Arrangements may be rent or a combination of rent and daily living support such as cleaning, cooking, or transportation. Program 14: Neighborhood Improvements Pursue community development activities and neighborhood improvements: • CDBG mobility access improvements at crosswalks and ramps • Safe routes to school Annually during budgeting process Area with lower median household income and along commercial corridors and manufacturing areas where future housing is expected Pursue 16 improvement projects AFFH: Affirmative Marketing Require the project develops of affordable housing projects or projects with affordable units to implement an Affirmative Fair Marketing Plan to outreach to a diverse population, extending outreach to nearby communities in the South Bay, especially to workers in the City who do not live in the City. These affirmative marketing materials will include contact information for housing service providers (such as the home share programs) and non- profit housing organizations that serve lower income tenants in the surrounding region. As affordable units are developed South Bay Achieve 30% of future occupants of affordable units from outside Hermosa Beach, including those who work but do not live in the City Page 79 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-24 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Develop materials for Hermosa Beach residents who may be seeking tenants for their ADUs, which will be provided to ADU applicants at the time they apply for a building permit or ADU permit. These affirmative marketing materials will include contact information for housing service providers (such as the home share programs) and non- profit housing organizations that serve lower-income tenants in the surrounding region. Interested residents can use these materials to find prospective tenants in a larger market area beyond city limits, including residents of all races, ethnicities, ages, and abilities By December 2025 Single-family neighborhoods and high resource areas (citywide) Achieve 30% of future ADU occupants from outside Hermosa Beach, including those who work but do not live in the City Housing Mobility Monitoring Annually review overall progress and effectiveness in April and include information in annual report to HCD. If the City is not on track to meet its housing mobility goals by 2027, the City will consider alternative land use strategies and make necessary amendments to zoning or other land use documents to facilitate a variety of housing choices, including but not limited to, strategies that encourage missing middle zoning (small-scale multi- unit projects up to four-plexes), adaptive reuse, within six months, if sufficient progress toward this quantified objective is not being met. Annually in April Citywide 95 ADUs/JADUs (including 15 additional JADUs) Home match for 20 households Page 80 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-25 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric Place-Based Strategies for Neighborhood Improvement – Medium Priority Contributing Factors: Unaffordable rental prices Availability of affordable housing Private discrimination Program 14: Neighborhood Improvements Pursue community development activities and neighborhood improvements: • Aging in place services, including tax rebates and exemptions for assessments • Promote property maintenance assistance, such as LACDA senior repair grants • Capital improvements for neighborhood amenities Annually during budgeting process Area with lower median household income and along commercial corridors and manufacturing areas where future housing is expected Provide 20 tax exemptions for seniors and disabled households Conduct 8 neighborhood cleanup events Tenant Protection and Anti-Displacement– High Priority Contributing Factors: Lack of fair housing service records Lack of fair housing testing Lack of monitoring Lack of targeted outreach Program 2: Conservation of Existing Affordable Housing Review and update relocation reimbursement requirements for relocation assistance. Annually Citywide 100% of displaced households compensated. Program 8: Housing Trust Funds Annually pursue funding to provide for affordable housing and as funding permits, continue participation in the South Bay Housing Trust Fund Annually South Bay Region Contribute to the development of 5 affordable housing units in the region. Page 81 of 150 Housing Policy Plan – CERTIFIED August 1, 2024 Adopted December 21, 2021/ August 8, 2023 Revised January, May, June 2024 II-26 Program Specific Commitment Timeline Geographic Targeting Eight-Year Metric AFFH: Homelessness Plan Continue to implement the City’s Homelessness Plan, including outreach for persons experiencing homelessness: • PATH provides dedicated outreach teams for homeless assistance, and also connects individuals with medical and mental healthcare, interim housing, veteran services, employment services and providing benefits enrollment and advocacy. • Through PATH, the City has an Outreach Hotline. • The LA County MET performs outreach and assessments on individuals with mental health needs, and provides linkages to services. • City staff meets quarterly with regional outreach representatives from PATH and Harbor Interfaith Services to share relevant information, assess service connections made, and identify community “hot spots” where additional attention is needed. • In partnership with SBCCOG, facilitate landlord outreach/education regarding opportunities for housing individuals at- risk of homelessness Ongoing Citywide with emphasis on southwest section of the City Assist 10 persons experiencing homelessness through outreach efforts annually. Utilize local funds outlined in the Homelessness Plan to support response efforts and special circumstances. This fund can cover items such as miscellaneous services and materials, motel vouchers, transit vouchers, laundry services, hygiene products, etc. Ongoing Citywide with emphasis on southwest section of the City Assist five persons experiencing homelessness annually. Page 82 of 150 Page 1 of 4 ORD NO. ORD-24-1474 CITY OF HERMOSA BEACH ORDINANCE NO. ORD-24-1474 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, AMENDING THE HERMOSA BEACH MUNICIPAL CODE TO IMPLEMENT THE LAND VALUE RECAPTURE PROGRAM FOR AFFORDABLE HOUSING AND DETERMINE PURSUANT TO THE CALIFORNIA ENVIRONMENTAL QUALITY ACT THAT THE PROJECT IS CONSISTENT WITH THE PLAN HERMOSA ENVIRONMENTAL IMPACT REPORT THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Section 17.39.050 (Land Value Recapture for Affordable Housing) is hereby added to Title 17 (Zoning) of the Hermosa Beach Municipal Code to read as follows: 17.39.50 Land Value Recapture for Affordable Housing A.Sites designated as (--HE) that have underlying non-residential zones are subject to the City’s Land Value Recapture Program for Affordable Housing, as follows: 1.Proposed projects that are entirely non-residential are exempt. 2.Projects on sites with a Sites Inventory capacity are subject to the Land Value Recapture Program fee, as follows: a.For sites on the Sites Inventory with a capacity of 5 or more units: 1.Projects proposing a minimum of 15% very-low income units, 15% low-income units, or 25% moderate income units, or combination thereof, (calculated from base density) shall be exempt from the fee; 2.Projects proposing a portion of the above affordability requirements shall be subject to the corresponding proportional amount of the fee. 3.Projects not proposing any affordable units shall be subject to the Tier 2 fee. b.For sites on the Sites Inventory with a capacity of 1 to 4 dwelling units: 1.Projects constructing to minimum density and proposing at least 1 affordable unit (very low, low, or moderate) are exempt from the fee. 2.Projects not proposing any affordable units shall be subject to the Tier 1 fee. DocuSign Envelope ID: EA241598-E47F-4FBE-A60C-B46E38E77E4B Page 83 of 150 Page 2 of 4 ORD NO. ORD-24-1474 B.The fee amounts for the Land Value Recapture Program for Affordable Housing shall be set by City Council resolution. SECTION 2. Section 17.42.100(A)(3) of Title 17 (Zoning) of the Hermosa Beach Municipal Code is hereby amended as follows: 2.Compatibility. All affordable housing units shall be dispersed within market-rate projects. Affordable housing units within market-rate projects shall be comparable with the size and bedroom count, design, and use of market-rate units in appearance, use of materials, and finished quality. The design and appearance of the affordable housing units shall be compatible with the design of the total housing development and consistent with the surrounding neighborhood. Forms, materials and proportions that are compatible with the character of the surroundings shall be used. SECTION 3. Section 17.42.100(B)(2) of Title 17 (Zoning) of the Hermosa Beach Municipal Code is hereby amended as follows: 2.Applicability. The provisions of subsection (B)(1) of this section shall be applicable to residential projects of five (5) or more units, and senior citizen housing developments of at least thirty-five (35) units. Additionally, projects proposing a percentage of moderate-income rental units equivalent to the percentage of for-sale moderate income units may utilize the corresponding density bonus allowance specified in Government Code Section 65915. SECTION 4. Land Value Recapture Program. Regarding proposed Section 17.39.050, the City makes the following findings: 1.The City’s 2021-2029 Housing Element Sites Inventory identifies sites that may be used to meet the City’s Regional Housing Needs Assessment (RHNA) allocation. The City’s RHNA allocation consists of over 60 percent of units in the very low- and low-income categories. 2.Due to lack of available residentially zoned land, most of the sites in the Sites Inventory are on non-residentially zoned sites. 3.The City must amend the zoning in order to allow for residential or mixed-use development on non-residentially zoned sites. 4.The City’s Housing Element includes strategies to facilitate the creation of affordable housing, including very low-, low-, and moderate-income units. 5.There are currently no affordable housing units in the City. DocuSign Envelope ID: EA241598-E47F-4FBE-A60C-B46E38E77E4B Page 84 of 150 Page 3 of 4 ORD NO. ORD-24-1474 6.As a part of the rezoning effort, the City wishes to capture land value associated with the zoning amendments which enable residential development on non-residentially zoned sites. 7.In accordance with California Government Code 66001, the City Council finds: a.The purpose of the fee (if applicable) is to create much needed affordable residential units in the City. b.Any fees paid would be to fund the creation of affordable residential units and any associated services required by those units (open space, residential amenities, etc). c.The amount of the fee is calculated to be the equivalent cost of creating affordable residential units on-site, on non- residentially zoned properties that now have the ability to include residential development. There is a reasonable relationship to requiring properties that can now include residential development (and may be the bulk of the new residential units coming online in the City) to offset the lack of affordable units in each project with the fee. d.The City has an established need for affordable housing, as supported by the adopted 2021-2029 Housing Element. SECTION 5. Severability. If any section, subsection, subdivision, sentence, clause, phrase, or portion of this ordinance is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision will not affect the validity of the remainder of this ordinance. The City Council hereby declares that it would have adopted this ordinance, and each and every section, subsection, subdivision, sentence, clause, phrase, or portion thereof, irrespective of the fact that any one or more sections, subsections, subdivisions, sentences, clauses, phrases, or portions thereof is declared invalid or unconstitutional. SECTION 6. Effective Date. This Ordinance shall take effect thirty (30) days after its passage and adoption pursuant to California Government Code section 36937, or upon certification of the City’s 2021–2029 Housing Element (6th Cycle) by the California Department of Housing and Community Development, whichever is later. SECTION 7. Certification. The City Clerk is directed to certify the passage and adoption of this Ordinance; cause it to be entered into the City’s book of original ordinances; make a note of the passage and adoption in the records of DocuSign Envelope ID: EA241598-E47F-4FBE-A60C-B46E38E77E4B Page 85 of 150 Page 4 of 4 ORD NO. ORD-24-1474 this meeting; and, within fifteen (15) days after the passage and adoption of this Ordinance, cause it to be published or posted in accordance with California law. PASSED, APPROVED and ADOPTED on this 23rd day of January, 2024. Mayor Justin Massey PRESIDENT of the City Council and MAYOR of the City of Hermosa Beach, CA ATTEST: APPROVED AS TO FORM: ________________________________ ________________________________ Myra Maravilla, Patrick Donegan, City Clerk City Attorney DocuSign Envelope ID: EA241598-E47F-4FBE-A60C-B46E38E77E4B Page 86 of 150 Intro: 12/12/2023 Adopt: 1/23/2024 ss State of California ) County of Los Angeles ) City of Hermosa Beach ) March 4, 2024 Certification of Council Action ORDINANCE NO. ORD-24-1474 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, AMENDING THE HERMOSA BEACH MUNICIPAL CODE TO IMPLEMENT THE LAND VALUE RECAPTURE PROGRAM FOR AFFORDABLE HOUSING AND DETERMINE PURSUANT TO THE CALIFORNIA ENVIRONMENTAL QUALITY ACT THAT THE PROJECT IS CONSISTENT WITH THE PLAN HERMOSA ENVIRONMENTAL IMPACT REPORT I, Myra Maravilla, City Clerk of the City of Hermosa Beach, California, do hereby certify that the above and foregoing Ordinance No. ORD-24-1474 was duly approved and adopted by the City Council of said City at its regular meeting thereof held on the 23rd day of January 2024 and passed by the following vote: AYES: MAYOR MASSEY, MAYOR PRO TEM FRANCOIS, and COUNCILMEMBERS SAEMANN, DETOY, AND JACKSON NOES: NONE ABSTAIN: NONE ABSENT: NONE _____________________________ Myra Maravilla, City Clerk DocuSign Envelope ID: EA241598-E47F-4FBE-A60C-B46E38E77E4B Page 87 of 150 STATE OF CALIFORNIA - BUSINESS, CONSUMER SERVICES AND HOUSING AGENCY GAVIN NEWSOM, Governor DEPARTMENT OF HOUSING AND COMMUNITY DEVELOPMENT DIVISION OF HOUSING POLICY DEVELOPMENT 651 Bannon St, Suite 400 Sacramento, CA 95811 (916) 263-2911 / FAX (916) 263-7453 www.hcd.ca.gov August 1, 2024 Suja Lowenthal, City Manager City of Hermosa Beach 1315 Valley Drive Hermosa Beach, CA 90254 Dear Suja Lowenthal: RE: City of Hermosa Beach’s 6th Cycle (2021-2029) Adopted Housing Element Thank you for submitting the City of Hermosa Beach’s Ordinance Number ORD-24-1481 (Ordinance) that was adopted July 23, 2024 and received on July 30, 2024. Pursuant to Government Code section 65585, the California Department of Housing and Community Development (HCD) is reporting the results of its review. HCD is pleased to find the City has completed actions to address the requirements that were described in HCD’s July 12, 2024 review. The Ordinance was found to be substantially the same as the draft amendments HCD’s July 12, 2024 review determined met statutory requirements. As a result, the adopted element now substantially complies with State Housing Element Law (Gov. Code, § 65580 et seq) as of the date of this letter. Additionally, the City must continue timely and effective implementation of all programs including but not limited to the following: • Program 3 (Density Bonus and Other Incentives) • Program 4 (Affordable Housing Development Outreach and Assistance) • Program 5 (Facilitate Use of Sites that Allow High Density Development) • Program 6 (Accessory Dwelling Units) • Program 7 (Land Value Recapture) • Program 9 (Adequate Sites to Accommodate Housing Needs) • Program 10 (Housing for Persons with Special Needs) • Program 11 (Streamline Housing Permit Processing) • Program 12 (Remove Governmental Constraints) • Program 13 (Affirmatively Further Fair Housing) • Program 14 (Neighborhood Improvement) Page 88 of 150 Suja Lowenthal, City Manager Page 2 The City must monitor and report on the results of these and other programs through the annual progress report, required pursuant to Government Code section 65400. Please be aware, Government Code section 65585, subdivision (i) grants HCD authority to review any action or failure to act by a local government that it determines is inconsistent with an adopted housing element or housing element law. This includes failure to implement program actions included in the housing element. HCD may revoke housing element compliance if the local government’s actions do not comply with state law. In addition, as part of Program 7 (Land Value Recapture), the City should monitor the effectiveness of the Program in facilitating development, including development affordable to lower and moderate-income households and impacts on financial feasibility of development. The City should monitor effectiveness at least every other year and make adjustments as appropriate to achieve the goals and objectives of the housing element, including addressing governmental constraints. Several federal, state, and regional funding programs consider housing element compliance as an eligibility or ranking criteria. For example, the CalTrans Senate Bill (SB) 1 Sustainable Communities grant, the Affordable Housing and Sustainable Communities program, and HCD’s Permanent Local Housing Allocation consider housing element compliance and/or annual reporting requirements pursuant to Government Code section 65400. With a compliant housing element, the City now meets housing element requirements for these and other funding sources. HCD appreciates the efforts and cooperation provided throughout both the housing element update and ordinance adoption processes. HCD wishes the City success in implementing its housing element and looks forward to following its progress through the General plan annual progress reports required pursuant to Government Code section 65400. If HCD can provide assistance in implementing the housing element, please contact Hilda Boyadjian, of our staff, at Hilda.Boyadjian@hcd.ca.gov. Sincerely, Paul McDougall Senior Program Manager Page 89 of 150 Kosmont Companies Mailing Address: 1601 N. Sepulveda Blvd., #382 (424) 297-1070 Physical Address: 2301 Rosecrans Ave, Ste. 4140 Manhattan Beach, CA 90266 www.kosmont.com El Segundo, CA 90245 October 5, 2023 Carrie Tai Director Community Development City of Hermosa Beach 1315 Valley Drive Hermosa Beach, CA 90254 Re: City of Hermosa Beach Land Value Recapture – Summary of Methodology Dear Ms. Tai, The City of Hermosa Beach (“City”) retained Kosmont Companies (“Kosmont”) to evaluate potential provisions of the City’s proposed Land Value Recapture (“LVR”) program. The LVR program is intended to “capture” added land value on properties within certain commercial corridors on which the City is allowing residential development through rezoning actions. The LVR program is intended to incentivize the development of affordable housing within the City. To ensure that new developments result in production of affordable housing units in the City, the City proposes to levy this fee. Developments may be exempted from the fee if they include affordable housing. Fees paid would support the development of affordable housing units elsewhere in the City. The summary of methodology herein (“Summary”) highlights pertinent assumptions utilized in evaluating the potential number of affordable units to be required within a residential development in order to be exempt from the fee, as well as the potential amount of the fee that the City may desire to initially levy under the LVR program. As summarized herein, Kosmont’s analysis (“Analysis”) generally indicates that requiring residential projects to include a set aside of 10% very low-income, 15% low-income, 20% moderate-income units, or alternatively, pay a fee of approximately $60 per net residential square foot may be justifiable for the initial implementation of the LVR program. It is expected that the City will need to regularly revisit the amount of the fee, and potentially the exemption set-aside requirements, as fundamental inputs to the Analysis highlighted in this Summary will change over time. The figures presented in this Summary are based on an evaluation of the potential impact to value of requiring the various percentages of affordable housing in a given multifamily (rental) development versus an exclusively market rate development. The impact of requiring affordable housing as part of a for sale development is generally considered to be greater than the figures presented herein. Given current real estate market conditions, it is expected that the developer of a for sale project would likely opt to pay the fee rather than include affordable housing in such development. However, each development has unique economics. Page 90 of 150 City of Hermosa Beach Land Value Recapture Analysis – Summary of Methodology October 5, 2023 Kosmont Companies 2 | Page (424) 297-1070 www.kosmont.com The assumptions presented in this Summary represent one of many potential development scenarios evaluated as part of the Analysis completed, though could generally be considered a baseline set of assumptions. Finally, the assumptions herein are based on a review and modeling of inputs including real estate market conditions specific to the City, current affordable housing guidelines in the State of California (“State”), Los Angeles County Development Authority (“LACDA”) guidance on monthly housing expenditures for utilities, and the potential relationship between the LVR program and State Density Bonus Law (Government Code § 65915 – 65918). Summary of Baseline Assumptions & Methodology 1. Maximum Housing Expenditures (Multifamily / For Rent) Maximum monthly affordable housing expenditures were calculated based on Health & Safety Code § 50053 which provides that very low-, low-, and moderate-income households shall not expend more than 30% of 50%, 60%, and 110% of the area median income (“AMI”) on housing, respectively. The AMI for Los Angeles County as published by the California Department of Housing and Community Development (“HCD”) is $98,200 for 2023. The calculated amounts were adjusted for unit sizes (bedrooms) and household size (persons) based on HCD guidance. To determine the maximum amount of monthly rent as a share of total housing expenditures, allowances for utilities as published by LACDA for the 2023 all electric schedule were deducted from the calculated amounts. The household size assumptions and utility allowances follow below. Based on these factors, the maximum monthly rent for very low-, low-, and moderate-income households was calculated to be the amounts below. 2. Market Unit Size, Distribution, & Rent Based on a review of data from sources including CoStar, Zillow, and the Los Angeles County Office of the Assessor, assumptions on the square footage of units of different sizes (bedrooms), Studio 1 2 3 Household Size (Persons)1 2 3 4 Household Size Adjustment 70%80%90%100% Monthly Utility Allowance 193$ 227$ 262$ 309$ Bedrooms Studio 1 2 3 Very Low 666$ 755$ 843$ 919$ Low 838 951 1,064 1,164 Moderate 1,697 1,933 2,168 2,392 BedroomsMaximum Monthly Rent Page 91 of 150 City of Hermosa Beach Land Value Recapture Analysis – Summary of Methodology October 5, 2023 Kosmont Companies 3 | Page (424) 297-1070 www.kosmont.com the ratio of unit sizes, and market rents were developed. A summary of these assumptions follows below. For reference, monthly market rents are based on rates of $4.75 / $4.50 / $4.00 / $3.75 per square foot for studio / one-bedroom / two-bedroom / three-bedroom units, respectively, and are considered moderately conservative relative to general market comparables in the City. 3. State Density Bonus Provisions Density Bonus Law allows residential developments that include income restricted units to develop more units than may otherwise be provided under City code. The increase in total units allowed is based on the percentage and depth of affordability provided. The contemplated LVR program requirement of 10% very low-, 15% low-, or 20% moderate-income units would entitle a developer to increase the total number of units in a development by 32.5%, 27.5%, and 15.0%, respectively. Density Bonus Law applies to developments with five or more units, includes a roundup provision on calculations, and provides for other concessions by right including increases in height, and reductions in setback requirements. As an example, assuming a 100-unit residential development, if 10 units were restricted to very low-income households, a total of 133 units could be developed; if 15 units were restricted to low- income households, a total of 128 units could be developed; and if 20 units were restricted to moderate-income households, a total of 115 units could be developed. The calculations in this Summary assume that a development including enough affordable units to be exempt from the LVR fee would utilize the benefits of Density Bonus Law. 4. Impact on Rental Revenue Despite the accretive provisions of Density Bonus Law, the inclusion of affordable units within a residential development was generally found to have a negative impact on overall rental revenue. It is assumed that market and affordable units will have similar operating costs. The overall impact to blended gross rent is provided below. For reference, the figures are compared to assumed market rents illustrated above, and blended figures are weighted averages based on unit bedroom count distributions / ratios identified in Section 2 above. As an example, this calculation provides that a 115-unit residential development that included 20 units restricted to moderate income households with 15% studio / 45% one-bedroom / 35% two-bedroom / 5% three-bedroom units would realize an average reduction in gross revenue of $226 for each of the 115 units, each month. Studio 1 2 3 Ratio 15%45%35%5% Square Feet 475 700 950 1,150 Market Rent 2,256$ 3,150$ 3,800$ 4,313$ Bedrooms Page 92 of 150 City of Hermosa Beach Land Value Recapture Analysis – Summary of Methodology October 5, 2023 Kosmont Companies 4 | Page (424) 297-1070 www.kosmont.com 5. Capitalized Value Multifamily real estate is generally valued based on capitalization (“cap”) rates that convert net annual rental income to a present value. Cap rates represent the initial rate of return on the total cost of project investment. Cap rates in the City are generally lower than other regional markets, indicating that investors are willing to pay more for properties in the City than they would for another property with the same income stream in an inferior market with more perceived risk. In this step of the Analysis, the impact of the inclusion of affordable housing units within a given development was evaluated on a present value basis utilizing a hypothetical 4.5% cap rate. This rate is higher than recent multifamily property transactions in the City, however is thought to be reasonable on a forward-looking basis as cap rates are increasing due to increases in interest rates and required rates of return. For reference, a lower assumed cap rate would increase the value impact per square foot discussed in Section 6 below. Note: The value / cost impacts illustrated above are based on a 133-, 128-, and 115-unit development that included 10% very low-, 15% low-, or 20% moderate-income units, respectively. 6. Value Impact Per Square Foot The final step of this method of evaluation is to consider the impact to value on a per square foot basis. The total leasable square footage, and impact to value on a per square foot basis are illustrated below. These figures reflect the unit square footages identified in Section 2 above, and the total unit counts identified in Section 3 above (e.g., a 133-, 128, and 115-unit development). Average Rent Studio 1 2 3 Blended Very Low 2,137$ 2,970$ 3,578$ 4,057$ 3,112$ Low 2,090 2,892 3,479 3,944 3,030 Moderate 2,159 2,938 3,516 3,978 3,076 Delta From Market Studio 1 2 3 Blended Very Low 120$ 180$ 222$ 255$ 190$ Low 166 258 321 369 272 Moderate 97 212 284 334 226 Bedrooms Bedrooms Studio 1 2 3 Blended Very Low 4,200,000$ 6,400,000$ 7,900,000$ 9,100,000$ 6,700,000$ Low 5,700,000 8,800,000 10,900,000 12,600,000 9,300,000 Moderate 3,000,000 6,500,000 8,700,000 10,200,000 6,900,000 BedroomsCapitalized Impact to Value Page 93 of 150 City of Hermosa Beach Land Value Recapture Analysis – Summary of Methodology October 5, 2023 Kosmont Companies 5 | Page (424) 297-1070 www.kosmont.com Based on the blended rates in the table above, and given the assumptions identified herein, levying a fee of $66 – 94 per net (leasable) square foot of residential development would conceptually be considered economically equivalent to a developer as delivering affordable housing as part of a given development. Findings Based on the information presented in this Summary, a LVR fee of approximately $66 – 94 per net square foot of residential development is appropriate given a requirement for the inclusion of 10% very low-, 15% low-, or 20% moderate-income units as part of a residential development on eligible commercial properties in the City. In light of current real estate market conditions, and the infancy of the LVR program, Kosmont finds a fee of approximately $60 per net square foot of residential development is justifiable as an initial rate. The City should plan on revisiting the fee based both on the market response relative to the intent of the LVR program, and as the inputs to the calculation illustrated herein change over time. Kosmont is available to further discuss its findings as desired at your convenience. Yours truly, Wil Soholt Senior Vice President Studio 1 2 3 Blended Very Low 63,175 93,100 126,350 152,950 103,241 Low 60,800 89,600 121,600 147,200 99,360 Moderate 54,625 80,500 109,250 132,250 89,269 Studio 1 2 3 Blended Very Low 67$ 69$ 62$ 59$ 66$ Low 93 98 90 86 94 Moderate 55 81 80 77 76 Gross Leasable SF Value Impact / SF Bedrooms Bedrooms Page 94 of 150 LAND VALUE RECAPTURE ANALYSIS HERMOSA BEACH, CA December 2023 Prepared By: KOSMONT COMPANIES 1601 N. Sepulveda Blvd. #382 Manhattan Beach, CA 90266 Telephone: (424) 297-1070 www.kosmont.com Page 95 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS Table of Contents 1.0 Background & Summary ................................................................................................. 3 2.0 Fee Equivalency ............................................................................................................. 4 2.1 Maximum Monthly Housing Expenditures (Multifamily / For Rent) ................................ 4 2.2 Market Unit Size, Distribution, & Rent .......................................................................... 5 2.3 State Density Bonus Provisions ................................................................................... 5 2.4 Impact on Rental Revenue ........................................................................................... 6 2.5 Capitalized Value ......................................................................................................... 7 2.6 Value Impact Per Square Foot ..................................................................................... 7 2.7 For Sale Developments ............................................................................................... 8 3.0 Market Capacity ............................................................................................................. 9 3.1 Incremental Value ........................................................................................................ 9 4.0 Hypothetical Development Program Pro Forma .............................................................11 5.0 Appendices ...................................................................................................................21 Appendix A: Calculation of Maximum Monthly Housing Expenditures / Rent .........................22 Appendix B: Sample Rent & Unit Size Comparables .............................................................23 Appendix C: Estimated Value Impact Per Square Foot for Different Unit Counts ...................25 Appendix D: Estimated Value Impact Per Square Foot for One to Four Units ........................26 Appendix E: Hypothetical Development Pro Forma ...............................................................27 Index of Tables & Figures Table 1: Household Size, Income Adjustment, & Monthly Utility Allowance Assumptions .......... 4 Table 2: Estimated Maximum Monthly Rent for Very Low-, Low-, and Moderate-Income Households ................................................................................................................................ 5 Table 3: Assumed Unit Size & Distribution, Market Rent ............................................................ 5 Table 4: Average Rent (Including Income Restricted Units) ....................................................... 6 Table 5: Delta Between Market & Average Rent ........................................................................ 7 Table 6: Estimated Capitalized Impact to Value of Including Income Restricted Units ................ 7 Table 7: Gross Leasable Square Feet ........................................................................................ 8 Table 8: Value Impact Per Square Foot ..................................................................................... 8 Figure 1: Hypothetical Small Site Pro Forma – Market Rate Project (LVR Fee Paid) ................12 Figure 2: Hypothetical Medium Site Pro Forma – Market Rate Project (LVR Fee Paid) .............13 Figure 3: Hypothetical Medium Site Pro Forma – Project w/ Very Low-Income Unit(s) ..............14 Figure 4: Hypothetical Medium Site Pro Forma – Project w/ Moderate-Income Unit(s)..............15 Figure 5: Hypothetical Medium Site Pro Forma –Very Low- & Moderate-Income Unit(s) ...........16 Figure 6: Hypothetical Large Site Pro Forma – Market Rate Project (LVR Fee Paid) ................17 Figure 7: Hypothetical Large Site Pro Forma – Project w/ Very Low-Income Unit(s) .................18 Figure 8: Hypothetical Large Site Pro Forma – Project w/ Moderate-Income Unit(s) .................19 Figure 9: Hypothetical Large Site Pro Forma – Very Low- & Moderate-Income Unit(s) .............20 Page 96 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 3 1.0 Background & Summary The City of Hermosa Beach (“City”) retained Kosmont Companies (“Kosmont”) to evaluate potential provisions of the City’s proposed Land Value Recapture (“LVR”) program. The LVR program seeks to retain portions of land value added to properties within certain commercial corridors on which the City may allow residential development through rezoning actions. The LVR program is intended to produce affordable housing within the City. Under the LVR program, developments would pay a fee to support the development of affordable housing units elsewhere in the City or alternatively, include affordable housing within the project. This document (“Analysis”) summarizes the analysis completed in evaluating potential LVR program elements and includes three primary elements: (i) an analysis of the estimated equivalency of the fee versus the economics of including affordable units in a given project, (ii) a discussion of the proposed fee amounts and ability of the market to support the same, and (iii) order of magnitude pro forma for hypothetical developments illustrating the potential economics of the LVR program. Pursuant to guidance from the City Council and City leadership, the LVR program evaluated herein is framed around a requirement that residential projects include a set-aside of (i) 15% very low-income units, (ii) 15% low-income units, (iii) 25% moderate-income units, or alternatively (iv), pay a fee of approximately $76 per net residential square foot for project with four or fewer dwelling units, or approximately $104 for developments with five or more dwelling units. While every development is relatively unique, pursuant to the Analysis highlighted herein, these potential fee amounts are generally thought to be sufficient to induce some projects to include affordable housing units as part of a given development. Some projects would also be expected to elect to pay the fee rather than include affordable units. Additionally, the fee appears low enough so as not to obstruct the development of residential uses in newly eligible areas of the City. Finally, it is expected that the City will need to regularly revisit the amount of the fee, and potentially the exemption set-aside requirements, as fundamental inputs and calculations highlighted in this Analysis will change over time. Page 97 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 4 2.0 Fee Equivalency The first element of the Analysis summarized herein is the calculation of the general economic equivalency of including a prescribed percentage and depth of (very low-, low-, or moderate- income) affordable housing within a given development versus a set fee. This calculation is not an evaluation of what the market can bear, but rather an estimate of the effective cost of requiring a development to restrict units to 15% very low-, 15% low-, or 25% moderate-income households. The assumptions presented in this section represent one of multiple potential development scenarios evaluated as part of the Analysis completed, though could generally be considered a baseline set of assumptions. The assumptions herein are based on a review and modeling of inputs including real estate market conditions specific to the City, current affordable housing guidelines in the State of California (“State”), Los Angeles County Development Authority (“LACDA”) guidance on monthly housing expenditures for utilities, and the potential relationship between the LVR program and State Density Bonus Law (“Density Bonus”, Government Code § 65915 – 65918), including recent changes under Assembly Bill 1287 (“AB 1287”). 2.1 Maximum Monthly Housing Expenditures (Multifamily / For Rent) Maximum monthly affordable housing expenditures were calculated based on Health & Safety Code § 50053 which provides that very low-, low-, and moderate-income households shall not expend more than 30% of 50%, 60%, and 110% of the area median income (“AMI”) on housing, respectively. The AMI for Los Angeles County as published by the California Department of Housing and Community Development (“HCD”) is $98,200 for 2023. The calculated amounts were adjusted for unit sizes (bedrooms) and household size (persons) based on HCD guidance. To determine the maximum amount of monthly rent as a share of total housing expenditures, allowances for utilities as published by LACDA for the 2023 all electric schedule were deducted from the calculated amounts. It was assumed that the cost of trash service would be included in rent. The household size assumptions and utility allowances follow in Table 1 below. Table 1: Household Size, Income Adjustment, & Monthly Utility Allowance Assumptions Source: HCD, LACDA, Kosmont (2023) Based on these factors, the maximum monthly rent for very low-, low-, and moderate-income households were calculated as provided in Table 2 below. Additional details are provided in Appendix A: Calculation of Maximum Monthly Housing Expenditures / Rent on page 22. Studio 1 2 3 Household Size (Persons)1 2 3 4 Household Size Adjustment 70% 80% 90% 100% Monthly Utility Allowance 151$ 185$ 220$ 267$ Bedrooms Page 98 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 5 Table 2: Estimated Maximum Monthly Rent for Very Low-, Low-, and Moderate-Income Households Source: HCD, HSC § 50053, LACDA, Kosmont (2023) 2.2 Market Unit Size, Distribution, & Rent Based on a review of data from sources including CoStar, Rent.com, Zillow, and the Los Angeles County Office of the Assessor, assumptions on the square footage of units of different sizes (bedrooms), the ratio of unit sizes, and market rents were developed. A summary of these assumptions follows in Table 3 below and additional information on sample comparables is provided in Appendix B: Sample Rent & Unit Size Comparables on page 23. For reference, monthly market rents are based on rates of $4.75 / $4.50 / $4.00 / $3.75 per square foot for studio / one-bedroom / two-bedroom / three-bedroom units, respectively, and are considered moderately conservative relative to general market comparables in the City. Table 3: Assumed Unit Size & Distribution, Market Rent Source: CoStar, Kosmont, Rent.com, Zillow (2023) 2.3 State Density Bonus Provisions Density Bonus law allows residential developments that include income restricted units to develop more units than may otherwise be provided under City density regulations. The increase in total units allowed is based on the percentage and depth of affordability provided. Density Bonus law applies to developments with five or more units, includes a roundup provision on calculations, and provides for other concessions by right including increases in height, and reductions in setback requirements. For reference Density Bonus provisions for moderate income units generally only apply to for sale product, however, the City proposes to permit Density Bonus provisions to apply to moderate income for rent product as well. The following are examples of how Density Bonus provisions can be applied, assuming a residential development with 100 “base” dwelling units: • If 15 units were restricted to very low-income households, a total of 150 units could be developed. Studio 1 2 3 Very Low 708$ 797$ 885$ 961$ Low 880 993 1,106 1,206 Moderate 1,739 1,975 2,210 2,434 Maximum Monthly Rent Bedrooms Studio 1 2 3 Ratio 15% 45% 35% 5% Square Feet 475 700 950 1,150 Market Rent 2,256$ 3,150$ 3,800$ 4,313$ Bedrooms Page 99 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 6 • If 15 units were restricted to low-income households, a total of 128 units could be developed. • If 25 units were restricted to moderate-income households, a total of 120 units could be developed. The calculations in this Summary assume that a development including a sufficient number of affordable units to be exempt from the LVR fee would utilize the benefits of Density Bonus Law. The contemplated LVR program requirement of 15% very low-, 15% low-, or 25% moderate- income units would entitle a developer to increase the total number of units in a development by 50%, 27.5%, and 20.0%, respectively. For reference, AB 1287 was recently codified, and provides for additional increases in density should projects maximize very low-, low-, or moderate-income unit dedications and bonuses (15%, 24%, and 44% respectively). Under those circumstances additional bonuses for very low- or moderate-income units are permitted to be developed and additional bonuses are available. Kosmont modeled the provisions of AB 1287 and found the provisions to be accretive for some of the hypothetical development programs. Ultimately the potential benefit of the new provisions may depend on the capacity to efficiently fit additional units on a given site. 2.4 Impact on Rental Revenue Despite the accretive provisions of Density Bonus law, the inclusion of affordable units within a residential development was generally found to have a negative impact on overall rental revenue. It is assumed that market-rate and affordable units will have similar operating costs. The overall impact to blended gross rent is provided below in Table 4. For reference, the figures are compared to assumed market rents illustrated above, and blended figures are weighted averages based on unit bedroom count distributions / ratios illustrated in Table 3 above. Table 4: Average Rent (Including Income Restricted Units) Source: Kosmont (2023) Calculation: ((Market Rent x Market Units) + (Affordable Rent x Affordable Units)) / Total Units As illustrated in Table 5 below, this calculation provides that a 115-unit residential development that included 25 units restricted to moderate income households with 15% studio / 45% one- bedroom / 35% two-bedroom / 5% three-bedroom units would realize an average reduction in gross revenue of $262 for each of the 115 units, each month. Average Rent Studio 1 2 3 Blended Very Low 2,101$ 2,915$ 3,508$ 3,977$ 3,054$ Low 2,095 2,897 3,484 3,948 3,035 Moderate 2,149 2,905 3,469 3,921 3,040 Bedrooms Page 100 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 7 Table 5: Delta Between Market & Average Rent Source: Kosmont (2023) Calculation: Market Rent – Average Rent 2.5 Capitalized Value Multifamily real estate is generally valued based on capitalization (“cap”) rates whereby the present value of a given property is equal to the net annual rental income divided by the cap rate. Cap rates represent the initial rate of return on the total cost of project investment. Cap rates in the City are generally lower than other regional markets, indicating that investors are willing to pay more for properties in the City than they would for another property with the same income stream in an inferior market with more perceived risk. In this step of the Analysis, the impact of the inclusion of affordable housing units within a given development was evaluated on a present value basis utilizing a hypothetical 4.5% cap rate. This rate is higher than recent multifamily property transactions in the City, however is thought to be reasonable on a forward-looking basis as cap rates are increasing due to increases in interest rates and required rates of return. For reference, a lower assumed cap rate would increase the value impact per square foot discussed in Section 2.6 below. The total value / cost impacts based on a 150-, 128-, and 120-unit development that included 15% very low-, 15% low-, or 25% moderate-income units, respectively is provided in Table 6 below (figures have been rounded). Table 6: Estimated Capitalized Impact to Value of Including Income Restricted Units Source: Kosmont (2023) Calculation: Delta Between Market & Average Rent x Total Units 2.6 Value Impact Per Square Foot The final step of this method of evaluation is to consider the impact to value on a per square foot basis. The total leasable square footage, and impact to value on a per square foot basis are illustrated in Table 7 and Table 8 below. These figures reflect the unit square footages identified Delta From Market Studio 1 2 3 Blended Very Low 155$ 235$ 292$ 335$ 248$ Low 161 253 316 364 267 Moderate 108 245 331 391 262 Bedrooms Studio 1 2 3 Blended Very Low 6,200,000$ 9,400,000$ 11,700,000$ 13,400,000$ 9,900,000$ Low 5,500,000 8,600,000 10,800,000 12,400,000 9,100,000 Moderate 3,400,000 7,800,000 10,600,000 12,500,000 8,400,000 Capitalized Impact to Value Bedrooms Page 101 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 8 in Table 3 above, and the total unit counts identified in Section 2.3 above (e.g., a 150-, 128-, and 120-unit development). Table 7: Gross Leasable Square Feet Source: Kosmont (2023) Calculation: Unit Square Feet x Total Units Table 8: Value Impact Per Square Foot Source: Kosmont (2023) Calculation: Capitalized Impact to Value / Gross Leasable Square Feet Based on the blended rates in Table 8 above, and given the assumptions identified herein, levying a fee of $86 – 92 per net (leasable) square foot of residential development would conceptually be considered economically equivalent to a developer as delivering affordable housing as part of a given development (assuming a 100-dwelling unit project before considering density bonuses). A table and chart showing the estimated equivalency for different project sizes / dwelling unit counts can be found in Appendix C: Estimated Value Impact Per Square Foot for Different Unit Counts on page 25. Additionally, figures for developments with one to four units for which Density Bonus provisions do not apply is provided in Appendix D: Estimated Value Impact Per Square Foot for One to Four Units on page 26. 2.7 For Sale Developments The equivalency figures presented in this Summary are based on an evaluation of the potential impact to value of requiring the various percentages of affordable housing in a given multifamily (rental) development versus an exclusively market rate development. The impact of requiring affordable housing as part of a for sale development is generally considered to be greater than the figures presented herein. Given current real estate market conditions, it is expected that the developer of a for sale project would likely opt to pay the fee rather than include affordable housing in such development. However, each development has unique economics. Studio 1 2 3 Blended Very Low 71,250 105,000 142,500 172,500 116,438 Low 60,800 89,600 121,600 147,200 99,360 Moderate 57,000 84,000 114,000 138,000 93,150 BedroomsGross Leasable SF Studio 1 2 3 Blended Very Low 87$ 90$ 82$ 78$ 86$ Low 91 96 89 84 92 Moderate 60 93 93 91 88 Value Impact / SF Bedrooms Page 102 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 9 3.0 Market Capacity In this section the question of the market’s capacity to support an LVR fee is discussed. The City proposes to allow the development of residential use where such use is not currently permitted so long as such residential use either includes a component of affordable housing or an LVR fee is paid to support the development of affordable housing elsewhere. The City is not considering requiring owners to develop residential uses on their property. Rather, the City is adding a right and value to certain areas of the City, with the condition that a portion of the incremental value conveyed be used to support affordable housing for residents of the City. Every property and potential development is relatively unique. If adding residential use to a given property does not make economic sense, that property owner should not, and is not required to add such use. Regardless of the LVR fee ultimately levied, or amount of affordable housing required to be provided in a given development under the proposed policy, eligible properties and their owners would at worst be left at status quo. No existing property rights are proposed to be constrained or eliminated in any way. Property owners only have the potential to benefit from the LVR program, and the quantity of housing delivered within the City only has the potential to increase. 3.1 Incremental Value As part of the Analysis, recent commercial and residential property transactions were reviewed. In general, of the sales reviewed, most properties sold for between ~$700 - 1,500 per gross* square foot. Based on the data reviewed, values of $800 - 1,000 per gross square foot were considered indicative of typical market performance, and the higher end of this range could readily be ascribed to newer, quality product. To evaluate the potential incremental value of the LVR program, the incremental value of newly permissible residential development (perhaps $800 to $1,000 per gross square foot, or more) can be compared to the cost of development. Construction costs can vary widely from project to project based on factors such as site prep required, construction type / materials, the quality of finishes, etc. Broadly, for the purposes of this analysis, a cost range of $400 to $600 per net square foot (excluding land) may be applicable, and this figure conceptually includes typical building permit fees, financing costs, and contractor overhead. It is possible to build many product types such as tract homes or basic additions for substantially less, and it can certainly cost substantially more to build high end or highly engineered product. *The conversion of gross to net square foot can vary substantially, but efficiency factors approaching 80% are common for larger buildings with interior corridors and indoor amenities, and higher ratios are possible for buildings with exterior corridors and without indoor amenities. Page 103 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 10 Given a potential value of $800 to $1,000 per gross square foot, and development costs of $400 to $600 per net square foot (excluding land), the net residual value or incremental value of adding residential use to a property could conceptually range from $400 to $600 per square foot of residential use, before accounting for net versus gross building area. The lower, or worst case from the assumptions above would yield $200 to $400 per square foot in new / incremental value before any potential adjustment for gross versus net square feet ($800 – $600 = $200, or $1,000 - $600 = $400). For illustrative purposes only, should the City elect to levy an LVR fee of $100 per net square foot, the remaining incremental / residual value would be $100 to $300 per square foot of building area (given a building with a 100% gross to net efficiency). Assuming the owner of a small property was considering adding a single, 950 square foot two-bedroom unit above an existing commercial use, if the unit could be developed within a budget of $600 per square foot ($570,000), and the unit were valued at $900 per square foot ($855,000), the property owner would yield a net benefit of $190,000, after considering the LVR fee of $100 per square foot. This residual / new incremental value of $190,000 would be purely attributable to the City allowing residential uses in areas where such uses are not currently allowed. Thus, in this perhaps moderately conservative example, the City would retain $95,000 or 1/3rd of the value being conveyed (for the duration of the affordability covenants), and $190,000 or 2/3rds of the balance of the value being conveyed would be retained by the property owner (100% after the expiration of the affordability covenants). Alternatively, a property owner could elect not to develop residential uses on their property and pursue the continuation of existing uses or other uses as currently permitted by right, without realizing any diminution in value. Page 104 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 11 4.0 Hypothetical Development Program Pro Forma In this section a series of high-level proforma are provided illustrating hypothetical development programs on a sample “small”, “medium”, and “large” site. For each hypothetical site, first a base case with all market rate units (wherein the LVR fee is paid) is evaluated, and subsequently hypothetical programs that include affordable housing are provided. Additionally, three hypothetical affordable housing pro forma were prepared for the medium and large site, and they evaluate the performance of a project with (i) very low-income units, (ii) moderate-income units, or (iii) a combination of very low- and moderate-income units as permitted under AB 1287. The sites and programs presented are theoretical in nature, and prepared without the benefit of massing studies or order of magnitude construction cost estimates. They are intended to be for general demonstration purposes only. At the bottom of each pro forma, a “Return on Cost” figure is provided, and is one of many measures of potential profitability for a given project. In general, for projects of the scale evaluated herein, a Return on Cost of 8 – 12% or more would suggest a hypothetical development program may be financially feasible to a typical developer. Finally, the same pro forma for the medium and large sites are presented side-by-side in Appendix E: Hypothetical Development Pro Forma on page 27 for easier comparison. Page 105 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 12 Figure 1: Hypothetical Small Site Pro Forma – Market Rate Project (LVR Fee Paid) Source: Kosmont (2023) Property Profile Description of Improvements Lot Area 3,250 SF Existing Improvements 1,750 SF 900$ /SF 1,575,000$ Existing Parking 8 Stalls (Tandem) Existing Value 1,575,000$ Proposed Program Description Commercial 1,750 SF Residential 1,650 SF Parking 8 Stalls (Tandem) Base Residential Units 2 DU Affordable Units - DU Density Bonus Units - DU Total Units 2 DU (Two Bedroom Units) Development Value Commercial 1,750 SF 1,000$ /SF 1,750,000$ Market Rate Residential 1,650 SF 950 /SF 1,567,500 Affordable Residential - SF - /SF - Total 3,317,500$ Development Costs Site Acquisition 1,750 SF 900$ /SF 1,575,000$ Commercial 1,750 SF 150 /SF 262,500 Residential 1,650 SF 600 /SF 990,000 Parking - SF - /SF - LVR Fee 1,650 SF 76 /SF 125,400 Total 2,952,900$ Net Margin 12.3%Return on Cost 364,600$ Keep existing first floor commercial, add one story of residential, no affordable units Existing commercial / store front retail or office use Market Rate Project (LVR Fee Paid) Page 106 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 13 Figure 2: Hypothetical Medium Site Pro Forma – Market Rate Project (LVR Fee Paid) Source: Kosmont (2023) Property Profile Description of Improvements Lot Area 8,500 SF Existing Improvements 5,000 SF 800$ /SF 4,000,000$ Existing Parking 15 Stalls Existing Value 4,000,000$ Proposed Program Description Commercial 5,000 SF Residential 5,000 SF Parking 15 Stalls Base Residential Units 6 DU Affordable Units - DU Density Bonus Units - DU Total Units 6 DU (One & Two Bedroom Units) Development Value Commercial 5,000 SF 900$ /SF 4,500,000$ Market Rate Residential 5,000 SF 950 /SF 4,750,000 Affordable Residential - SF - /SF - Total 9,250,000$ Development Costs Site Acquisition 5,000 SF 800$ /SF 4,000,000$ Site Clearance - SF - /SF - Commercial 5,000 SF 400 /SF 2,000,000 Residential 5,000 SF 500 /SF 2,500,000 Parking - SF - /SF - LVR Fee 5,000 SF 104 /SF 520,000 Total 9,020,000$ Net Margin 2.5%Return on Cost 230,000$ Existing commercial / store front retail or office use Replace first floor commercial, add one story of residential, no affordable units Market Rate Project (LVR Fee Paid) Page 107 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 14 Figure 3: Hypothetical Medium Site Pro Forma – Project w/ Very Low-Income Unit(s) Source: Kosmont (2023) Property Profile Description of Improvements Lot Area 8,500 SF Existing Improvements 5,000 SF 800$ /SF 4,000,000$ Existing Parking 15 Stalls Existing Value 4,000,000$ Proposed Program Description Commercial 5,000 SF Residential 8,100 SF Parking 15 Stalls Base Residential Units 6 DU Affordable Units 1 DU 17%Affordable Density Bonus Units 3 DU Total Units 9 DU (Two Bedroom Units) Development Value Commercial 5,000 SF 900$ /SF 4,500,000$ Market Rate Residential 7,200 SF 925 /SF 6,660,000 Affordable Residential 900 SF - /SF - Total 11,160,000$ Development Costs Site Acquisition 5,000 SF 800$ /SF 4,000,000$ Site Clearance - SF - /SF - Commercial 5,000 SF 400 /SF 2,000,000 Residential 8,100 SF 500 /SF 4,050,000 Parking 3,500 SF 125 /SF 437,500 LVR Fee 8,100 SF - /SF - Total 10,487,500$ Net Margin 6.4%Return on Cost 672,500$ Project w/ Very Low-Income Unit(s) Existing commercial / store front retail or office use Replace first floor commercial, add one or two stories of residential, one very low unit Page 108 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 15 Figure 4: Hypothetical Medium Site Pro Forma – Project w/ Moderate-Income Unit(s) Source: Kosmont (2023) Property Profile Description of Improvements Lot Area 8,500 SF Existing Improvements 5,000 SF 800$ /SF 4,000,000$ Existing Parking 15 Stalls Existing Value 4,000,000$ Proposed Program Description Commercial 5,000 SF Residential 7,600 SF Parking 15 Stalls Base Residential Units 6 DU Affordable Units 2 DU 33%Affordable Density Bonus Units 2 DU Total Units 8 DU (Two Bedroom Units) Development Value Commercial 5,000 SF 900$ /SF 4,500,000$ Market Rate Residential 5,700 SF 925 /SF 5,272,500 Affordable Residential 1,900 SF 425 /SF 807,500 Total 10,580,000$ Development Costs Site Acquisition 5,000 SF 800$ /SF 4,000,000$ Site Clearance - SF - /SF - Commercial 5,000 SF 400 /SF 2,000,000 Residential 7,600 SF 500 /SF 3,800,000 Parking 3,500 SF 125 /SF 437,500 LVR Fee 7,600 SF - /SF - Total 10,237,500$ Net Margin 3.3%Return on Cost 342,500$ Project w/ Moderate-Income Unit(s) Existing commercial / store front retail or office use Replace first floor commercial, add one or two stories of residential, two moderate units Page 109 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 16 Figure 5: Hypothetical Medium Site Pro Forma – Project w/ Very Low- & Moderate-Income Unit(s) Source: Kosmont (2023) Property Profile Description of Improvements Lot Area 8,500 SF Existing Improvements 5,000 SF 800$ /SF 4,000,000$ Existing Parking 15 Stalls Existing Value 4,000,000$ Proposed Program Description Commercial 5,000 SF Residential 9,900 SF Parking 15 Stalls Base Residential Units 6 DU Affordable Units 2 DU 33% Density Bonus Units 6 DU Total Units 12 DU (One & Two Bedroom Units) Development Value Commercial 5,000 SF 875$ /SF 4,375,000$ Market Rate Residential 8,250 SF 950 /SF 7,837,500 Affordable Residential 1,650 SF 225 /SF 371,250 Total 12,583,750$ Development Costs Site Acquisition 5,000 SF 800$ /SF 4,000,000$ Site Clearance - SF - /SF - Commercial 5,000 SF 400 /SF 2,000,000 Residential 9,900 SF 525 /SF 5,197,500 Parking 3,500 SF 125 /SF 437,500 LVR Fee 9,900 SF - /SF - Total 11,635,000$ Net Margin 8.2%Return on Cost 948,750$ Project w/ Very Low- & Moderate-Income Existing commercial / store front retail or office use Replace first floor commercial, add two stories of residential, one very low, one moderate unit Page 110 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 17 Figure 6: Hypothetical Large Site Pro Forma – Market Rate Project (LVR Fee Paid) Source: Kosmont (2023) Property Profile Description of Improvements Lot Area 15,000 SF 250$ /SF 3,750,000$ Existing Improvements 5,000 SF Existing Parking - Stalls Existing Value 3,750,000$ Proposed Program Description Commercial 3,500 SF Residential 11,400 SF Parking 30 Stalls Base Residential Units 12 DU Affordable Units - DU Density Bonus Units - DU Total Units 12 DU (Two Bedroom Units) Development Value Commercial 3,500 SF 900$ /SF 3,150,000$ Market Rate Residential 11,400 SF 925 /SF 10,545,000 Affordable Residential - SF - /SF - Total 13,695,000$ Development Costs Site Acquisition 15,000 SF 250$ /SF 3,750,000$ Site Clearance 5,000 SF 50 /SF 250,000 Commercial 3,500 SF 400 /SF 1,400,000 Residential 11,400 SF 450 /SF 5,130,000 Parking 11,500 SF 100 /SF 1,150,000 LVR Fee 11,400 SF 104 /SF 1,185,600 Total 12,865,600$ Net Margin 6.4%Return on Cost 829,400$ Replace first floor commercial, add two stories of residential, no affordable units Market Rate Project (LVR Fee Paid) Existing commercial / store front retail or office use Page 111 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 18 Figure 7: Hypothetical Large Site Pro Forma – Project w/ Very Low-Income Unit(s) Source: Kosmont (2023) Property Profile Description of Improvements Lot Area 15,000 SF 250$ /SF 3,750,000$ Existing Improvements 5,000 SF Existing Parking - Stalls Existing Value 3,750,000$ Proposed Program Description Commercial 3,500 SF Residential 17,100 SF Parking 30 Stalls Base Residential Units 12 DU Affordable Units 2 DU 17%Affordable Density Bonus Units 6 DU Total Units 18 DU (Two Bedroom Units) Development Value Commercial 3,500 SF 900$ /SF 3,150,000$ Market Rate Residential 15,200 SF 925 /SF 14,060,000 Affordable Residential 1,900 SF - /SF - Total 17,210,000$ Development Costs Site Acquisition 15,000 SF 250$ /SF 3,750,000$ Site Clearance 5,000 SF 50 /SF 250,000 Commercial 3,500 SF 400 /SF 1,400,000 Residential 17,100 SF 450 /SF 7,695,000 Parking 11,500 SF 100 /SF 1,150,000 LVR Fee 17,100 SF - /SF - Total 14,245,000$ Net Margin 20.8%Return on Cost 2,965,000$ Replace first floor commercial, add two or three stories of residential, two very low units Project w/ Very Low-Income Unit(s) Existing commercial / store front retail or office use Page 112 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 19 Figure 8: Hypothetical Large Site Pro Forma – Project w/ Moderate-Income Unit(s) Source: Kosmont (2023) Property Profile Description of Improvements Lot Area 15,000 SF 250$ /SF 3,750,000$ Existing Improvements 5,000 SF Existing Parking - Stalls Existing Value 3,750,000$ Proposed Program Description Commercial 3,500 SF Residential 14,250 SF Parking 30 Stalls Base Residential Units 12 DU Affordable Units 3 DU 25%Affordable Density Bonus Units 3 DU Total Units 15 DU (Two Bedroom Units) Development Value Commercial 3,500 SF 900$ /SF 3,150,000$ Market Rate Residential 11,400 SF 925 /SF 10,545,000 Affordable Residential 2,850 SF 425 /SF 1,211,250 Total 14,906,250$ Development Costs Site Acquisition 15,000 SF 250$ /SF 3,750,000$ Site Clearance 5,000 SF 50 /SF 250,000 Commercial 3,500 SF 400 /SF 1,400,000 Residential 14,250 SF 450 /SF 6,412,500 Parking 11,500 SF 100 /SF 1,150,000 LVR Fee 14,250 SF - /SF - Total 12,962,500$ Net Margin 15.0%Return on Cost 1,943,750$ Replace first floor commercial, add two stories of residential, three moderate units Project w/ Moderate-Income Unit(s) Existing commercial / store front retail or office use Page 113 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 20 Figure 9: Hypothetical Large Site Pro Forma – Project w/ Very Low- & Moderate-Income Unit(s) Source: Kosmont (2023) Property Profile Description of Improvements Lot Area 15,000 SF 250$ /SF 3,750,000$ Existing Improvements 5,000 SF Existing Parking - Stalls Existing Value 3,750,000$ Proposed Program Description Commercial 3,500 SF Residential 19,800 SF Parking 30 Stalls Base Residential Units 12 DU Affordable Units 4 DU 33%Affordable Density Bonus Units 12 DU Total Units 24 DU (One & Two Bedroom Units) Development Value Commercial 3,500 SF 875$ /SF 3,062,500$ Market Rate Residential 16,500 SF 950 /SF 15,675,000 Affordable Residential 3,300 SF 225 /SF 742,500 Total 19,480,000$ Development Costs Site Acquisition 15,000 SF 250$ /SF 3,750,000$ Site Clearance 5,000 SF 50 /SF 250,000 Commercial 3,500 SF 400 /SF 1,400,000 Residential 19,800 SF 450 /SF 8,910,000 Parking 11,500 SF 100 /SF 1,150,000 LVR Fee 19,800 SF - /SF - Total 15,460,000$ Net Margin 26.0%Return on Cost 4,020,000$ Project w/ Very Low- & Moderate-Income Existing commercial / store front retail or office use Replace first floor commercial, add three stories of residential, two very low, two moderate units Page 114 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 21 5.0 Appendices Page 115 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 22 Appendix A: Calculation of Maximum Monthly Housing Expenditures / Rent 2023 Area Median Income 98,200$ Income Thresholds Very Low Low Moderate Bedrooms Studio 1 2 3 Household Size 1 2 3 4 Household Size Adj.70% 80% 90% 100% Utility Allowance - 2023 Multifamily All Electric Heating 14$ 20$ 25$ 32$ Cooking 7 10 13 16 Water Heating 14 19 25 31 Basic Electric 27 33 40 48 Water 73 82 91 109 Trash 42 42 42 42 Air Conditioning 10 15 20 25 Refrigerator 6 6 6 6 Total 193$ 227$ 262$ 309$ Allowed Monthly Housing Expenditures (Multifamily / For Rent) Bedrooms Studio 1 2 3 Very Low 666$ 755$ 843$ 919$ Low 838 951 1,064 1,164 Moderate 1,697 1,933 2,168 2,392 Percent of AMI 50% 60% 110% Max Household Exp % 30% 30% 30% Page 116 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 23 Appendix B: Sample Rent & Unit Size Comparables CoStar Properties (~July 2023) Zillow & Rent.com Properties (~July 2023) Address Bed Bath SF Rent $/SF Source 415 Herondo St - 1 360 2,337$ 6.49$ Zillow 415 Herondo St - 1 408 2,331 5.71 Zillow 720 Monterey Blvd - 1 450 2,250 5.00 Zillow 415 Herondo St - 1 512 2,523 4.93 Zillow 415 Herondo St - 1 562 2,563 4.56 Zillow Average 458 2,401$ 5.34$ Median 450 2,337 5.00 Address Bed Bath SF Rent $/SF Source 1140 Hermosa Ave 1 1 400 2,350$ 5.88$ Zillow 1346 Bayview Dr 1 1 400 2,500 6.25 Zillow 1821 Pacific Coast Hwy 1 1 550 2,495 4.54 Rent.com 707 Manhattan Ave 1 1 408 2,830 6.94 Zillow 2001 Pacific Coast Hwy 1 1 500 2,295 4.59 Zillow 2001 Pacific Coast Hwy 1 1 500 2,395 4.79 Zillow 2001 Pacific Coast Hwy 1 1 500 2,495 4.99 Zillow 2026 Hermosa Ave 1 1 500 2,850 5.70 Zillow 718 21st St 1 1 550 2,500 4.55 Zillow 454 Longfellow Ave 1 1 590 2,800 4.75 Zillow 2100 Hermosa Ave 1 1 600 3,550 5.92 Zillow 216 Hermosa Ave 1 1 630 3,200 5.08 Zillow 415 Herondo St 1 1 644 3,004 4.66 Zillow 137 27th St 1 1 650 3,500 5.38 Zillow 225 30th PL 1 1 750 3,300 4.40 Zillow 415 Herondo St 1 2 758 3,585 4.73 Zillow 415 Herondo St 1 2 855 3,047 3.56 Zillow 3101 Manhattan Ave 1 1 858 3,100 3.61 Zillow Average 591 2,878$ 5.02$ Median 570 2,840 4.77 One Bedroom Units Studio Units Page 117 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 24 Address Bed Bath SF Rent $/SF Source 721 Manhattan Ave 2 1 560 3,200$ 5.71$ Zillow 1154 Cypress Ave 2 1 690 3,600 5.22 Zillow 2011 Manhattan Ave 2 1 700 2,595 3.71 Zillow 2100 Hermosa Ave 2 1 700 3,800 5.43 Zillow 415 Herondo St 2 1 717 3,450 4.81 Zillow 950 1st St 2 1 759 2,875 3.79 Zillow 1821 Pacific Coast Hwy 2 2 900 3,125 3.47 Rent.com 404 Hermosa Ave 2 1 779 4,495 5.77 Zillow 2411 Prospect 2 2 855 3,395 3.97 Zillow 10 Meyer Ct 2 1 900 3,200 3.56 Zillow 1707 E Pacific Coast Hwy 2 2 974 3,598 3.69 Zillow 75 18th St 2 2 832 4,300 5.17 Rent.com 77 15th St 2 2 981 4,500 4.59 Zillow 1836 The Strand 2 2 1,000 5,995 6.00 Zillow 1652 Monterey Blvd 2 2 1,050 4,800 4.57 Zillow 1656 Monterey Blvd 2 2 1,050 4,800 4.57 Zillow 101 Monterey Blvd 2 2 1,074 3,300 3.07 Zillow 676 5th St 2 2 1,100 3,850 3.50 Zillow 1442 Bayview Dr 2 2 1,200 4,500 3.75 Zillow 1636 Palm Drive 2 2 1,200 5,995 5.00 Zillow 20 22nd St 2 2 1,276 6,000 4.70 Zillow 47 8th St 2 3 1,288 6,000 4.66 Zillow 408 Ocean View Ave 2 3 1,296 6,500 5.02 Zillow 743 24th PL 2 2 1,500 4,900 3.27 Zillow Average 974 4,282$ 4.46$ Median 978 4,075 4.58 Address Bed Bath SF Rent $/SF Source 639 1st St 3 3 1,200 4,800$ 4.00$ Zillow 428 The Strand 3 2 1,846 9,500 5.15 Zillow Average 1,523 7,150$ 4.57$ Median 1,523 7,150 4.57 Two Bedroom Units Three Bedroom Units Page 118 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 25 Appendix C: Estimated Value Impact Per Square Foot for Different Unit Counts *Dwelling unit counts are prior to use of density bonus provisions Units*Very Low Low Moderate 5 107$ 112$ 121$ 6 95 98 106 7 156 143 94 8 143 131 85 9 123 121 106 10 115 112 98 11 101 105 91 12 95 98 85 13 86 93 99 14 123 118 94 15 112 112 89 16 107 107 85 17 99 103 96 18 95 98 92 19 89 94 92 20 86 91 88 30 95 98 91 40 86 93 88 50 92 97 90 60 86 92 88 70 90 95 90 80 86 93 88 90 89 94 89 100 86 92 88 Page 119 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 26 Appendix D: Estimated Value Impact Per Square Foot for One to Four Units Studio 1 2 3 Blended Very Low 869$ 896$ 818$ 777$ 859$ Low 773 822 756 720 786 Moderate 290 447 446 436 423 Very Low 435$ 448$ 409$ 389$ 430$ Low 386 411 378 360 393 Moderate 145 224 223 218 211 Very Low 290$ 299$ 273$ 259$ 286$ Low 258 274 252 240 262 Moderate 97 149 149 145 141 Very Low 217$ 224$ 205$ 194$ 215$ Low 193 205 189 180 197 Moderate 73 112 112 109 106 One Unit w/ One Affordable Unit (100% Affordable) Two Units w/ One Affordable Unit (50% Affordable) Three Units w/ One Affordable Unit (33% Affordable) Four Units w/ One Affordable Unit (25% Affordable) Value Impact / SF Bedrooms Page 120 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 27 Appendix E: Hypothetical Development Pro Forma Page 121 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 28 Hypothetical Medium Site Pro Forma Property ProfileDescription of ImprovementsLot Area8,500 SF8,500 SF8,500 SF8,500 SFExisting Improvements5,000 SF800$ /SF4,000,000$ 5,000 SF800$ /SF4,000,000$ 5,000 SF800$ /SF4,000,000$ 5,000 SF800$ /SF4,000,000$ Existing Parking15 Stalls15 Stalls15 Stalls15 StallsExisting Value4,000,000$ 4,000,000$ 4,000,000$ 4,000,000$ Proposed ProgramDescriptionCommercial5,000 SF5,000 SF5,000 SF5,000 SFResidential5,000 SF8,100 SF7,600 SF9,900 SFParking15 Stalls15 Stalls15 Stalls15 StallsBase Residential Units6 DU6 DU6 DU6 DUAffordable Units- DU1 DU17%Affordable2 DU33%Affordable2 DU33%Density Bonus Units- DU3 DU2 DU6 DUTotal Units6 DU(One & Two Bedroom Units)9 DU(Two Bedroom Units)8 DU(Two Bedroom Units)12 DU(One & Two Bedroom Units)Development ValueCommercial5,000 SF900$ /SF4,500,000$ 5,000 SF900$ /SF4,500,000$ 5,000 SF900$ /SF4,500,000$ 5,000 SF875$ /SF4,375,000$ Market Rate Residential5,000 SF950 /SF4,750,000 7,200 SF925 /SF6,660,000 5,700 SF925 /SF5,272,500 8,250 SF950 /SF7,837,500 Affordable Residential- SF- /SF- 900 SF- /SF- 1,900 SF425 /SF807,500 1,650 SF225 /SF371,250 Total9,250,000$ 11,160,000$ 10,580,000$ 12,583,750$ Development CostsSite Acquisition5,000 SF800$ /SF4,000,000$ 5,000 SF800$ /SF4,000,000$ 5,000 SF800$ /SF4,000,000$ 5,000 SF800$ /SF4,000,000$ Site Clearance- SF- /SF- - SF- /SF- - SF- /SF- - SF- /SF- Commercial5,000 SF400 /SF2,000,000 5,000 SF400 /SF2,000,000 5,000 SF400 /SF2,000,000 5,000 SF400 /SF2,000,000 Residential5,000 SF500 /SF2,500,000 8,100 SF500 /SF4,050,000 7,600 SF500 /SF3,800,000 9,900 SF525 /SF5,197,500 Parking- SF- /SF- 3,500 SF125 /SF437,500 3,500 SF125 /SF437,500 3,500 SF125 /SF437,500 LVR Fee5,000 SF104 /SF520,000 8,100 SF- /SF- 7,600 SF- /SF- 9,900 SF- /SF- Total9,020,000$ 10,487,500$ 10,237,500$ 11,635,000$ Net Margin2.5%Return on Cost230,000$ 6.4%Return on Cost672,500$ 3.3%Return on Cost342,500$ 8.2%Return on Cost948,750$ Project w/ Very Low- & Moderate-Income Existing commercial / store front retail or office use Replace first floor commercial, add two stories of residential, one very low, one moderate unit Project w/ Moderate-Income Unit(s) Existing commercial / store front retail or office use Replace first floor commercial, add one or two stories of residential, two moderate units Existing commercial / store front retail or office use Replace first floor commercial, add one story of residential, no affordable units Market Rate Project (LVR Fee Paid)Project w/ Very Low-Income Unit(s) Existing commercial / store front retail or office use Replace first floor commercial, add one or two stories of residential, one very low unit Page 122 of 150 HERMOSA BEACH LAND VALUE RECAPTURE ANALYSIS 29 Hypothetical Large Site Pro Forma Property ProfileDescription of ImprovementsLot Area15,000 SF250$ /SF3,750,000$ 15,000 SF250$ /SF3,750,000$ 15,000 SF250$ /SF3,750,000$ 15,000 SF250$ /SF3,750,000$ Existing Improvements5,000 SF5,000 SF5,000 SF5,000 SFExisting Parking- Stalls- Stalls- Stalls- StallsExisting Value3,750,000$ 3,750,000$ 3,750,000$ 3,750,000$ Proposed ProgramDescriptionCommercial3,500 SF3,500 SF3,500 SF3,500 SFResidential11,400 SF17,100 SF14,250 SF19,800 SFParking30 Stalls30 Stalls30 Stalls30 StallsBase Residential Units12 DU12 DU12 DU12 DUAffordable Units- DU2 DU17%Affordable3 DU25%Affordable4 DU33%AffordableDensity Bonus Units- DU6 DU3 DU 12 DUTotal Units12 DU(Two Bedroom Units)18 DU(Two Bedroom Units)15 DU(Two Bedroom Units)24 DU(One & Two Bedroom Units)Development ValueCommercial3,500 SF900$ /SF3,150,000$ 3,500 SF900$ /SF3,150,000$ 3,500 SF900$ /SF3,150,000$ 3,500 SF875$ /SF3,062,500$ Market Rate Residential11,400 SF925 /SF10,545,000 15,200 SF925 /SF14,060,000 11,400 SF925 /SF10,545,000 16,500 SF950 /SF15,675,000 Affordable Residential- SF- /SF- 1,900 SF- /SF- 2,850 SF425 /SF1,211,250 3,300 SF225 /SF742,500 Total13,695,000$ 17,210,000$ 14,906,250$ 19,480,000$ Development CostsSite Acquisition15,000 SF250$ /SF3,750,000$ 15,000 SF250$ /SF3,750,000$ 15,000 SF250$ /SF3,750,000$ 15,000 SF250$ /SF3,750,000$ Site Clearance5,000 SF50 /SF250,000 5,000 SF50 /SF250,000 5,000 SF50 /SF250,000 5,000 SF50 /SF250,000 Commercial3,500 SF400 /SF1,400,000 3,500 SF400 /SF1,400,000 3,500 SF400 /SF1,400,000 3,500 SF400 /SF1,400,000 Residential11,400 SF450 /SF5,130,000 17,100 SF450 /SF7,695,000 14,250 SF450 /SF6,412,500 19,800 SF450 /SF8,910,000 Parking11,500 SF100 /SF1,150,000 11,500 SF100 /SF1,150,000 11,500 SF100 /SF1,150,000 11,500 SF100 /SF1,150,000 LVR Fee11,400 SF104 /SF1,185,600 17,100 SF- /SF- 14,250 SF- /SF- 19,800 SF- /SF- Total12,865,600$ 14,245,000$ 12,962,500$ 15,460,000$ Net Margin6.4%Return on Cost829,400$ 20.8%Return on Cost2,965,000$ 15.0%Return on Cost1,943,750$ 26.0%Return on Cost4,020,000$ Project w/ Very Low- & Moderate-Income Existing commercial / store front retail or office use Replace first floor commercial, add three stories of residential, two very low, two moderate units Replace first floor commercial, add two stories of residential, no affordable units Replace first floor commercial, add two or three stories of residential, two very low units Replace first floor commercial, add two stories of residential, three moderate units Project w/ Very Low-Income Unit(s) Existing commercial / store front retail or office use Project w/ Moderate-Income Unit(s) Existing commercial / store front retail or office use Market Rate Project (LVR Fee Paid) Existing commercial / store front retail or office use Page 123 of 150 From: Claudia Berman <its_42@yahoo.com> Sent: Monday, July 07, 2025 2:23 PM To: Planning Commission <Planningcommission@hermosabeach.gov> Cc: City Council <citycouncil@hermosabeach.gov>; Alison Becker <abecker@hermosabeach.gov>; Steve Napolitano <snapolitano@hermosabeach.gov> Subject: My Comments on Upcoming LVR Item, Zoning Dear Planning Commission, I noticed that on the future agenda items for the planning commission is the LVR topic and 54 Hermosa Ave. I've been getting my thoughts together for a while on the LVR discussion coming back. Since this topic touches so many parts of zoning, I decided to write up a comprehensive list of comments/recommendations. See Attached PDF. I may update once the staff report is out, but I'm sending out early since it's so long. I realize that not all my comments are under the purview of the planning commission, so I'm also ccing council. I'm not addressing 54 Hermosa Ave. specifically, but my Appendix A on page 6 has some history that could be helpful. As always, thanks for listening. If you have any questions, please don't hesitate to reach out to me. Best, Claudia Berman Page 124 of 150 Page 1 of 8 Land Value Recap (LVR) & Zoning Comments - C. Berman A bit about me for context on my comments: You may know me as a volunteer docent at the Hermosa Beach Museum, Community Police Advisory Board member, or PLAN Hermosa participant. What you may not know is my professional background: As an Oracle Applications sales engineer I sold into the Store Lifecycle Development (lifecycle of a brick-and-mortar store – site identification, analysis go/no go, construction, opening, remodeling/reformatting, closure) space to major retailers like Starbucks, GAP, and Jack in the Box. Less than a year after Housing Element approval, a handful of Upper Pier property owners continue lobbying against Land Value Recapture (LVR) fees for smaller lots. (Note: I recall that small lots represent a significant percentage. I think 40+%, but that number should be verified.) These owners received free up-zoning from Commercial to Residential, an incredible windfall at zero cost, yet claim the LVR fee makes residential development financially unviable. They also claim their projects will boost economic development. Yet, they have not presented any data to support their claims. See APPENDIX A: Hermosa Ave Mixed Used Development – A Cautionary Tale for an example of a mixed-use luxury residential property mixed with a ground floor vacation rental. My comments with recommendations fall into the following three areas: 1. LVR IS NOT AN IMPEDIMENT TO DEVELOPMENT, PER KOSMONT 2. TIME, EFFORT & RISK 3. DROPPING LVR ON SMALL SITES, NOT A GUARANTEE OF ECON. DEV. LVR IS NOT AN IMPEDIMENT TO DEVELOPMENT, PER KOSMONT Council asked Kosmont to analyze the LVR fees and determine whether the fees would obstruct development. Kosmont determined the fees would not deter development. (12/23). Page 125 of 150 Page 2 of 8 RECOMMENDATION 1: Property Owner/Developer Provides High Level Plan and Financial Projection Each downtown commercial property owner/developer who says that paying into LVR or building one below market unit is an impediment to their development, should show why Kosmont is not correct. It’s possible that their project scope/design is the impediment, not the lot size. It’s also possible they may not have investigated the incentives available for building below market housing. For each property targeted for development, the developer should provide the city and the public the following: • The address/addresses of the development project. • Estimated start date. • High level build plan with number of housing units, very rough floor plan, and square footage estimates, and target market (e.g., moderate, premium, luxury). • Whether this is a renovation or tear down/new construction. • Will there be any lot consolidation? • Will they be building condos for sale, or will they be building rentals? Or a combination? • What type of commercial is targeted for the ground floor? • Show us the numbers. Show a financial projection with assumptions, why building one small affordable unit or paying into LVR is not financially feasible on the lot. RECOMMENDATION 2: Give the property owners one year to submit their plans (above) to the city and post on the city’s website. This will provide the city with data necessary to understand what the appetite is for housing development on upper Pier and to match those plans to housing element site list. It will be interesting to see if the development plans do the minimum number of units per the site list, or if they plan to maximize what could be developed on the lot. HCD requires community input, which is why it’s important to post publicly. Page 126 of 150 Page 3 of 8 TIME, EFFORT & RISK TIME & EFFORT: All upper management staff who participated in the housing element are no longer with the city: City Manager, Deputy City Manager, City Attorney, and Community Services Director. We have a new a new Community Development director who likely needs to focus on her team and learning about processes, projects, and ordinances unique to Hermosa. Adding an off-cycle housing element update, could negatively impact Community Development’s current workload. RECOMMENDATION 3: Community Development should focus on the Zoning Code Update The modernization of the zoning code impacts all businesses and residents; therefore, the Zoning Code Update should be completed before adding non- critical, new projects to Community Development workload. RISK: 1. Reduction of LVR fund will negatively impact the ability to subsidize developers who are open to building below-market units. How will the state react to this? 2. Some small lots are tagged in the site list with a required below-market unit. If that developer chooses to not build a below-market unit, the city not only loses needed LVR funds, but it also must find another site to put on the list in its place. Housing Element Map: https://hermosabeach.maps.arcgis.com/apps/webappviewer/index.html?id=c8928e777d71462da500de9e5188d0da 3. These changes could trigger a whole new review cycle with public hearings. That seems likely since the site list and LVR process was so integral to the approval. Could HCD then reevaluate other parts of the Housing Element for scrutiny? RECOMMENDATION 4: After the high-level development plans are submitted and the zoning code update is complete, then perform a risk assessment on an off-cycle housing element update. Page 127 of 150 Page 4 of 8 DROPPING LVR ON SMALL SITES, NOT A GUARANTEE OF ECON. DEV. Assuming average density in Hermosa Beach, there are approximately 600 residences within a 5–10 minute walk (4 block radius of upper Pier). Per the housing element map, multifamily zoning surrounds this area, so the 600 count would be higher. For example, the Commodore & Hermosa Surf Condominiums combined have 174 units. Many residences have more than one resident, so there is already a good number of people living within a short walk. Per the housing element map on upper Pier, if every property built to their minimum allotment in the sites inventory, that would add ~10% increase in residential units. However, just adding 2nd and 3rd story housing on upper Pier without addressing our downtown business mix and layout issues, will not ensure economic development growth. Over the past 30 years, our demographics have changed dramatically, and our downtown’s ground floor storefront mix has declined in variety. We have seen a proliferation of office space and personal services. We have more hospitality businesses than ever before (except during the time of the long-gone Biltmore Hotel), and yet downtown weekday, daytime foot traffic continues to be light. (Side Note: foot traffic doesn’t necessarily convert to increased revenue.) Ten years ago, the Roma report recommended limiting ground floor commercial to pedestrian uses to increase vibrancy. Six years ago, this sentiment was codified in PLAN Hermosa: “Uses on the ground floor are reserved for retail, restaurant, and other sales- tax revenue generating uses, while offices and personal service uses are encouraged on upper floors. Mixed use developments (including residential uses) may be allowed.” RECOMMENDATION 5: As part of the Zoning Code Update, the city should do an analysis of the approved Housing Element’s impact on our zoning code to understand the unintended consequences and formulate contingency plans. I’m quite concerned that without a strong zoning plan, that the adding of residences on Upper Pier will be so lucrative, that the ground floor commercial will slowly erode into more office space, more personal services, or short-term rentals, which will not address state housing requirements as intended nor contribute to economic development in a meaningful way. This is happening now Page 128 of 150 Page 5 of 8 at 60 Hermosa Ave in the C-1 Limited Business and Residential zone. See APPENDIX A: Hermosa Ave Mixed Used Development – A Cautionary Tale. RECOMMENDATION 6: City Council to create a subcommittee working with community development and a few local developers to come up with an “incentive plan” to ensure that we don’t continue to lose sales-tax revenue ground floor businesses, or even better, reverse this trend over time. This subcommittee should be given a due date, say no more than six months. Incentives should not have a monetary cost to taxpayers. This could be done in conjunction with the zoning code update. Four years ago, Marlin Equity demoed a building with pedestrian-oriented retail/restaurant and replaced with a 2-story office building. This would be a good use case to “test” incentive policies against. The million-dollar question being: What could have incentivized Marlin Equity to change their office space project and build out the ground floor for sales-tax generating uses and use the 2nd and 3rd floors for their employees? RECOMMENDATION 7: If no policies result from Recommendation 6, then I would like to see a ban on ground floor non-tax generating for new businesses that take over a space vacated by a sales tax generating business. I do think a ban would be wildly unpopular with property owners, but if there is no movement on incentives, I think this should be seriously explored. RECOMMENDATION 8: After the Zoning Code Update is done, explore waiving the LVR fee for upper Pier small with the obligation that they 1) lease the ground floor for sales tax generating uses 2) Do not allow the ground floor to remain vacant. Since economic development is not a driver of HCD requirements, I don’t know if it’s even possible to put restrictions on the ground floor commercial in exchange the waiving of LVR. Losing LVR could still be problematic in this scenario. Page 129 of 150 Page 6 of 8 Appendix A – Hermosa Ave Mixed Used Development – A Cautionary Tale July 15, 2014 a commercial property was approved by the planning commission to allow for mixed use at 60 Hermosa Ave. PC Meeting 7/15/2014 Item 9: https://hermosabeach.granicus.com/player/clip/3182?view_id=6&meta_id=154838&re direct=true Figure 1 shows the lot before the mixed-use development. Lot size 30’x80’= 2,400 SQF. Concerns by a neighboring property owner: • Long term viability of the commercial • Concerns about the façade, all concrete and glass • All 3 commercial sites south are empty, up for sale for months • Putting commercial in to justify 2,800 sqf residence • “Let’s not repeat mistakes” Fast forward to now. The residential unit is large with a very small commercial component. There is no activated ground floor commercial. I’m very concerned that this type of development will occur on Upper Pier if there is no zoning plan to prevent this. Figure 1 60 Hermosa Ave Pre-Development Figure 2 Post Development Hermosa Ave. Frontage Page 130 of 150 Page 7 of 8 As of 6/24/2025 when I took the screenshot below from the AirBNB link, the downstairs commercial is not even office space. It’s turned into a vacation rental at $16K+/mo. https://www.airbnb.com/rooms/34999162?check_in=2025-10-01&check_out=2025-10- 31&location=Hermosa%20Beach%2C%20CA&search_mode=regular_search&source_impression_id=p3_17440502 03_P3oVKAXZUWRwBYf8&previous_page_section_name=1001&federated_search_id=cc75785e-7d3 Figure 3 Post Development Back View Figure 4 Ground Floor Vacation Rental Page 131 of 150 Page 8 of 8 The residential unit is also furnished and is rented out part time when it is not occupied by the owner. Screenshot from Nestfully 6/24/2025. https://www.nestfully.com/rentals/60- Hermosa-Avenue-Hermosa-Beach-CA-90254-344554482 It would be heartbreaking to see this on Upper Pier. I also don’t think this is what HCD intended to address housing needs. Figure 5 Main Residence Page 132 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-14 Table B-5 Sites Inventory Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total 10 552 11th Place 4187-020-907 PF Public Facilities M-1 Light Manufacturing PF Public Facility 34 50 1.00 Self-Storage - 25 25 - 50 FAR: 0.0 ILR: 0 Year Built: NA Height: 1 This city-owned property currently has a month-to-month lease for a public storage facility. It is surrounded on two sides by medium density housing. City is currently working with a real estate development analysis firm to determine potential public-private-partnership for housing development, including affordable housing. Proposed General Plan and Public Facility zoning is 34-50 units per acre, for a total yield of 50 units. Potential RFP in 2025 and construction in 2026. Factors for Selection: a, d, e, f, g, h Y City of HB 11 710 Pier Avenue 4187-024-902 PF Public Facilities O-S Open Space PF Public Facility 34 50 1.00 Community Center 30 20 - - 50 FAR: 0.0 ILR: 0 Year Built: NA Height: Mostly unoccupied land with only 16% of site with a 2-story building This city-owned community center property is currently under study by a real estate development analysis firm to determine potential public-private-partnership for senior affordable housing development of up to 50 units. This site is ideal for senior housing due to smaller units, reduced parking needs, services offered at community center, available onsite parking and proximity to PCH bus transportation and grocery/drug stores directly across Pier Avenue. Y City of HB Page 133 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-15 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total Proposed General Plan and Public Facility zoning will be changed to 34-50 units per acre, for a total yield of 50 units. Potential RFP in 2024 and construction in 2026 or 2027. The Community Center building is two stories and designated historic, and occupies 0.75 acre of the site. The rest of the site is developed with surface parking, lawn area, and tennis courts that could be reconfigured or redeveloped to accommodate potential residential development. The Sites Inventory list this as one (1) acre, but there are actually 3.75 acres of space that is not currently occupied by any building. Factors for Selection: a, d, e, f, g, h 28 911 1st Street 4186-026-047 CC Community SPA-7 Specific Plan 25.1 33 0.46 Commercial Parking - - - 12 12 FAR: 0.0 ILR: 0 Year Built: NA Height: 0 Currently zoned commercial, this vacant former parking lot site is surrounded on three sides by low-to-medium density residential. The owner is interested in developing 12 for-sale units, likely at the moderate and above-moderate income levels. Factors for Selection: a, d, e, f, g, h Y 1ST STREET PARTNERS LLC C/O LUIGI SCHIAPPA DEVELOPMENT 28 102 PCH 4186-026-804 CC Community SPA-7 Specific Plan 25.1 33 0.4 Utility Switching Station - - 5 5 10 FAR: 1.0 ILR: NA Year Built: NA Height: 2 Built in 1975, this telephone/ internet utility structure and supporting parking lots once served hundreds of employees and included Y GTE CALIF INC SBE 201-19-874B PAR 5 6PTS 28 102 PCH 4186-026-806 CC Community SPA-7 Specific Plan 25.1 33 0.2 Utility Switching Station - - 5 - 5 28 102 PCH 4186-026-801 CC Community SPA-7 Specific Plan 25.1 33 0.1 Utility Switching Station - - 3 - 3 28 102 PCH 4186-026-805 CC Community SPA-7 Specific Plan 25.1 33 0.09 Utility Switching Station - - 3 - 3 Page 134 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-16 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total 28 1st Street and PCH 4186-026-800 CC Community SPA-7 Specific Plan 25.1 33 0.5 Commercial Parking - - 6 7 13 a credit union, cafeteria, executive offices, technician desks and large number of phone operator desks. The building currently houses telephone/internet equipment in approximately 20% of the building with only a handful of employees. The owner has recently approached the City to discuss adaptive reuse of this Art Deco building, with equipment consolidation and introduction of housing uses. At least two affordable housing developers have expressed interest in working with the property owner to convert a portion of the building into residential units. Of 1.49 acres, about 0.62 acre (27,000 sq. ft.) is a surface parking lot. An existing building with a footprint of about 0.85 acres (37,000 sq. ft.) A 20,000 square-foot portion of the building is 2 stories tall and currently vacant. There is potential for conversion to residential use. This building is 80% vacant and only has telecommunications switching equipment inside. Factors for Selection: a, d, e, f, g 19 1103 Aviation Boulevard 4185-017-015 GC Gateway C-3 General and Highway Commercial 25.1 33 1.3 Multi-tenant Commercial 24 8 - - 32 FAR: 1.0 ILR: 0.34 Year Built: 1964 Height: 0 and 1 Older 1975 commercial site with multiple tenant retail. Developer inquired about adding residential uses to commercial property. Low density residential is adjacent to the rear of the property. These parcels are currently functioning as an integral site. Y KENNARD,BARBARA S TR BARBARA S KENNARD TRUST AND HOROWITZ,RALPH TR HOROWITZ TRUST 19 1209 Aviation Boulevard 4185-017-014 GC Gateway C-3 General and Highway Commercial 25.1 33 0.5 Commercial Parking 6 5 - - 11 Y SELECTIVE API ONE LLC Page 135 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-17 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total Factors for Selection: a, d, f, g, h 19 1062 AVIATION 4186-001-008 CC Community C-3 General and Highway Commercial 25.1 33 0.12 Retail - Nursery - - 3 - 3 FAR: 0.7 ILR: 0.11 Year Built: 1964 Height: 1 Factors for Selection: d, e, f, g, h - MARIE SOLYMOSI 19 1062 AVIATION 4186-001-007 CC Community C-3 General and Highway Commercial 25.1 33 0.11 Retail - Nursery - - 2 - 2 2 1732 Monterey Boulevard 4183-016-028 MD Medium Density/ No Change R-2 Two Family Residential R-2A Medium Density Residential (22) 22 25 0.07 1 Unit - 1 - - 1 FAR: 0.5 ILR: 0.56 Year Built: 1923-1968 Height: Average 1 (5 0-story, 4 1-story, 6 2-story) The St. Cross church site consists of 15 parcels, developed with a church sanctuary and administrative offices, education building (24,000 sq. ft. footprint), 18 residential units (with about 7,000 sq. ft. of 2-story construction), and surface parking lots. The surface parking areas and underdeveloped properties on the site create potential for additional residential units. These parcels are currently functioning as one campus. Leaders at St. Cross Church reached out the City to explore ways to add additional units to their property portfolio, which includes 15 lots with historic church, 18 existing units and parking lots. The church seeks to add housing units for the dual purpose of providing affordable housing to the community and market rate units to help offset costs for affordable units. The church has rented units to homeless veterans, refugees, and formerly to a women’s shelter. Y RECTOR, WARDENS AND VESTRYMEMBERS ST CROSS PARISH HERMOSA BEACH 2 1736 Monterey Boulevard 4183-016-029 MD Medium Density/ No Change R-2 Two Family Residential R-2A Medium Density Residential (22) 22 25 0.07 1 Unit - 1 - - 1 2 1818 Monterey Boulevard 4183-016-040 MD Medium Density/ No Change R-2 Two Family Residential R-2A Medium Density Residential (22) 22 25 1.2 Religious Institution 27 - - - 27 2 302 19th Street 4183-016-033 MD Medium Density/ No Change R-2 Two Family Residential R-2A Medium Density Residential (22) 22 25 0.07 5 Units and Wireless Comm. Site - - - - - 1 1900 Monterey Boulevard 4182-019-001 MD Medium Density/ No Change R-1 Single-Family Residential R-2A Medium Density Residential (22) 22 25 0.08 3 Units - - - - - 1 1908 Monterey Boulevard 4182-019-002 LD Low Density/ MD Medium Density R-1 Single-Family Residential R-2A Medium Density Residential (22) 22 25 0.06 Private Parking Lot 1 1 - - 2 1 1914 Monterey Boulevard 4182-019-003 LD Low Density/ MD Medium Density R-1 Single-Family Residential R-2A Medium Density Residential (22) 22 25 0.06 2 units - - - - - 2 1718 Loma Drive 4183-016-011 MD Medium Density/ MD Medium Density R-2 Two Family Residential R-2A Medium Density Residential (22) 22 25 0.06 2 Units - - - - - 2 1722 Loma Drive 4183-016-012 MD Medium Density/ MD Medium Density R-2 Two Family Residential R-2A Medium Density Residential (22) 22 25 0.06 1 Unit - 1 - - 1 Page 136 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-18 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total 2 1730 Loma Drive 4183-016-035 LD Low Density/ MD Medium Density R-1 Single-Family Residential R-2A Medium Density Residential (22) 22 25 0.1 1 Unit 1 1 - - 2 It is recommended to explore options to help add affordable units, including consideration of SROs or a Planned Unit Development (PUD). St. Cross Church wrote a letter of support for Housing Element recommending RHD zoning. Factors for Selection: a, d, e, g, h 2 1734 Loma Drive 4183-016-036 LD Low Density/ MD Medium Density R-1 Single-Family Residential R-2A Medium Density Residential (22) 22 25 0.1 2 Units - 1 - - 1 2 Loma Drive and 19th Street 4183-016-037 LD Low Density/ MD Medium Density R-1 Single-Family Residential R-2A Medium Density Residential (22) 22 25 0.09 Private Parking Lot 1 1 - - 2 2 Loma Drive and 19th Street 4183-016-038 LD Low Density/ MD Medium Density R-1 Single-Family Residential R-2A Medium Density Residential (22) 22 25 0.1 Private Parking Lot 1 2 - - 3 2 1854 Loma Drive 4183-016-039 LD Low Density/ MD Medium Density R-1 Single-Family Residential R-2A Medium Density Residential (22) 22 25 0.1 Private Parking Lot 1 2 - - 3 2 1902 Loma Drive 4183-023-022 LD Low Density/ MD Medium Density R-1 Single-Family Residential R-2A Medium Density Residential (22) 22 25 0.1 Private Parking Lot 1 2 - - 3 5 565 Pier Avenue 4183-018-013 CC Community SPA-11 Specific Plan 25.1 33 0.24 Multi-tenant Commercial - - 3 3 6 FAR: 0.6 ILR: 0.57 Year Built: 1957-1963 Height: Mostly 1 This 32,000 sq. ft. site is developed with about 16,000 sq. ft. of building footprint. A 7,600 sq. ft. portion (0.037 acre) of the building is currently two stories. Property owner communicated to staff regarding interest in redevelopment. Factors for Selection: a, d, e, g, h Y 555 PIER AVENUE LLC C/O RIVIERA CENTER MGMT CO 5 555 Pier Avenue 4183-018-015 CC Community SPA-11 Specific Plan 25.1 33 0.49 Multi-tenant Commercial - - 6 6 12 Page 137 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-19 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total 4 517 Pier Avenue 4183-018-018 CC Community SPA-11 Specific Plan 25.1 33 0.07 Offices - - - 1 1 FAR: 0.6 ILR: 0.57 Year Built: 1957-1963 Height: 1 Factors for Selection: d, e, g, h - WRAY,RICHARD AND DOLORES TRS WRAY FAMILY TRUST 4 513 Pier Avenue 4183-018-017 CC Community SPA-11 Specific Plan 25.1 33 0.07 Offices - - - 1 1 FAR: 0.7 ILR: 0.37 Year Built: 1939-1957 Height: Mostly 1 (8 1-story and 1 2-story) These parcels are all being accessed from Oak Street behind the buildings with no individual driveways. Shared access is conducive to consolidation. Factors for Selection: d, e, f, g, h - BAKER AND BURTON 4 509 Pier Avenue 4183-018-016 CC Community SPA-11 Specific Plan 25.1 33 0.07 Multi-tenant Commercial - - - 1 1 - WWS PIER LLC 4 507 Pier Avenue 4183-018-007 CC Community SPA-11 Specific Plan 25.1 33 0.07 Multi-tenant Commercial - - - 1 1 - REFOUA LLC 4 445 Pier Avenue 4183-018-006 CC Community SPA-11 Specific Plan 25.1 33 0.07 Multi-tenant Commercial - - - 1 1 4 433 Pier Avenue 4183-018-005 CC Community SPA-11 Specific Plan 25.1 33 0.07 Restaurant - - - 1 1 4 425 Pier Avenue 4183-018-004 CC Community SPA-11 Specific Plan 25.1 33 0.07 Multi-tenant Commercial - - - 1 1 - CAPALDI, DINO AND LEA TRS D AND L CAPALDI TRUST 4 405 Pier Avenue 4183-018-001 CC Community SPA-11 Specific Plan 25.1 33 0.07 Personal Services - - - 1 1 - DANESHMAND, MEHDI K AND ROSA TRS DANESHMAND FAMILY TRUST 4 337 Pier Avenue 4183-018-026 CC Community SPA-11 Specific Plan 25.1 33 0.08 Restaurant - - 2 - 2 - SACKLEY,STUART H TR SACKLEY FAMILY TRUST 4 321 Pier Avenue 4183-017-025 CC Community SPA-11 Specific Plan 25.1 33 0.17 Personal Service ground floor and residential on second floor - - 4 - 4 - HB 321 PIER AVE LLC 4 419 Pier Avenue 4183-018-003 CC Community SPA-11 Specific Plan 25.1 33 0.05 Multi-tenant Commercial - - - 1 1 FAR: 0.6 ILR: 0.38 Year Built: 1955 Height: 1 Y 419 PIER AVENUE LLC Page 138 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-20 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total Owner provided preliminary plans for 4 residential units on 2nd and 3rd floor. Currently zoned commercial only. Zoning development standards to be determined with residential standards. Factors for Selection: a, d, e, f, g, h 4 411 Pier Avenue 4183-018-002 CC Community SPA-11 Specific Plan 25.1 33 0.07 Personal Services - - - 1 1 FAR: 0.5 ILR: 0.42 Year Built: 1945 Height: 1 Owner interested in adding small residential units on 2nd and 3rd floors. Factors for Selection: a, d, e, f, g, h Y AESTHETIC HORIZONS INC C/O JONATHAN DAVID 7 338 Pier Avenue 4187-011-054 CC Community SPA-11 Specific Plan 25.1 33 0.17 Office - - 4 - 4 FAR: 3.84 ILR: 1.65 Year Built: 2010 Height: 2 While this parcel appears newer, it is located between blocks of parcels that exhibit potential for conversion into mixed use development. Office buildings also often have higher FAR and ILR. However, with increased remoting working, this site can present opportunity for redevelopment. This is included only as a RHNA buffer site and is not needed to accommodate the City’s moderate income RHNA. Factors for Selection: b, d - BLAKE HOLDINGS LLC C/O DAVID MCGOVERN 8 400 Pier Avenue 4187-019-037 CC Community SPA-11 Specific Plan 25.1 33 0.21 Offices - - 5 - 5 FAR: 1.0 ILR: 0.60 Year Built: 1915-2010 Height: Primarily 1 (2 1-story and 1 2-story) Potential for office conversion. - BLAKE HOLDINGS LLC C/O DAVID MCGOVERN 8 420 Pier Avenue 4187-019-003 CC Community SPA-11 Specific Plan 25.1 33 0.11 Restaurant - - 2 - 2 - Page 139 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-21 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total 8 422 Pier Avenue 4187-019-022 CC Community SPA-11 Specific Plan 25.1 33 0.23 Multi-tenant Commercial - - 5 - 5 Factors for Selection: d, e, f, g, h PIER PROPERTIES LLC 9 506 Pier Avenue 4187-020-020 CC Community SPA-11 Specific Plan 25.1 33 0.1 Offices - - 1 - 1 FAR: 1.0 ILR: 0.27 Age of Structure: 1925-1966 Height: Average 1 (1 0-story, 1 1-story, 1 2-story) Potential for office conversion. Factors for Selection: d, f, g, h - SAILFISH HOLDINGS LLC 9 514 Pier Avenue 4187-020-032 CC Community SPA-11 Specific Plan 25.1 33 0.1 Private Parking Lot - - 1 - 1 - REDDY, DAMODER P AND SOUMITRI TRS PATI FAMILY TRUST 9 526 Pier Avenue 4187-020-017 CC Community SPA-11 Specific Plan 25.1 33 0.08 Retail Business - - 2 - 2 3 301 Pier Avenue 4183-017-001 CC Community SPA-11 Specific Plan 25.1 33 0.19 Retail Business - - 5 - 5 FAR: 0.6 ILR: 0.87 Year Built: 1959 Height: 1 Factors for Selection: d, e, g, h - SANDY FEET LLC C/O DONALD ENGLISH 6 308 Pier Avenue 4187-011-012 CC Community SPA-11 Specific Plan 25.1 33 0.09 Retail Business - - 2 - 2 FAR: 0.7 ILR: 1.0 Age of Structure: 1923-1944 Height: 1 Common ownership; currently functioning as one site. Factors for Selection: d, e, g, h - VISION HERMOSA 1 0 LLC 6 318 Pier Avenue 4187-011-013 CC Community SPA-11 Specific Plan 25.1 33 0.11 Retail Business and Residential - - 2 - 2 18 1214 Owosso Avenue 4185-015-021 CC Community C-3 General and Highway Commercial 25.1 33 0.1 1 Unit - - 3 - 3 FAR: 0.1 ILR: 0.16 Year Built: 1923 Height: 1 Common ownership; currently functioning as one site. Factors for Selection: d, e, f, g, h - CASNER,CRAIG 18 1055 Aviation Boulevard 4185-015-024 CC Community C-3 General and Highway Commercial 25.1 33 0.05 Vacant Land - - 1 - 1 26 530 6th Street 4188-018-028 CI Light Industrial M-1 Light Manufacturing 25.1 33 0.33 Self-Storage - 4 4 - 8 FAR: 1.4 ILR: 0.97 - HUNT, PRISCILLA TR Page 140 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-22 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total 26 6th and Cypress (530 6th St.) 4188-018-027 CI Light Industrial M-1 Light Manufacturing 25.1 33 0.12 Self-Storage - 1 2 - 3 Year Built: 1946 Height: 2 2-story warehouse building with self-storage use in residential adjacent neighborhood. This is expected to be developed due to zoning changes now allowing residential development. Warehouse building existed in the 1950s when the freight line ran through town. The four parcels are under common ownership that function as a cohesive site with shared access. The property is located in the M1 zone where residential has never been permitted. Rezoning to allow residential uses in M1 will increase redevelopment potential. This rezoning is not comparable to past Housing Element programs, since there were no rezoning programs nor were non-residential sites contemplated at that point. As demonstrated in Table B-2 Redevelopment Trends in the South Bay, there are examples of storage facilities (RV parking, truck storage, equipment rental yard, etc) being converted to housing developments. There is currently also a self-storage site in Carson, within the South Bay, marketed for housing. Factors for Selection: d, f, g PRISCILLA HUNT TRUST C/O HUNT ENTERPRISES INC 26 Valley Drive (530 6th St.) 4188-018-031 CI Light Industrial M-1 Light Manufacturing 25.1 33 0.17 Self-Storage - 2 2 - 4 26 Valley Drive (530 6th St.) 4188-018-008 CI Light Industrial M-1 Light Manufacturing 25.1 33 0.05 Self-Storage - - 1 - 1 27 2nd Street and Pacific Coast Hwy 4186-025-029 CC Community SPA-7 Specific Plan 25.1 33 0.08 Auto Repair - - 2 - 2 FAR: 0.4 ILR: 0.16 Year Built: 1905-1925 Height: <1 (2 0-story, 2 1-story) Common ownership; currently functioning as one site. - GRAND PROPERTY GROUP LLC 27 204 Pacific Coast Hwy 4186-025-028 CC Community SPA-7 Specific Plan 25.1 33 0.15 Auto Repair - - 4 - 4 27 210 Pacific Coast Hwy 4186-025-027 CC Community SPA-7 Specific Plan 25.1 33 0.08 Auto Repair - - 2 2 Page 141 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-23 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total 27 2nd Street and Pacific Coast Hwy 4186-025-002 CC Community SPA-7 Specific Plan 25.1 33 0.05 Auto Repair - - 1 - 1 Factors for Selection: d, e, f, g, h 25 747 5th Street 4188-030-002 SC Service SPA-7 Specific Plan 25.1 33 1 Auto Repair 20 5 - - 25 FAR: 0.4 ILR: 0.29 Year Built: 1923-1978 Height: 1 Factors for Selection: d, e, f, g, h - SMILE LLC AND MARDIKIAN, GEORGE 25 715 5th Street 4188-030-001 SC Service SPA-7 Specific Plan 25.1 33 0.37 Auto Repair/Fitness Center - - - 9 9 - FISHER, ANDREW AND ELIZABETH AND FISHER, ANDREW W 22 635 Pacific Coast Hwy 4187-032-027 SC Service SPA-7 Specific Plan 25.1 33 1 Lumber Yard 20 5 - - 25 FAR: 0.2 ILR: 0.04 Year Built: 1988 Height: <1 (5 0-story, 1 1-story) Site 24 is part of Site 22 owned by the same party. Currently, the two sites function as an integral site. Factors for Selection: d, e, f, g, h - LEARNED, MICHAEL CO TR LEARNED TRUST 24 709 6th Street 4187-033-022 SC Service SPA-7 Specific Plan 25.1 33 0.06 Parking Lot/Lumber Yard 1 1 - - 2 24 721 6th Street 4187-033-021 SC Service SPA-7 Specific Plan 25.1 33 0.06 Parking Lot/Lumber Yard 1 1 - - 2 24 723 6th Street 4187-033-020 SC Service SPA-7 Specific Plan 25.1 33 0.06 Parking Lot/Lumber Yard 1 1 - - 2 24 Pacific Coast Hwy and 6th Street 4187-033-019 SC Service SPA-7 Specific Plan 25.1 33 0.06 Parking Lot/Lumber Yard 1 1 - - 2 24 725 6th Street 4187-033-018 SC Service SPA-7 Specific Plan 25.1 33 0.06 Parking Lot/Lumber Yard 1 1 - - 2 23 600 Pacific Coast Highway 4186-013-019 SC Service SPA-7 Specific Plan 25.1 33 0.36 Auto Repair 6 3 - - 9 FAR: 0.5 ILR: 0.32 Year Built: 1923-1978 Height: Average 1 (1 0-story, 1 1-story, 1 2-story) Site 23 is 0.86 acre, consisting of three parcels with two owners, currently functioning as a cohesive site with shared access, operating as interrelated auto businesses. If consolidated, the site would benefit from the City’s current lot consolidation allowances. Most of the site is automobile-related uses developed with only surface automobile storage/parking or single- - SMILE LLC 23 612 Pacific Coast Highway 4186-013-018 SC Service SPA-7 Specific Plan 25.1 33 0.14 Fitness Studio 2 2 - - 4 23 620 Pacific Coast Highway 4186-013-064 SC Service SPA-7 Specific Plan 25.1 33 0.36 Car Rental Agency 6 3 - - 9 - NOOR ESTATE LLC Page 142 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-24 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total story automobile-related buildings. There is a two-story building with two small office suites above. (At least one office was vacant as of summer 2023). The two-story portion of the building is approximately 1,400 square feet. Factors for Selection: d, e, f, g, h 13 1100 Pacific Coast Highway 4185-011-039 GC Gateway C-3 General and Highway Commercial 25.1 33 0.55 Retail Market 10 4 - 14 FAR: 0.7 ILR: 0.65 Year Built: 1977 Height: Average 1 (1 0-story, 1 2-story) This is a 2.8-acre shopping center with one owner and operating as a cohesive site and would need to be consolidated for shared access if redeveloped. About 0.9 acres are occupied by buildings, with the rest (almost two acres) being surface parking lot and undeveloped land. The site is developed with about 40,000 square feet of building area. All buildings are single story with the exception of one 7,500 square foot portion which is two-story. This two-story portion has been partially vacant for over a year. This indicates that there are no significant second-story encumbrances on the development of the site for mixed use or residential purposes. The 2.8 acre center comprises two parcels. One parcel is 0.55 acre, is coterminous with the footprint of one building and is entirely nestled (landlocked) in the 2.27 acre parcel. As such, the entire site already functions as one cohesive site with driveway access points and internal circulation. Y BACON, STEPHEN F CO TR ROGER E BACON DECD TRUST 13 1100 Pacific Coast Highway 4185-011-061 GC Gateway C-3 General and Highway Commercial 25.1 33 2.27 Parking Lot/Pad Shops 30 6 5 16 57 Page 143 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-25 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total Factors for Selection: d, e, g, h 12 1601 Pacific Coast Highway 4185-011-061 GC Gateway C-2 Commercial SPA-8 25.1 33 1.92 Personal Services with office space 24 8 8 8 48 FAR: 3.7 ILR: 1.80 Year Built: 1988 Height: 0 Given the high vacancy and the reliance on one anchor (gym), there is a likelihood that residential may be a viable conversion. The building also has similar massing as other nearby multi-family residential buildings (like the adjacent one). This property has the potential to redevelop through use of internal conversion into residential. Factors for Selection: b, d, g, h - 1601 PCH LP C/O SHAOUL LEVY 14 900 AVIATION 4186-003-024 CC Community C-3 General and Highway Commercial 25.1 33 0.15 Retail - - 3 - 3 FAR: 0.8 ILR: 0.39 Year Built: 1940-1981 Height: <1 (6 0-story, 5 1-story, 1 2-story) These sites are under common ownership and is about 0.7 acres (30,000 sq ft). About 7,200 square feet of building footprint is two stories. Factors for Selection: d, f, g, h - EDDIE TALBOT TRUST 14 916 AVIATION 4186-003-030 CC Community C-3 General and Highway Commercial 25.1 33 0.21 Retail - - 5 - 5 14 950 AVIATION 4186-003-019 CC Community C-3 General and Highway Commercial 25.1 33 0.05 Parking Lot - - 1 - 1 14 950 AVIATION 4186-003-018 CC Community C-3 General and Highway Commercial 25.1 33 0.05 Parking Lot - - 1 - 1 14 950 AVIATION 4186-003-017 CC Community C-3 General and Highway Commercial 25.1 33 0.05 Parking Lot - - 1 - 1 14 950 AVIATION 4186-003-027 CC Community C-3 General and Highway Commercial 25.1 33 0.08 Parking Lot - - 2 - 2 14 950 AVIATION 4186-003-028 CC Community C-3 General and Highway Commercial 25.1 33 0.14 Multi-tenant Commercial - - 3 - 3 Page 144 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-26 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total 15 1000 AVIATION 4186-002-020 CC Community C-3 General and Highway Commercial 25.1 33 0.07 Multi-tenant Commercial - - 1 - 1 15 1014/1016 AVIAITION 4186-002-013 CC Community C-3 General and Highway Commercial 25.1 33 0.03 Multi-tenant Commercial - - 1 - 1 15 1016 AVIAITION 4186-002-012 CC Community C-3 General and Highway Commercial 25.1 33 0.03 Parking Lot - - 1 - 1 15 1036 AVIATION 4186-002-011 CC Community C-3 General and Highway Commercial 25.1 33 0.03 Parking Lot - - 1 - 1 15 1036 AVIATION 4186-002-021 CC Community C-3 General and Highway Commercial 25.1 33 0.09 Multi-tenant Commercial - - 2 - 2 16 1021 AVIATION 4185-014-015 CC Community C-3 General and Highway Commercial 25.1 33 0.11 Multi-family - - 2 - 2 FAR: 0.4 ILR: 0.57 Year Built: 1947-1962 Height: 1 Factors for Selection: d, e, g, h - HBAVIATION LLC 16 1029 AVAITION 4185-014-015 CC Community C-3 General and Highway Commercial 25.1 33 0.11 Multi-family - - 2 - 2 16 1035 AVAIATION 4185-014-001 CC Community C-3 General and Highway Commercial 25.1 33 0.17 Multi-tenant Commercial - - 4 - 4 29 824 1ST STREET 4186-031-102 CC Community SPA-7 Specific Plan 25.1 33 0.13 Abandoned Office Condos - - 3 - 3 FAR: 0.9 ILR: 0.18 Year Built: 1979 Height: 1 Factors for Selection: c, d, f, g, h - KOCHDVPMT LLC 21 700 Pacific Coast Highway 4186-012-014 SC Service C-3 General and Highway Commercial 25.1 33 0.33 Abandoned Auto Repair - - 4 4 8 FAR: 0.4 ILR: 0.28 Year Built: 1945 Height: 1 Owner communicated to staff regarding interest in redevelopment. Factors for Selection: a. c, d, e, f, g, h Y LOWENSTEIN,JOSEPH R AND GAIL TRS LOWENSTEIN TRUST Page 145 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-27 Site/Area No. Address APN Existing/ Proposed GP Existing Zoning Proposed Zoning Min. Den. Max. Den. Parcel Size (acres) Existing Use Capacity Based on Minimum Density Factors for Selection Owner/ Developer Interest Owners Very Low Low Mod Above Mod Total 30 8 N PACIFIC COAST HWY 4186-031-001 CC Community SPA-7 Specific Plan 25.1 33 0.14 Auto Related 2 2 0 0 4 FAR: 1.03 ILR: 0.15 Year Built: 1955 Height: <1 (3 0-story, 1 1-story) Owner submitted a letter of interest for redevelopment. Factors for Selection: a, d, f, g, h Y 900 North PCH LLC c/o Peter Nolan 30 No Address 4186-031-002 CC Community SPA-7 Specific Plan 25.1 33 0.14 Auto Related 1 2 0 0 3 30 18 N PACIFIC COAST HWY 4186-031-003 CC Community SPA-7 Specific Plan 25.1 33 0.25 Auto Related 3 3 0 0 6 30 26 N PACIFIC COAST HWY 4186-031-036 CC Community SPA-7 Specific Plan 25.1 33 0.21 Auto Related 2 3 0 0 5 31 1734 PACIFIC COAST HWY 4185-002-007 CC Community SPA-8 Specific Plan 25.1 33 0.13 Retail 0 0 3 0 3 FAR: 0.14 ILR: 0.29 Year Built: 1952 Height: 1 Only occupied by a 1-story single-family home. Owner submitted a letter of interest for redevelopment. Factors for Selection: a, c, d, e, f, g, h Y Egerer, Joseph J and Egerer, Thomas C 31 1706 PACIFIC COAST HWY 4185-002-014 CC Community SPA-8 Specific Plan 25.1 33 0.17 Retail 0 0 4 0 4 Total 224 129 171 80 604 Notes: *Income level assigned to lower for parcels at least 0.5 ac. and smaller parcels that can be consolidated, or moderate for other small parcels less than 0.5 ac. Site 7 is excluded as a site to meet the RHNA as it only meet two of the five criteria for underutilization. Page 146 of 150 Hermosa Beach 2021-2029 Housing Element Appendix B – Land Inventory Housing Element Technical Report Adopted December 21, 2021 / August 8, 2023 CERTIFIED August 1, 2024 Revised January, May, June 2024 B-28 Figure B-1 Sites Inventory Page 147 of 150 November 17, 2025 City of Hermosa Beach 1315 Valley Drive Hermosa Beach CA 90254 RE: Mixed-use and Land Value Recapture Dear City Council and Mayor: The Hermosa Beach Chamber of Commerce and Visitors Bureau supports mixed-use development as a strategy to strengthen downtown vitality, enhance foot traffic, and attract private investment into our commercial corridors throughout the year. However, since the Land Value Recapture (LVR) Program was adopted in 2023, no mixed-use applications have been submitted on the small downtown lots subject to the fee. This lack of investment underscores that the program, as currently structured, has created a barrier to redevelopment rather than an incentive. These small parcels face physical and financial limitations that make new construction challenging even before the fee is applied. Even a reduced LVR fee would continue to make these projects infeasible. Smaller sites cannot offset the cost through economies of scale or density bonuses, nor can they blend affordable and market-rate units to balance returns. As a result, the program has stalled all reinvestment interest in these small commercial lots. Both Manhattan Beach and Redondo Beach do not impose a Land Value Recapture fee on mixed-use development, placing our City at a competitive disadvantage when it comes to attracting investment and achieving long-term revitalization goals. To better align the City’s housing, economic development, and sustainability objectives, the Chamber respectfully recommends that the City: 1. Exempt Small Downtown Lots from the LVR fee entirely. a. This exemption recognizes the unique physical and financial constraints of our City’s small downtown lots, which cannot utilize density bonuses or achieve the scale needed to make development feasible. b. It also aligns with City Council’s recent direction to the Planning Commission to exempt our small downtown commercial lots from an LVR fee. Page 148 of 150 2. Streamline the Review Process for small mixed-use projects by allowing qualifying proposals to undergo Administrative Review. a. Expediting approvals for small, low-impact projects would reduce costs and delays, making these developments more achievable. b. Streamlining is consistent with the City’s Economic Development Strategy #28, which emphasizes increasing certainty and reducing approval times through improved efficiency. c. This approach would promote reinvestment while maintaining appropriate design oversight. Together, these actions would strike the right balance, protecting public interests while unlocking the potential of small lots that have remained underutilized for years. The Chamber appreciates the City’s continued collaboration in fostering downtown revitalization while preserving our City’s character and local business base. By exempting small lots and streamlining their review, our City can remove barriers to progress, encourage local reinvestment, and demonstrate leadership in practical, community-based economic development. Thank you for your consideration and continued partnership with our business community. Thank you for your consideration, Board of Directors Hermosa Beach Chamber of Commerce & Visitors Bureau Page 149 of 150 Page 150 of 150