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10/4/2023 - Meeting Materials REGULAR MEETING OF THE REDEVELOPMENT ADVISORY COMMITTEE Wednesday, October 4, 2023 4:00 p.m. 451 S State Street Room 118 Salt Lake City, Utah 84111 https://us06web.zoom.us/i/87069626829?pwd=QmN6MHRIcUlYMONZWTFOb3FQTOQOUT09 AGENDA 1. Roll Call 2. Announcements by the Staff A. Staff Updates 3. Approval of the minutes A. Review and Approval of the September 6, 2023 Minutes Members will review the September 6, 2023 meeting minutes and consider for approval. 4. Business A. High Opportunity Areas: Proposed Map Update—Austin Taylor, Project Manager and Tracy Tran, Senior Project Manager Members will receive an update on the proposed map of the High Opportunity Areas and may provide a recommendation to the RDA Board of Directors. 5. Adjournment People with disabilities may make requests for reasonable accommodation no later than 48 hours in advance to attend this Redevelopment Advisory Committee. Accommodation may include alternate formats, interpreters, and other auxiliary aids. This is an accessible facility. For questions, requests, or additional information, please contact the RDA at 801-535-7240. MINUTES OF THE REDEVELOPMENT ADVISORY COMMITTEE September 6, 2023 The following Members were present: Mojdeh Sakaki, Baxter Reecer, Rosa Bandeirinha, Nic Peterson, Mark Isaac The following Members were absent: Brian Doughty, Amy Rowland Present Agency Staff: Danny Walz— Director, Cara Lindsley— Deputy Director, Ashley Ogden - Senior Project Manager, Marcus Lee— Project Coordinator, Tracy Tran —Senior Project Manager, Robyn Stine - Office Manager Present City Staff: Allison Parks—Senior City Attorney Present Guests: Luke Garrott Business: 1. Announcements by the Staff None 2. Progress Update: Station Center Vision & Implementation Plan—Ashley Ogden, Senior Project Manager Ashley Ogden, Senior Project Manager, provided an update on the Station Center Vision & Implementation Plan. Ms. Ogden said staff began working with a group of consultants including Perkins+Will, HR&A Advisors, Kimley-Horn, and Phil Myrick, in February 2023 to establish a vision and implementation plan for Station Center, an assemblage of RDA-owned property in the Depot District between 200 and 400 South and 500 and 600 West. She noted the consultants will be in Salt Lake City to meet with stakeholders and to attend the September RDA Board meeting and encouraged the RAC members to attend for an even more comprehensive update. Ms. Ogden first shared the draft Design Framework, which is organized around the district theme of 'community health and wellness,' and identifies spaces for the arts, culture, local food options, home-grown entrepreneurs, life sciences industry anchors, and sports & recreation. 300 South will be reconstructed into a pedestrian-focused festival street, and part of 500 West will be redesigned as part of the larger Green Loop system. Ms. Ogden said potential district governance mechanisms should accommodate a living/breathing development with constant programming and activation. She said the consultant study should be completed by the end of the year and will include a recommended phasing strategy. The RDA will design and construct the district's public improvements and will release RFPs for private developers to make proposals for specific sites. Discussion: • It was mentioned that this project needs a catalyst, a trigger mechanism to get the area off and running, an initial visionary who is willing to come in and be the pioneer. • It was mentioned that a separate planned project to connect 500 West under the North Temple Viaduct from Hardware to Gateway will help to make the 500 West plans on this project successful. • It was commented that having a connection through the Rio Grande Depot between 500 West and Pioneer Park would be great. • It was stated that without housing it would be difficult for the project to be successful. • It was recommended to directly address how this plan may impact the unsheltered community, many of whom currently reside in this area. • A comment was made about the lack of connectivity to the east. • A question was raised about who would handle the cost of the utility work. It was stated that the RDA is committed to funding the infrastructure needed, including utilities and buildout of the street network. 3. Adiournment There being no further business the meeting was adjourned. Mojdeh Sakaki, Chairperson This document along with the digital recording constitute the official minutes of the Redevelopment Advisory Committee held September 6, 2023. MAYOR ERIN MENDENHALL DANNY WALZ Executive Director ;; ;i . Director n IV W - r'= REDEVELOPMENT AGENCY of SALT LAKE CITY STAFF MEMO DATE: September 29, 2023 PREPARED BY: Austin Taylor, Project Manager Tracy Tran, Senior Project Manager RE: High Opportunity Areas: Proposed Map Update REQUESTED ACTION: Review and consider approving updated data set, ranking methodology, and map for High Opportunity Areas POLICY ITEM: Affordable Housing BUDGET IMPACTS: The RDA currently has $2.7 million budgeted to fund affordable housing projects in High Opportunity Areas EXECUTIVE SUMMARY/BACKGROUND The Redevelopment Agency of Salt Lake City("RDA") is proposing an update to the data set, ranking system, and eligibility map of the City's High Opportunity Areas. The High Opportunity Area map identifies Census Tracts in Salt Lake City in which low-income households have convenient access to physical and social assets (such as employment, education, and high-income neighbors)that increase their chance of improving their economic situation. In 2015, the Kern C Gardner Policy Institute created the Opportunity Index. The Index used a set of economic- and housing-related metrics (such as median household incomes, home ownership rates, and housing cost burden rates)to determine Census Tracts in Salt Lake City in which low-income households would have the greatest opportunity of improving their economic situation. In 2017, the RDA Board,using the Opportunity Index, set aside $4.5M to finance affordable housing development within High Opportunity Areas. Since then, the RDA Board has received and approved one loan application for these funds. RDA staff seeks to update the High Opportunity Area map to expand affordable housing funding opportunities and incentives. The RDA's proposed update includes the following changes: SALT LAKE CITY CORPORATION 451 SOUTH STATE STREET,ROOM 118 WWW.SLC.GOV-WWW.SLCRDA.COM P.O.BOX 145518,SALT LAKE CITY,UTAH 84114-5518 TEL 801-535-7240-FAX 801-535-7245 1. An expanded data set with the most current data available and a more wholistic view of community assets 2. A revised ranking system that factors in a wholistic set of metrics and prioritizes housing and economic data 3. An updated map,using revised data, which shows the Census Tracts in which affordable housing projects are eligible for High Opportunity Area loans CHALLENGES WITH CURRENT HIGH OPPORTUNITY AREA MAP RDA staff is proposing to update the High Opportunity Area Map because of the following challenges: I. The current map's data—from 2011 to 2015is outdated 2. The current data set's metrics do not acknowledge many important community assets that increase a low-income household's ability to improve their economic situation, such as crime rates,proximity to childcare, and education level of the neighborhood population 3. Land within the current map's eligible Census Tracts is difficult to develop affordable housing on for one of more of the following reasons: a. Large areas zoned for only single-family detached housing b. Limited area zoned for multifamily housing c. Historic district overlays d. Small parcel sizes e. Few vacant parcels f. Lack of IRS-designated Qualified Census Tracts and Difficult Development Areas, which boost a Low Income Tax Credit-funded project's tax credit eligibility by up to 30% Together, these challenges have limited the number of affordable housing developments the RDA has been able to fund within high opportunity areas. The RDA currently has $2.7 million in funds set aside from the initial $4.5 million 2017 allocation. PROPOSED HIGH OPPORTUNITY AREA DATA AND MAP UPDATE RDA staffs proposed update to the High Opportunity Area data and map includes the following changes: 1. Updated the Opportunity Index model data sources with current data. 2. Additional metrics that acknowledge a more wholistic set of community assets 3. A new data weighting system that factors in a wholistic set of metrics and prioritizes housing and economic data 4. Removed Census Tracts without residential zoning (such as Northwest Quadrant and other industrial land) 5. Removed Census Tracts that have only a small portion of land inside Salt Lake City boundaries 6. After updating the map with the changes listed above, two Census Tracts that were surrounded entirely by High Opportunity Area Census Tracts, but did not show up as High Opportunity Area Census Tracts. These two Census Tracts were added as High Opportunity Area Tracts to prevent islands in similar neighborhoods. These changes to the data set and weighting system update the map of Census Tracts in which affordable housing development projects are eligible for High Opportunity Area funding. The proposed map would remove Census Tracts in the East Central and Sugar House neighborhoods while adding Census Tracts in The Avenues, Central City, East Central, East Liberty, Liberty Wells, and Sugar House neighborhoods. Many Census Tracts in Yalecrest, Wasatch Hollow, Foothill, East Bench, and Bonneville Hills remain. This proposed change would increase the overall land area and more than double the land area that allows for multifamily dwellings classified as High Opportunity Areas. NEXT STEPS Following input from the Redevelopment Advisory Committee, RDA staff will take this item to The RDA Board for consideration. PREVIOUS BOARD ACTION • In 2017, the RDA Board set aside $4.5M to finance affordable housing projects in High Opportunity Area Census Tracts • In 2019, the RDA Board approved a$1.8M loan for Richmond Flats affordable housing project at 2960 South Richmond Street ATTACHMENTS A. Current vs Proposed Metrics and Data Weighting B. Current vs Proposed High Opportunity Area Census Tracts C. Proposed High Opportunity Area Map ATTACHMENT A: CURRENT VS PROPOSED METRICS AND WEIGHTING oescription MM r•r •r Unemployment Percentage of civilian labor force age 16 and over without a job. Yes Yes Ix 2x Poverty Food Assistance/SNAP Percentage of households receiving Food Assistance/SNAP Benefits in the last 12 Yes Yes Ix 2x Benefits months. Income a _--- lod,. Total number of jobs accessible by car and transit. Yes Yes 1x 2x Commute Time —A _--- Cliddcare Fau,ities Proximity to childcare facilities. No Yes 1x School Report Card Mean school score reported by the Utah State Board of Education School Report Yes Yes 1x 1x Card. Bacheleft ag m I _--- Crinre Mean count of crimes recorded by the SLCPD in the last 12 months. No Yes 1x Grocery Stores mity 10 grocery stores. _--- Open Space F ru-city x;_i,- �a_, No Yes 1x Tilansit Proximity to transit stops including -__— stations. Community Services Proximity to community services Including food banks,human services.and No Yes lx government offices. Community Centers —I -__— Jw nsured Percentage of the population without health insurance. No Yes 1x Asthma AiM _--- Obesity Percentage of the adult population with obesity. No Yes 1x lation with depression. —_--- Healthcare Facilities Proximity to healthcare facilities. No Yes 1x Hom 'occupied housing units occupied ny the Cust Burden Percentage of 1_1- -1 1 _.per-,Ilia ro,e tnan 3Ui;of income on housing costs. No Yes Ix Home Value of owrleFO euft _--- F,{mily Sized Units Percentage of housing units with 3 or more bedrooms. No Yes Ix Crowding z _--- Occupied Units Percent of units that are Occupied Yes Yes lx 1x low-ComLoans _ _--- ATTACHMENT B: CURRENT VS PROPOSED HIGH OPPORTUNITY AREA CENSUS TRACTS r Black Mounfain,ti r�Week Ga s�``R' Y -vs WHO Laake Lake Current High Opportunity Area Census Tracts Proposed High Opportunity Area Census Tracts ATTACHMENT C: PROPOSED HIGH OPPORTUNITY AREA MAP t la. - jow IV Legend High Opportunity Muitifaniiy Zones . .00' .� ti - High Opportunity Census Tracts P A# Aajacont Census Tracts v S raft- i r r� Y