Recommendation to declare ordinance amending the Long Beach Municipal Code by amending and restating Chapter 21.67 relating to Inclusionary Housing, read and adopted as read.  (Citywide)
Great. Next the next item will be let's go through the four ordinances. And then we have we do have a report for the an end of year budget performance. So let's kind of quickly go to the first reading of the ordinances and then we'll go back to our final item. But the 24. Report from City Attorney Recommendation of declare ordinance amending the Long Beach Municipal Code relating to inclusionary housing. Read the first time and later to the next regular meeting of City Council for final reading and declare the ordinance amending the Long Beach Municipal Code relating to no net loss of affordable residential housing units in the city. Read the first time and later to the next regular meeting of City Council for final reading and adopt a resolution amending Resolution Number E. s-21-0006. Establishing automatic adjustments to the existing inclusionary housing in lieu fee citywide. It was a motion in a second. Any public comment on this? If any members of the public would like to speak on this item, please use the race hand feature or press star nine. Our first speaker is Ileana. I will be very quick whether there's time or not. I commend only liberate commend the Council for getting the inclusionary ordinance approved in its just in time. As was mentioned earlier, we are very concerned about the stability of the subsidized rent and the tax credit subsidized rents in the senior buildings. They are now, all of them, pretty much old enough to be coming to the end of contracts and covenants. And it is going to be very important that we have the protection of inclusionary. No net loss. Policy here in the city to. Protect and preserve. What we have in the way of affordable housing. Thank you. Our next speaker is Tiffany on Davy. Good evening. If you see my be. I just want to just briefly go over just a few numbers. When I'm thinking about affordable, I think about, you know, being a lifelong Californian, the energy and ability of that for a majority of the population, as well as those who seek services that make, you know, a living wage for some of those. I'll just highlight to recently online within the past year and a half buildings. One building in particular. Two bedrooms are renting for $15,945 a month. One year, that's $181,240. That ran over five years. 956,000. But it has a ripple effect throughout the city, changes the rest of the environment of when we're talking about rentals and what others see and believe the market to be, as well as the reaction when we're going through tragedy and. And again, it is a disaster that affected every resident within the city, whether they were businessmen or not, worker or not, those living on fixed incomes or those again. Being paid non-verbally wages. Another building that just went up recently. I believe that rent. Oh, let's see. As about 13,000. This is the three bedroom, $13,360 per month. That's one year, 160,325 years, $801,000. So when we're looking at development and these density bonuses, we do understand the structure historically. But where they are coming from and really the challenges for legislatures across the nation, if not those also adopting the rate development scheme, you know, are volatile. Thank you for the work that you all do. I know this isn't really something that any one of you created. However, we all do have a part in the solution. Thank you so much. Thank you. That concludes public comment. For this item. Thank you, gentlemen. Alan, give any comments? I just want to say that I'll be pleased to support this audience today. Thank you. Gotham Brosnan. Okay. Great. But please. District one. I district to. My. District three. I. District four. I. District five. I. District six. II. District seven. I. District eight. II. District nine. Yes. Motion is carried. Thank you. Item 25. And I do. I know the city attorney has a few comments at the start of the item and then we'll do public comment. And in a moment about.