The City recognizes the need to provide affordable housing in order to create and maintain a diverse population and to provide housing for those who live or work in the City. Since the remaining land appropriate for new residential development is limited, it is essential that a reasonable proportion of such land be developed into affordable housing units.
Quality rental housing that is affordable to an average wage earner is scarce. Our community's housing cost has outpaced local incomes. As rents rise but wages stay the same, workers that we depend on are priced out. Without a diverse workforce, our economy suffers. Lower housing costs make sure that people can live where they work, which has the added benefit of reducing traffic.