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<br />December 10, 2018, Work Session – Item 2 <br />vii. During the first two years (July 2019 – June 30, 2021), the City will offset the cost of the CET paid by an applicant by an equivalent reduction in Systems Development Charges. viii. During the first two years (July 2019 – June 30, 2021), designate City funds, equivalent to the reduction in SDCs, to the appropriate SDC fund. ix. Designate $500,000 per year of City funds to the Affordable Housing Fund. x. Council review of program every two years beginning in 2021. <br />Option 2. Direct the City Manager to address housing affordability, availability and diversity by implementing the following. A. Reduce the Cost of Housing Production, as described in Option 1. B. Increase Local Funding to Address Housing Affordability Prepare a draft ordinance for council consideration and schedule a Work Session to discuss a Construction Excise Tax to support an Affordable Housing Fund. The ordinance will have the provisions described in Option 1. <br />Option 3. Amend Option 1 or Option 2 <br />Option 4. Take no action at this time. <br />CITY MANAGER’S RECOMMENDATION Option 1. <br />SUGGESTED MOTION Move to direct the City Manager to address housing affordability, availability and diversity by addressing the cost of housing production and increasing local funding to address housing affordability, as described in Option 1. <br />ATTACHMENTS A. City of Eugene–Housing Work Happening Now B. Housing Tools and Strategies Working Group members C. Housing Tools & Strategies Final Report, from Carrie Bennett, Learning Through Difference, LLC D. Eugene Housing Tools & Strategies Evaluation Summary Report, from Strategic Economics E. Better Housing Together description F. Supporting Materials for Council Options <br />FOR MORE INFORMATION Staff Contact: Anne Fifield Telephone: 541-682-5451 Staff E-Mail: afifield@eugene-or.gov <br />