Ordinance No. 19777 - Laserfiche WebLink

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residential lands study, medium density residential land allocations are extremely tight, especially when contrasted with industrial land allocations. The draft residential lands study shows a projected medium density residential demand of 134Q-144a buildable acres over the long-term plaruung period. The long-term, unadjusted gross supply of land designated either in the plan or on a zoning snap, is 1,339 acres, less than the lower of the two projected figures. The actual supply of medium density land not subject to physical constraints, such as wetlands, flood plains, and severe slopes, is 287, or less than 25 percent of the designated land. These constraints do not include nonphysical but very real constraints such as the unavailability of services, off-site development costs, and location outside city limits, which subjects unincorporated sites to the complex and uncertain vagaries of the annexation process. Not surprisingly, the exclusive status of that site and the limited number of other, smaller sites, has raised their market value to the range of $25,000 or more an acre u , an amount P which, financed with the rest of the development package, would rase the rent of each unit in the proposed project by $75-$10a a month, rendering them unaffordable for a significant portion of those whom the project is intended to serve. The applicant, in consultation with area realtors and Iocai Iand use officials, reviewed a variety of candidate sites and found none that were realistically available for immediate development, A narrative of his efforts is in the record, as is a detailed review of medium- density sites over to acres, prepared by land use consultant Jim Saul, which confirms that the supply is indeed very tight. By contrast, the draft study on Industrial Land supply and demand shows that the short- term supply alone far exceeds not only short-term demand but long-term demand. Short- term supply is 1,94? acres. Short-term demand is 228 to 410 acres. Long-term demand is 65o to 1,170 acres. The grass supply of industrial land is 4,039 acres. The long-term buildable supply is 3,604 acres. Currently constraint-free land is 1,688 acres. Both short-term supply and constraint-free industrial lands outpace long-term supply. It should not be surprising that, under the circumstances, it is not passible to find land in the Eugene-Springfield ll~etro Area which is suitable, affordable, and properly designated for low-income housing of any kind. This deficiency in the area's planning for affordable housing could not come at a worse time. During the 10 years since the Metro Plan was acknowledged, the problem of affordable housing has grown steadily worse, both nationally and here in central Lane County. Nationally, the 1988 report, State of the Nation's Housing, containing recommendations of the National Housing Task Force, paints the following bleak picture: "America is increasingly become a nation of housing haves and have-Hots." Springwood Plan Amendment Application Applicant's Proposed Findings March 20,1991 Drab Page 14