https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2471559&GUID=ECF4BB23-44B2-4F81-AE81-350B8D33B472Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=2471559&GUID=ECF4BB23-44B2-4F81-AE81-350B8D33B472ECF4BB23-44B2-4F81-AE81-350B8D33B472-2026-05-26-06-10-44Title: WE THEREFORE MOVE that the Board of Directors instruct the Chief Executive Officer to take the following actions: 1. Amend the Joint Development Policy to: a. Define affordable housing as housing that is covenant-controlled, provided on an income-restricted basis to qualifying tenants earning 60% or less than Area Medium Income as defined by the CA Tax Credit Allocation Committee, and often subsidized by public or non-profit funding sources; and b. Include language that promotes the consideration of affordable housing that has deeper affordability, including the creation of new units affordable to very low-income and extremely low-income households; and 2. After implementation, further analyze the proposed land discount policy to evaluate whether it can be used as a tool to encourage the development of more very low or extremely low income units and report back to the Board within 120 days with a summary of the potential benefits and consequences to linking the land discount to the percentage of very low or extremely low income units in a project. 3. A percentage ofTue, 26 May 2026 06:10:44 GMT