Belmont’s housing stock began to grow following the adoption of its general and downtown plan along with various zoning amendments last year — a trend that has continued into 2018.
Belmont constructed 113 units in 2017, 109 of which at the above moderate income level and four at the moderate level, according to the city’s Housing Element Annual Report, which was presented at a council meeting last week.
“For Belmont these are pretty significant numbers,” Councilman Warren Lieberman said. “As I reflect on how Belmont has changed over the past several years, this is remarkable stuff, really good news.”
In both 2015 and 2016, by contrast, Belmont built just seven above moderate-income units.
The Housing Element Annual Report must be submitted to the California Department of Housing and Community Development by April 1 each year. Like all California cities, Belmont’s general plan is required to include a Housing Element, which outlines the city’s plan for accommodating housing needs.
Those housing needs are determined by HCD through The Regional Housing Need Allocation, or RHNA, process, which is updated every eight years. For the 2015-2023 RHNA cycle, Belmont’s goal is to build 468 total units. It has constructed 127 units since the cycle began in 2015 with 341 left to go. The 341 total units remaining in the RHNA goal include 99 above moderate-, 63 moderate-, 63 low- and 116 very low-income units.
“This scorecard gives us a great snapshot about what lies ahead of us in continuing to do the right thing,” said Mayor Doug Kim.
Belmont Management Analyst Jennifer Rose said there are 269 units in the pipeline, adding that the city is also seeing more applications for accessory dwelling units, also known as in-law units, because of recent zone changes.
Two multi-family developments on El Camino Real represent the bulk of the units built in 2017, Rose said. Other developments in the works on Hill Street and at Firehouse Square will bring affordable units in all income categories.
“The city will get close to achieving its RHNA number this planning period,” Rose said. “It’s safe to say we’re trending in the right direction.”
(650) 344-5200 ex. 102