General Plan - Moreno Valley

CHAPTER 8 – HOUSING8.5.11 Cottonwood Place ApartmentPhase IIIn early 2000, Palm Desert DevelopmentCorporation (PDDC) sought approval forPhase II of Cottonwood Place Apartments,proposing to develop 61 apartments. Of thenew units added, 54 would be reserved forvery low-income households at rents notexceeding an overall project average of48.25% of the Riverside County medianincome. However, PDDC did not receive aFederal tax credit allocation for phase II. Itis anticipated that within the next two yearsan allocation may be received and at thattime a dollar amount will be budgeted forthis particular project.Cottonwood Place ApartmentsPhase IIRDA FY 2000-01 $762,0008.5.12 Funds Available for PreservingUnits at Risk of ConversionThe City of Moreno Valley does not havehousing units at risk of conversion duringthe five-year planning period (Table 14). Allaffordable multi-family units assisted by theCity have affordability requirements. Unitswith affordability requirements have asignificant time of affordability remaining. Atthis time there is no need to designate fundsfor the preservation of units at risk ofconversion.8.6 CONSTRAINTS ON HOUSINGThe availability of affordable housing for allincome levels can be impacted by a varietyof factors. Some of the factors are marketrelated, such as financing, land costs andconstruction costs.8.6.1 Governmental ConstraintsMORENO VALLEY GENERAL PLANdevelopment standards, fees, andenvironmental concerns. As part of theHousing Element analysis, jurisdictions arerequired to analyze both governmental andnon-governmental constraints on the supplyof affordable housing.8.6.2 Land Use ControlsThe General Plan, Specific Plans andDevelopment Code (Title 9 of the MunicipalCode) establish standards and guidelinesfor the use and development of land withinMoreno Valley. They consist of land usemap(s), goals, objectives, policies andordinances that set forth the rules regardingthe distribution, density and design ofhousing projects as well as individualresidences.The City’s land use controls allow for a widevariety of housing types and densities.Neighborhoods range from rural to urban incharacter, from single-family homes onlarge lots to multifamily housing of twentydwellings per acre. Tables 8-20-23 is asummary of the residential land use andzoning designations for Moreno Valley. Asof the year 2000, there was an extensiveamount of undeveloped land in the City,encompassing the entire range of housingchoices. Land availability and zoning for alltypes of housing is not a constraint onhousing in Moreno Valley. The primaryconstraint on the development of multifamilyhousing has been a marketconstraint. The market has not deemed itprofitable enough to construct multi-familyhousing. During the last housing elementreporting period (1990-1997), all of themulti-family housing constructed in the cityhas been done with the financial assistanceof the Redevelopment Agency of the City ofMoreno Valley. However, with an improvedeconomy it is anticipated that the marketconstraint on multi-family housingconstruction will diminish.By comparison, other constraints are relatedto governmental requirements such asPage 8-50 July 11, 2006