PL PACKET 07152025 - Laserfiche WebLink

Home Browse Search

Planning Commission Regular Meeting Minutes June 17, 2025 Page 8 1 The second presents modifications and updates to Chapter 152, which is the City's existing Rental 2 Housing ordinance section. 3 4 Staff request comments from the Planning Commission, and a recommendation to the City Council 5 on adoption as presented, or with modifications as directed. The Planning Commission may 6 recommend approval of the rental housing ordinances as presented, with modifications, or denial as 7 preferred. 8 9 Also provided to the Commission for consideration were the Public hearing notice, draft ordinance, 10 and draft informal ordinance. 11 12 Chair Socha asked for a recap of the discussion at the work session that she was unable to attend. Mr. 13 Grittman stated that there were concerns expressed about how this would be monitored and managed. 14 Any corporate or limited liability company would need to register with the State. Applicants would 15 be requested to identify their ownership interest, and falsification of an application would result in 16 denial. The intent is to limit large corporate ownership of single-family homes. This would ward off a 17 situation before it becomes a problem. 18 19 Commissioner Corneille stated he does not recall a discussion on capping corporate ownership. Mr. 20 Grittman stated that the materials dealt with that as an issue brought forward by the Staff. 21 Commissioner Corneille stated there was a discussion of the percentage. 22 23 Chair Socha asked for comments about capping ownership at 4 units. Commissioner Erickson stated 24 that it would prevent, but he is not sure how that would be compared to the 10% rule, which may 25 satisfy some of those concerns as well. It would avoid any mass ownership of rental properties by any 26 one entity. Chair Socha referred to the goals, including affordable housing. 27 28 Commissioner Erickson stated that the goal is to preserve naturally occurring affordable housing. 29 There has also been discussion about the character of communities and neighborhoods. He has heard 30 about preserving generational wealth. 31 32 Chair Socha noted that not having unintended consequences for overall affordable housing is 33 included in rentals. 34 35 Commissioner Corneille stated that with a restrictive ordinance such as this, what would be the cost? 36 At what cost are we willing to meet those goals? We would like to preserve naturally occurring 37 affordable single-family housing for those who can afford to put down payment and purchase a home. 38 We would exclude those who must rent. Ms. Morello stated that it has been discussed to put 39 protection in place for large corporate ownership. 40 41 Chair Socha asked if there are any owners with more than 4 properties. Commissioner Corneille 42 stated he would be over that cap. Commissioner Mayne stated that Commissioner Corneille may be 43 the only one. Commissioner Corneille stated it is unknown, as there is no reporting requirement. 44 45 Commissioner Mayne asked Mr. Grittman if there are others, and He stated that a couple of years 46 ago, there was only one. Commissioner Corneille stated that he is under different LLCs.