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CC Resolution 2021-010 Lift to Rise Pledge for Housing & Opportunity RESOLUTION NO. 2021 - 010 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA QUINTA, CALIFORNIA, TO SUPPORT THE WE WILL LIFT: REGIONAL PLEDGE FOR HOUSING AND OPPORTUNITY WHEREAS, one in two individuals in the Coachella Valley earn at or below 200% of the federal poverty line; and WHEREAS, wages in the Coachella Valley are half of what they need to be to afford the Fair Market Rent for a median two-bedroom apartment; and WHEREAS, more than half of Coachella Valley renters are housing cost burdened, or paying more than 30% of their monthly incomes on rent, and one third of renters pay more than half of their monthly incomes on rent; and WHEREAS, people of color in the Coachella Valley face higher rates of rent-burden, eviction, and are more likely to experience homelessness; and WHEREAS, COVID-19 has had a devastating impact on the economic well-being of families in the Coachella Valley; and WHEREAS, high development costs, long development timelines, infrastructure gaps, and incompatible land uses pose barriers to the development of more affordable housing units the Coachella Valley; and WHEREAS, Lift to Rise is a local collective impact organization working to achieve a future where all Coachella Valley families are healthy, stable, and thriving; and WHEREAS, Lift to Rise and a cross-sector network of partners have developed a plan to achieve increased housing stability and economic mobility by: • Advancing a community-valued pipeline of investable projects that will result in 2,000 units of affordable housing in the next two years; and • Implementing affordable housing friendly policies that will facilitate the planning, approval, and construction of affordable housing units in the shared pipeline; and • Driving a regional investment vehicle to invest in and catalyze the development of affordable housing across the region; and Resolution No. 2021 - 010 Support of We Will Lift: Regional Pledge for Housing & Opportunity Adopted: April 6, 2021 Page 2 of 3 • Building pathways to economic mobility and security for residents experiencing poverty. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, California, as follows: SECTION 1. As part of the City's ongoing efforts to promote housing stability and economic mobility for all residents, the City Council of the City of La Quinta hereby pledge our support to a shared, concrete, and forward - thinking plan by signing the We Will Lift: Regional Pledge for Housing and Opportunity attached hereto as "Exhibit A". PASSED, APPROVED, and ADOPTED at a regular meeting of the La Quinta City Council held on this 6th day of April, 2021, by the following vote: AYES: Council Members Fitzpatrick, Pena, Sanchez, Mayor Evans NOES: None ABSENT: None ABSTAIN: Council Member Radi LIN A EVANS, Mayor City of La Quinta, California Resolution No. 2021 - 010 Support of We Will Lift: Regional Pledge for Housing & Opportunity Adopted: April 6, 2021 Page 3 of 3 ATTEST: MONIKA RADEVA, ClClerk City of La Quinta, Ca Ifornia (CITY SEAL) APPROVED AS TO FORM: WILLIAM -H. IHRKE,—City Attorney City of La Quinta, California Lift to Rise seeks to radically change the trajectory of opportunity and affordability in the Coachella Valley. Transforming our community into a place of opportunity for everyone requires changing the policies and practices that affect how investment flows throughout our region to ensure every Coachella Valley family has safe and affordable housing, and stable and satisfying employment with opportunities to thrive. WE WILL LIFT REGIONAL PLEDGE FOR HOUSING AND OPPORTUNITY COVID-19 has had a devastating impact on the economic well-being of families in the Coachella Valley. Unemployment and sudden losses in household income have worsened conditions for many families in a region where incomes were already on the decline. The lack of affordable housing in the region is exacerbating a growing economic and quality-of-life divide fueled by the alarming rise of rent burden— a marginalizing phenomenon reshaping resident quality of life and opportunity across our region. We must address the underlying causes and consequences of housing and economic instability in the Coachella Valley, and the time to do so is now. Lift to Rise has an ambitious Action Plan that uplifts our region’s story, builds local strength, and catalyzes change. Pre-COVID, one in two individuals earned at or below 200% of the federal poverty line. Wages are half of what they need to be to afford the Fair Market Rent for a two-bedroom apartment. More than half of renters are housing cost burdened and one third of renters pay more than half of their monthly incomes on rent. People of color face higher rates of rent- burden, eviction, and are more likely to experience homelessness. 1 1 / 3 RESOLUTION NO. 2021-010 EXHIBIT A As public and private organizations, we will assign a representative to align our policies, practices, and resources in a way that advances this plan. As community members, we will shape the ongoing development and implementation of this plan and hold ourselves and partners accountable to realizing community priorities. Together in Unity, Advance a community- valued pipeline of investable projects that will result in 2,000 units of affordable housing in the next two years. Work with city, county, and state governments to implement affordable housing-friendly policies that will facilitate the planning, approval, and construction of affordable housing units in the shared pipeline. Drive a regional investment vehicle to invest in and catalyze the development of affordable housing across the region. Build pathways to economic mobility and security for residents experiencing poverty. 2 / 3 2.1.3.4. WE WILL LIFT | REGIONAL PLEDGE FOR HOUSING AND OPPORTUNITY We stand with Lift to Rise and pledge our support for a shared, concrete, and forward-thinking plan. This plan will: ""r= WILL LIFT I REGIONAL PLEDGE FOR HOUSING AND OPPORTUNITY Pledge Partner Contributions: As government agencies we recognize the following opportunities to align with and support priorities of the CAN: Use our expertise to provide technical assistance to support the implementation of the CAN's priorities. Contribute detailed and up-to-date, publicly -available information on affordable housing projects and development opportunities to the shared pipeline of projects. Government Comply fully with all state and federal housing rules/requirements. Agencies Provide opportunities for (and not unduly constrain) affordable housing development in our community. Advance pro -affordable -housing policies in our communities, including those that prioritize favorable zoning and land use, decrease production timeframes, and reduce construction and development costs. Collaborate with other jurisdictions and agencies to align policy and remove barriers to affordable housing. Coordinate and align funding opportunities with the regional fund to advance unit production. Express our support of the Coachella Valley Housing Catalyst Fund and investments proposals (i.e. letter of support). As developers we recognize the following opportunities to align with and support the priorities of the CAN: Use our expertise to provide technical assistance to support the implementation of the CAN's priorities. Contribute detailed and up-to-date information on affordable housing projects and development opportunities to the shared pipeline of projects. Developers Publicly voice our support for projects in the shared pipeline. Identify barriers in the regulatory environment and work to craft solutions. Advocate for pro -affordable -housing policies in our communities, including those that prioritize favorable zoning and land use, decrease production timeframes, and reduce construction and development costs. Hold our elected leaders accountable to promoting the creation of more affordable housing. Express our support of the Coachella Valley Housing Catalyst Fund and investments proposals (i.e. letter of support). As funders/foundations we recognize the following opportunities to align with and support the priorities of the CAN: Use our expertise to provide technical assistance to support the implementation of the CAN's priorities. Funders/ Publicly voice our support of the development of projects in the shared pipeline. Banks/ Advocate for pro -housing policies in our communities, including those that prioritize favorable zoning and land use, Foundations decrease production timeframes, and reduce construction and development costs. Hold our elected leaders accountable to promoting the creation of more affordable housing. • Express our support of the Coachella Valley Housing Catalyst Fund and investments proposals (i.e. letter of support. Coordinate and align funding opportunities to advance unit production. As private organizations we recognize the following opportunities to align with and support the priorities of the CAN: Use our expertise to provide technical assistance to support the implementation of the CAN's priorities. Private Publicly voice our support for projects in the shared pipeline. Sector Advocate for pro -affordable -housing policies in our communities, including those that prioritize favorable zoning and land use, decrease production timeframes, and reduce construction and development costs. • Hold our elected leaders accountable to promoting the creation of more affordable housing. • Express our support of the Coachella Valley Housing Catalyst Fund and investments proposals (i.e. letter of support). As community -based organizations we recognize the following opportunities to align with and support the priorities of the CAN: • Use our expertise to provide technical assistance to support the implementation of the CAN's priorities. Other CBOs Publicly voice our support of the development of projects in the shared pipeline. • Advocate for pro -affordable -housing policies in our communities, including those that prioritize favorable zoning and land use, decrease production timeframes, and reduce construction and development costs. • Hold our elected leaders accountable to promoting the creation of more affordable housing. Express our support of the Coachella Valley Housing Catalyst Fund and investments proposals (i.e. letter of support). As residents we recognize the following opportunities to align with and support the priorities of the CAN: Join and/or support the Resident Leadership Table. • Participate in community meetings convened by the resident leadership table. Residents Publicly voice our support of the development of projects in the shared pipeline. • Advocate for pro -affordable -housing policies in our communities, including those that prioritize favorable zoning and land use, decrease production timeframes, and reduce construction and development costs. Hold our elected leaders accountable to promoting the creation of more affordable housing. Express our support of the Coachella Valley Housing Catalyst Fund and investments proposals (i.e. letter of support). LIFTTO RISE x 4 Date 3/3 LINDA EVANS, Mayor City of La Quinta, California