Overview:

DRAFT Inclusionary  Housing Financial Feasibility Analysis - Rental Residential Development

Inclusionary and Measure O are the same thing; Inclusionary relates to the ordinance and Measure O refers to program implementation of the ordinance. Measure O is a voter-approved initiative that requires developers of residential projects to provide a certain percentage of the total number of units as affordable to moderate, low or very-low income households. This requirement may be met by various options, one of which is for the developer to build the units and designate them as either for-sale units or as rental units. All Measure O units remain affordable through a long-term or permanent deed restriction recorded against the property.

New developments are required to meet the requirements of Part 1 of Chapter 24.16 of the Santa Cruz Municipal Code as revised by Ordinance 2021-04 effective April 13, 2021.

Existing inclusionary units remain regulated under previous ordinances and implementing resolutions.

If you have any questions or need assistance, please contact the Housing Team at housing@santacruzca.gov.