City of Rolling Hills Estates - File #: 23-1796

• File #: 23-1796
• Version: 1
• Type: New Business
• Status: Agenda Ready
• File created: 10/20/2025
• In control: City Council
• On agenda: 10/28/2025
• Title: APPROVAL OF A MASTER AGREEMENT AUTHORIZING AFFORDABLE HOUSING AND IMPOSING AFFORDABLE HOUSING RESALE RESTRICTIONS ON REAL PROPERTY WITH RHE-75, LLC, FOR THE LA SEVILLA PROJECT LOCATED AT 927 DEEP VALLEY DRIVE, AND DIRECTING STAFF TO UTILIZE THE FORM OF AGREEMENT FOR FUTURE PROJECTS REQUIRED TO PROVIDE FOR-SALE AFFORDABLE UNITS

Title

APPROVAL OF A MASTER AGREEMENT AUTHORIZING AFFORDABLE HOUSING AND IMPOSING AFFORDABLE HOUSING RESALE RESTRICTIONS ON REAL PROPERTY WITH RHE-75, LLC, FOR THE LA SEVILLA PROJECT LOCATED AT 927 DEEP VALLEY DRIVE, AND DIRECTING STAFF TO UTILIZE THE FORM OF AGREEMENT FOR FUTURE PROJECTS REQUIRED TO PROVIDE FOR-SALE AFFORDABLE UNITS

MemoFrom

Memorandum from Jeannie Naughton, Community Development & Public Works Director and Donald M. Davis, City Attorney

Recommendation

Recommendation: That the City Council: 1) Approve the Proposed Affordable Housing Agreement with RHE-75, LLC; and 2) Direct staff to use the Proposed Affordable Housing Agreement as a template for future projects that have a for-sale affordable housing requirement.