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09-20-2022 - 09-20 16:44 Rebecca MartinCITY OF Federal Way ,'entered on Opportunity Public Comment - Written Meeting Type: Council - Regular Meeting Meeting Date: September 20, 2022 Name: Greater Federal Way Chamber of Commerce Rebecca Martin Resident/Business Owner: F,/-] Yes ❑ No Comment Topic: Business Development Written Comment: TO: Mayor Jim Ferrell Deputy Mayor Honda Federal Way City Council FIR: Public Comment for September 20 City Council Meeting Rebecca Martin, CEO, Greater Federal Way Chamber of Commerce Intracorp Redevelopment The House Action Plan adopted by the City of Federal Way strategies include increased diversity in housing choices, supporting housing opportunities for residents of all income levels as well as and supporting pathways to home ownership. As noted in the Plan: "The city needs a diversity of new housing types, including both rental and ownership units that cater to a variety of income levels and housing needs to grow in a balanced manner. This includes `missing middle' housing types such as townhomes and condominiums that can support more affordable homeownership opportunities." (p .13). It is our understanding Intracorp plans to redevelop 32818 First Ave South in Federal Way building for -sale townhomes or condo -quality, market -rate rental townhomes-- not to exceed three stories-- that complement the existing neighborhood character. The Greater Federal Way Chamber supports the development of housing densities in Federal Way that encourage market -rate home ownership or rental opportunities in accordance with the City strategy to provide "a sufficient supply of both market -rate and income qualified housing [that supports] neighborhood stability, vibrant communities, and economic vitality." (Executive Summary). On behalf of the business community, thank you for your continued support of the Chamber. nec,eived: 0y/2U12U22 04:44