this is likely to be incremental and especially dependent on the configuration of <br />the lot and home. Larger, partially vacant properties in SFO zone are still likely <br />to develop with single-family homes, but some may develop with duplexes. <br />Overall, applying C -RES zoning increases redevelopment potential more than SFO. <br />Concept 1 is likely to generate more new housing units (approximately 1,000 units) than <br />Concept 2 (approximately 860 units) because it applies C -RES more broadly. <br />The above findings suggest that current market conditions alone may not result in the <br />urban form changes contemplated in the zoning codes, at least in the near-term. So the <br />study team ran the concepts through the MapCraft tool again and included an evaluation <br />of the potential impacts of the Multiple Unit Property Tax Exemption (MUPTE), which is a <br />program that offers a partial property tax abatement for up to 10 years for qualifying <br />multi -family housing. The analysis tested a 10 -year tax abatement with limited eligibility <br />criteria. <br />When applying MUPTE, the viability of multi -family rental development was enhanced. In <br />areas zoned C -RES, low-rise apartments become more likely than townhomes on larger <br />sites, and more sites become financially viable for redevelopment, increasing the market - <br />feasible housing capacity. With MUPTE applied, Concept 1 could generate <br />approximately 2,000 residential units and Concept 2 could generate approximately <br />1,750 units. <br />Stakeholder Feedback on Concepts <br />During summer 2019, both concept designs and the results of the feasibility analysis were <br />shared with stakeholders. Feedback was gathered at Workshop #2 and through door-to- <br />door outreach to corridor businesses, focus groups with local residents and an online <br />survey. Public feedback revealed that local stakeholders preferred Concept 2 as the <br />strategy most consistent with the River Road -Santa Clara Neighborhood Plan goals (see <br />the Public Involvement Final Report in Appendix E for more detail). <br />Concept 1: Focus future residential <br />development in a narrow and more <br />dense area along River Road and <br />major side streets <br />■ Strongly disagree <br />a Disagree <br />Neutral <br />Agree <br />■ Strongly Agree <br />Figure 21. Public Sentiment on the Two Concepts <br />RIVER ROAD CORRIDOR STUDY <br />Concept 2: Focus future residential <br />development in a wider and less <br />dense area_ <br />+e Strongly Disagree <br />2296 <br />g% a Disagree <br />936 <br />Neutral <br />o1y. e <br />Agree <br />Strongly Agree <br />49 <br />111 <br />