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8.A. - Page 34 Goals and <br /> - 0 2 3 H O U S I N G <br /> Policies <br /> Timeframe: Ongoing <br /> Responsible Party: Community Development <br /> Funding Sources: General Fund <br /> Summary of Quantified Objectives <br /> Table H -62 summarizes Redwood City's quantified objectives for <br /> the 2015 -2023 planning period by income group. <br /> • Construction of 2,789 new housing units, representing the <br /> RHNA of 706 units for very low- income households, 429 <br /> units for low- income households, 502 units for moderate - <br /> income households, and 1,152 market -rate units <br /> • Rehabilitation of 160 existing units and accessibility <br /> enhancements for 240 households <br /> • Conservation of 58 units at risk of converting to market rate <br /> Table H -62: Summary of 2015-2023 Quantified Objectives <br /> Income Level <br /> Extremely Very Above Total <br /> Low Low Low Moderate Moderate <br /> RHNA (construction objective) 386 320 429 502 1,152 2,789 <br /> Housing Rehabilitation — Single Family 142 98 -- -- 240 <br /> Housing Rehabilitation — Multi - Family 328 72 -- -- 400 <br /> Accessibility Modifications 114 46 -- -- 160 <br /> At -Risk Housing Units to Be 58 -- -- -- 58 <br /> Conserved <br /> 1 2000 Census data indicates that 48.6 percent of the City's very low- income population qualifies as extremely low- income, <br /> earning less than 30 percent of the MFI. This correlates to a regional housing need of 205 housing units for households of <br /> extremely low- income. <br />