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10/20/2014 <br /> Goals and 2 0 1 5 - 2 .0 2 3 H O U S I N G <br /> Policies <br /> Objective: <br /> h Initiate a study to consider a Community Benefits Ordinance <br /> (Partnership RWC). As part of the study, assess the types of <br /> benefits desired by the community, such as housing stock <br /> for all income levels `ltd `- , re- I cr.-7 <br /> infrastructure improvements, recreational and social <br /> services, or other services needed in the Redwood City <br /> community. In addition, consider the economic realities and <br /> effects of whether and how to provide incentives or require <br /> such benefits, the advantages and disadvantages of such a <br /> program, and the mechanisms (and obstacles) to implement <br /> Timeframe: 2015 (Immediate) <br /> Responsible Party: Community Development; City Manager <br /> Office <br /> Funding Sources: General Fund <br /> Special Programs and Projects <br /> Program H-15: Rehabilitation Programs. To maintain the quality and <br /> 4PPY <br /> SustainabilityFocus affordability of older neighborhoods and housing stock, the City <br /> offers a number of home improvement and rehabilitation <br /> programs. The Home Improvement Loan Program provides low- <br /> interest loans and grants from CDBG and HOME funds to low— <br /> income households for the rehabilitation of owner-occupied <br /> residences. Eligible improvements include room additions, <br /> replacement of roofs, heaters, windows, insulation, lead-based <br /> paint hazard reduction, as well as many other health and safety <br /> items. <br /> The payments from these loans support a revolving fund for <br /> future rehabilitation projects. Revolving fund programs are self- <br /> supporting and administrative costs are paid from annual CDBG <br /> entitlements and program income funds, operating on an <br /> ongoing basis. <br /> Objectives: <br /> a Provide loan and grant assistance to facilitate the <br /> rehabilitation of 20 owner-occupied units per year. <br /> Page H - 16 2 Redwood City General Plan <br /> RESO. # 15376 <br /> MUFF # 301 <br />