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10/20/2014 <br /> 2 0 1 5 - 2 0 2 3 H O U S I N G Goals and <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 /> I Conservation of 58 units at risk of converting to market rate <br /> Table 11-62: Summary of 2015-2023 Quantified Objectives <br /> Income Level <br /> Extremely Very Above Total <br /> Lowl Low Low Moderate Moderate <br /> RH NA 1�, GR�i <br /> 386 320 429 502 1,152 2,789 <br /> ■ 6 1 <br /> �. _. ® 1 <br /> Accessibility Modifications I 1 <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 MR. This correlates to a regional housing need of 205 housing units for households of <br /> extremely low-income. <br /> Redwood City General Plan Page H - 1 6 9 <br /> RESO. # 15376 <br /> MUFF # 301 <br />