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Need for Affordable Senior Housing <br />•Nearly 40% of Redwood City’s senior households have incomes under <br />$30,000 or 30% AMI <br />Dedicated half of the units to serve seniors in this income group <br />Rents ranging from as little as $200 per month up to $879 <br />Balance of the units at 50% AMI – max rents of $1,099 <br /> <br />•In Contrast: under the Tax Credit Program: 60% AMI <br />Max income of $56K and rents of $1,319 <br /> <br /> <br />