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6.3.A. - Page 30 <br />NA -10 Housing Needs Assessment - 24 CFR 91.205 (a,b,c) <br />Summary of Housing Needs <br />A community's population characteristics affect the amount and type of housing needed. Factors such <br />as population growth, age, income, and employment trends influence the type of housing needed and <br />households' ability to afford housing. This section evaluates the various population characteristics that <br />affect Redwood City's housing needs. <br />Incorporated in 1868, Redwood City experienced slight growth during the 19th century and early 20th <br />century. The city's first major growth occurred following World War II. Redwood City grew steadily <br />through the next decades, with a minor decrease in population in the 1970s. <br />The city's population increased at a rapid rate in the 1980s and 1990s, as there remained vacant land <br />suitable for development in Redwood Shores. Population growth slowed during the 2000s, with only <br />1,413 new residents added during that decade. According to California Department of Finance (DOF) <br />estimates, Redwood City had a January 2013 population of 79,074 residents, representing a recent <br />three-year increase in population growth that is almost twice the growth experienced during the 2000s. <br />This is consistent with the recent housing boom experienced subsequent to the adoption of the new <br />General Plan and Downtown Precise Plan. <br />The Association of Bay Area Governments (ABAG) anticipates continued growth in Redwood City <br />through 2030, with a projected increase in population of approximately 20 percent between 2010 and <br />2030. This increase is consistent with the County's projected population growth as a whole. <br />Demographics Base Year: 2000 Most Recent Year: 2011 % Change <br />Population 75,412 76,031 1% J <br />Households 28,157 27,934 -1% <br />Median Income $66,748.00 $77,111.00 16% <br />Table 5 - Housing Needs Assessment Demographics <br />Data Source: 2000 Census (Base Year), 2007-2011 ACS (Most Recent Year) <br />Number of Households Table <br />Total Households * <br />Small Family Households <br />Large Family Households <br />Household contains at least one <br />person 62-74 years of age <br />Consolidated Plan <br />OMB Control No: 2506-0117 (exp. 07/31/2015) <br />0-30% <br />>30-50% <br />>50-80% <br />>80-100% <br />>100% <br />HAMFI <br />HAMFI <br />HAMFI <br />HAMFI <br />HAMFI <br />4,315 <br />3,675 <br />5,270 <br />2,455 <br />12,220 <br />1,450 <br />1,500 <br />2,165 <br />1,160 <br />7,175 <br />515 <br />575 <br />795 <br />80 <br />635 <br />555 510 1,050 405 1,700 <br />REDWOOD CITY <br />27 <br />