Laserfiche WebLink
REDWOOD CITY EL CAMINO REAL CORRIDOR PLAN <br />42 <br />SectION 3.1 AFFORDABLe HOUSING <br />CONTEXT <br />While residential and mixed use development does not cur- <br />rently comprise a large portion of the Corridor, the major- <br />ity of new development square footage along El Camino <br />Real over the past five years has been residential, and that <br />trend looks to continue into the near future. Redwood City <br />already requires new development to pay affordable hous- <br />ing impact fees and provides incentives for the provision of <br />affordable housing. However, given rising housing prices <br />throughout Redwood City and the region, additional strate- <br />gies are needed to ensure that individuals of a wide range of <br />income levels are able to live along the Corridor. <br />WHY PROMOTE DEVELOPMENT OF <br />MORE AFFORDABLE HOUSING? <br />Members of the community have consistently cited hous- <br />ing costs as one of their greatest concerns. As a result, <br />Redwood City has made it a priority to provide housing <br />opportunities for larger variety of community members. <br />The 2015-2023 Housing Element identifies the El Camino <br />Real Corridor as a place with great opportunity to provide <br />housing for a range of income levels. In addition, providing <br />affordable housing near employment centers reduces com- <br />munity members’ commute times and traffic congestion. <br />Providing housing, particularly that which is affordable to a broad range of income levels, is a high priority for Redwood City. The El Camino Real Corridor is a key area where housing <br />can be located close to transit, jobs, and services. Source: Doug DunSource: Dyett & BhatiaSource: Dyett & Bhatia