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Finding the right balance between these tradeoffs is a key consideration for this new <br />policy. To assess feasibility of an inclusionary requirement and in-lieu fee amount, the <br />City commissioned a report from Baird + Driskell Community Planning of real estate <br />development economics and an affordable housing technical analysis that was used to <br />develop options for consideration. The results of that analysis are included in <br />Attachment 3 and incorporated below. As this is a complicated issue, staff has also <br />augmented this report analysis with a Supplemental Information sheet found in <br />Attachment 2. It provides further information and resources on common questions and <br />concerns. With the above tradeoffs in mind, staff considered the following areas of <br />analysis for this ordinance. <br /> <br /> <br />Figure 1 – Areas of Analysis <br /> <br /> <br /> <br /> <br />Survey of Other Cities and Redwood City Needs Analysis – Prior to detailed analysis, <br />staff conducted a survey of surrounding cities’ affordable unit requirements (see <br />Attachment 2, Supplemental Information). Overall, staff found some variation both for <br />the minimum project size for the program and the percentages and targeted <br />affordability. While there is a general average of 10-15% affordable with minimum <br />number of units at 10, other cities, including South San Francisco and San Francisco <br />have a 20% requirement or higher <br /> <br />Affordable <br />Housing <br />Ordinance <br />Survey of <br />Other Cities <br />Amount and <br />Level of <br />Affordability <br />Minimum <br />Project Size <br />State Density <br />Bonus <br />Consistency <br />with Impact <br />Fee Program <br />7.A. - Page 5