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Nearby cities have different percentage requirements, depending on individual market <br />conditions and city goals. Redwood City’s RHNA sets city-specific targets for housing <br />needs by income. Generally, while progress has been made towards low-income units, <br />the City is deficient in progress towards moderate and very low income units. <br /> <br />Table 1 - Redwood City Progress Towards RHNA Goals <br /> RHNA <br />Target <br />Building <br />Permits <br />Issued <br />Pending or <br />Approved <br />Units <br />Remaining <br />Need if all <br />Pending and <br />Approved <br />Units <br />Constructed <br />Very Low 706 7 159 540 <br />Low 429 57 191 181 <br />Moderate 502 0 3 499 <br />Market <br />Rate <br />1,152 1,645 N/A 0 <br /> <br />The City has the following affordable units either pending or approved (but no building <br />permits issued): <br />· 191 low income units (1401 Broadway, 353 Main Street, Habitat project , and <br />1601 El Camino Real) <br />· 159 very low income units (707 Bradford (senior housing), 1401 Broadway, 504 <br />El Camino Real, and 353 Main Street) <br />· 3 moderate income units (353 Main Street) <br /> <br />To create more variety in affordability levels, additional focus on the moderate and very <br />low income unit category is needed. However, for the purposes of the recent SB 35 law, <br />Redwood City will continue to be subject to the streamlining requirement (projects with <br />50% affordable units or more) if the goals for Very Low or Low Income units are not <br />met. Moderate Income units will not count towards SB 35 streamlining exemptions. <br /> <br />How many affordable units should be required, and what level of affordability? The <br />economic analysis considered the additional cost impact on the feasibility of market-rate <br />7.A. - Page 6