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<br /> Consolidated Plan REDWOOD CITY 23 <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <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 the American Community Survey, Redwood <br />City had a January 2013 population of 78,241 residents, representing a recent three-year increase in <br />population growth that is almost twice the growth experienced during the 2000s. This is consistent with <br />the recent housing boom experienced subsequent to the adoption of the new General Plan and <br />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: 2013 % Change <br />Population 75,412 78,241 4% <br />Households 28,926 27,787 -4% <br />Median Income $66,748.00 $79,419.00 19% <br />Table 5 - Housing Needs Assessment Demographics <br /> <br />Data Source: 2000 Census (Base Year), 2009-2013 ACS (Most Recent Year) <br /> <br />Number of Households Table <br /> 0-30% <br />HAMFI <br />>30-50% <br />HAMFI <br />>50-80% <br />HAMFI <br />>80-100% <br />HAMFI <br />>100% <br />HAMFI <br />Total Households 4,295 3,430 5,510 2,425 12,125 <br />Small Family Households 1,330 1,380 2,300 1,215 7,065 <br />Large Family Households 515 520 720 95 875 <br />Household contains at least one <br />person 62-74 years of age 685 600 1,035 505 1,810 <br />6.3.F. - Page 35