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AgdaPkt 2018-06-25 Joint SA PFA
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AgdaPkt 2018-06-25 Joint SA PFA
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Last modified
6/27/2018 2:01:05 PM
Creation date
6/21/2018 5:47:06 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
6/25/2018
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<br /> Consolidated Plan REDWOOD CITY 63 <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <br />Property Type Number % <br />Total 29,005 100% <br />Table 28 – Residential Properties by Unit Number <br />Data Source: 2009-2013 ACS <br /> <br />Unit Size by Tenure <br /> Owners Renters <br />Number % Number % <br />No bedroom 112 1% 1,117 8% <br />1 bedroom 589 4% 4,751 36% <br />2 bedrooms 3,534 24% 5,330 40% <br />3 or more bedrooms 10,305 71% 2,049 15% <br />Total 14,540 100% 13,247 99% <br />Table 29 – Unit Size by Tenure <br />Data Source: 2009-2013 ACS <br /> <br />Describe the number and targeting (income level/type of family served) of units assisted with <br />federal, state, and local programs. <br />Various funding sources, including HUD funding sources, Low-Income Housing Tax Credits, CDBG funds, <br />and HOME funds, are utilized to create and preserve affordable housing in Redwood City. Table H-34 <br />presents the inventory of affordable multi-family rental housing developments in Redwood City. <br />Assistance to help low-income households afford housing is also available through the Housing <br />Authority of the County of San Mateo through Section 8 Housing Choice Vouchers. <br />Provide an assessment of units expected to be lost from the affordable housing inventory for <br />any reason, such as expiration of Section 8 contracts. <br /> <br />Does the availability of housing units meet the needs of the population? <br />No. There are several indicators that demonstrate the supply of housing is inadequate including low <br />vacancy rates in the rental market as well as overbidding situations in the real estate market. There <br />have been numerous reports of residents with Section 8 vouchers not being able to find landlords willing <br />to participate in the program since the market rates have increased to a point that make Section 8 <br />unviable. This means that lower income households are paying far too much for housing, and may be <br />severely overcrowded to make ends meet. <br />Describe the need for specific types of housing: <br />6.3.F. - Page 75
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