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Bridging the Gap: <br />Downsides and Upsides <br />•Very Low and Low: <br />–6% is the most we get from private development <br />–Almost every unit we have in these brackets are within City <br />supported projects of 100% affordable rental units <br />–Extremely deep subsidy needed for ownership at these levels <br />•Above Moderate (AKA “Workforce”Housing): <br />–A relatively unexplored level in Redwood City <br />–No City tools/policies exist for this bracket <br />–This may be the easiest level to obtain within ownership <br />developments <br /> <br />