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06/25/2018 <br />Affordable Housing) ("Ordinance"); and <br />WHEREAS, the Ordinance requires that all fees collected be deposited into the <br />City's Affordable Housing Fund ("Fund") to be used to increase and preserve the supply <br />of housing affordable for extremely low, very low, low and moderate income <br />households; and <br />WHEREAS, one of the City's goals is to maximize the Affordable Housing Fund <br />by creating a permanent and sustainable source of funds for affordable housing <br />development and preservation. Through the Affordable Housing Fund the City can <br />leverage millions of dollars in public and private funding investments to increase and <br />preserve affordable housing in Redwood City; and <br />WHEREAS, with the help of Home for All and other community partners <br />including the Redwood City Library Foundation, Redwood City 2020, and Casa Circulo <br />Cultural, the City conducted a wide range of community outreach and engagement <br />activities including several community meetings, multiple "pop ups" and a survey with a <br />focus on the Redwood City community and housing. These efforts directly engaged <br />over 800 community members over the course of a few months and a broad range of <br />community input was received. The meetings provided an opportunity for a diverse mix <br />of residents including property owners, developers, nonprofits, community leaders and <br />other members of the community to talk with each other at discussion tables and share <br />perspectives; and <br />WHEREAS, based on community input on the various ways funds can be used <br />to produce more affordable housing or preserve existing affordable housing that <br />included short term, mid-term and long term efforts, City staff developed an outline of <br />ATTY/RESO.0065/CC RESO APPROVING AFFORDABLE HOUSING FUND ALLOCATION GUIDELINES RESO. NO. 15687 <br />REV: 06-19-18 PR MUFF NO. 455 <br />Page 2 of 5 <br />