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<br />80 <br />Page 18 <br /> <br />TABLE 4 <br />FUTURE HOUSING UNIT PRODUCTION, NON-AGENCY-BUILT HOUSING <br />REDWOOD CITY REDEVELOPMENT PROJECT NO.2 <br />REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY <br /> <br />Total <br />Built <br /> <br />Units w/Covenants <br />Very Low to Very Low <br />Mod. Income Income <br />(Incl. in Very <br />Low to Mod.) <br /> <br />New Construction & Substantial Rehab Units to be Built (2008 . 2014) <br />New Units Built (from Appendix Table A.) (1) <br />Units Substantially Rehabilitated (from Appendix Table B.) <br />Total Units, to be Built or Substantially Rehabilitated. (2008 - 2014) <br /> <br />534 <br />o <br />534 <br /> <br />Inclusionarv Reauirements <br />Percent Requirements <br />Inclusionary Unit Requirement (2008 - 2014) <br /> <br />15% <br />80 <br /> <br />(40% of 15%) <br />6% <br />32 <br /> <br />Covenanted Units Built or Substantiallv Rehab. (2008 - 2014l <br />New Units Built (from Appendix Table A.) <br />Units Substantially Rehabilitated (from Appendix Table B.) <br />(Less) Replacement Units for Demolished Units <br />Total Covenanted Units Built or Substantially Rehab, (2008 - 2014) <br /> <br />153 <br />o <br />(4) 1 <br />149 <br /> <br />71 <br />o <br />(2) 1 <br />69 <br /> <br /> <br />69 <br /> <br />37 <br /> <br />Plus: Multi-Family Covenants Purchased <br /><Less> Covenanted Units Sold/Restrictions Lifted <br />Plus: Affordable Units Built Outside Pro'ect Area <br />Total Excess Shorta e) of Covenanted Units (2008 .2014 <br /> <br />o <br />o <br />4 <br />73 <br /> <br />o <br />o <br />4 2 <br />41 <br /> <br />Plus: Excess Shorta e of Covenanted Units throu h 2007 <br />Cumulative Covenanted Units in Excess of Minimum Legal <br />Requirements 1982-2014) <br /> <br />193 <br />266 <br /> <br />61 <br />102 <br /> <br />Notes: <br /> <br />1 4 replacement units at EI CaminoNera (Villa Montgomery). 2 of which will be very low-income. <br />2 8 VL ownership Habitat units at EI Camino and Vera. This portion of the site has determined to be outside of the <br />boundaries of the Project Area. <br /> <br />Source: Redwood City Redevelopment Agency, KMA. <br />Prepared by: Keyser Marston Associates, Inc. <br />Filename: 1861 0.OD1\030\RC Housing Plan 11 07.xls; Table4; 1/17/2008; me <br />