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AgdaPkt 2020-09-21 Joint SA PFA
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AgdaPkt 2020-09-21 Joint SA PFA
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Last modified
10/8/2020 6:18:07 PM
Creation date
9/17/2020 6:17:54 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
9/21/2020
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Housing: Community Benefits <br />• Strong partnership between MidPen, Tishman Speyer, and the City <br />• Accelerated impact - affordable homes delivered more quickly because <br />Tishman is advancing the funds <br />• A design that prioritizes 2Bed and 3Bed homes - unit types the market is <br />not delivering. <br />On average, Family Affordable Housing waitlists in San <br />Mateo County have over 750 applicants and years -long waits <br />• Partner with the City to determine priorities for special populations. <br />• The 80+ new units is at least double the City requirement <br />• Deep affordability targeting - an estimated affordability mix that includes at <br />least 40% at 50% AM I or below <br />• 100% of these homes will count toward Redwood City's regional needs <br />goals in the areas of deepest need. <br />0 , 6 . S , "T15HMAN SPEYER MidPen WRNSSTUDIO ! J fill BROADWAY + 1;11!1 PRICE 18 <br />
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