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S.A. - Page 5 of 302 Affordable Housing -The project is subject to the City's Affordable Housing requirement (Article 29) which requires the following: i. On-site construction of affordable housing — Residential rental development is required to provide 20% affordable housing units onsite composed of 5% very low income level, 5% low income level, and 10% moderate income level (calculated from the base density). Alternative percentages of affordability may be considered as part of the Affordable Housing Plan and Agreement if the review authority determines that the alternative will provide an equivalent or more affordable units or otherwise provide greater public benefit of the standard requirement. FIGURE 3 AFFORDABLE UNITS 15 Extremely Low Income 24 Very Low Income 67 Low Income 41 Moderate Income 147 AFFORDABLE UNITS 2. Housing impact fee — An Affordable Housing Impact Fee (AHIF) is imposed on non-residential development to mitigate a project's impact on the need for affordable housing. Alternatively, an applicant may provide affordable units on or offsite in lieu of paying a fee if the proposal meets the following conditions: a. Financing or a viable financing plan, which may include public funding sources, is in place for the proposed affordable housing units; and b. The proposed location is suitable for the proposed affordable housing, is consistent with the Housing Element, general plan, and zoning, and will not cause residential segregation. Relocation plan — A relocation plan is required for the proposed acquisition and redevelopment of 1306 Main Street, a City -owned multi -family building with a total of 23 units (22 affordable units and one onsite manager's unit). The building is currently occupied by four tenants (including one building manager). The applicant would be required to relocate the four (4) residential tenants and three (3) non-residential tenants and to replace the 22 affordable units in accordance with local, state, and federal laws. The City's Affordable Housing Ordinance requires 129 affordable units (79 units for residential/50 units for commercial) plus the 22 replacement units, for a total of 151 affordable units. For non-residential developments that choose to provide affordable units rather than pay the impact fee, the City requires developers to provide ten (10) affordable units for every 100,000 sq. ft. of net new sq. ft. of office and four (4) affordable units for every net new sq. ft. of retail/services or hotel. In response, the applicant requests alternative percentages of affordability and to provide affordable units offsite (on Parcel F) to satisfy its affordable housing requirement. This alternative means of compliance would provide fewer units (125 affordable units plus 22 replacement units for a total of 147 affordable units) but at deeper affordability levels. As noted in Figures 3 and 4, the applicant proposes a number of extremely low income units (30% Area Median Income) which is a deeper level of affordability than the City's requirements and therefore is credited a higher value towards satisfying the City's requirements. The applicant also proposes a range of affordable unit sizes, with two- and three-bedroom units provided in Parcels A and D. The mix of onsite and offsite affordable housing options is shown in Figure 4 below: Page S of 22 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.ore