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2 22206 920 Shasta Affordable Housing Plan and Density Bonus Request November 5, 2024 The Teen Center/Office Amenity will be used part time by the office tenant(s) and part-time by the Redwood City Parks and Recreation Department during Teen Center hours. It is intended to be used after school for study, art, recreation, education, and other activities. Further questions on how specifically the space will be used, managed, or operated (including the hours/days of operation) should be directed to City staff. For purposes of calculating the affordable housing impact fee and affordable unit obligation, 50% or 3,317.5 sf of the Teen Center/Office Amenity space is included in the calculation. The Affordable Project is all affordable. It includes 100 total units (99 affordable units and 1 manager’s unit). As noted on Sheet G001 of the Project plans, the Affordable Project includes 11 studios at 390 sf each, 38 one bedrooms at 570 sf each, 34 two bedrooms at 830 sf each, 16 three bedrooms at 1,040 sf each, and one manager’s unit at 1,060 sf. The Affordable Project would provide 100 affordable dwelling units in income categories ranging from 30 percent AMI to 80 percent AMI. See the table below of the anticipated affordable housing units and their income categories, subject to change depending on final funding sources. AMI City AHO Requirement Proposed Units 50% 6 (Very Low) 48 80% 16 (Low Income) 51 120% 9 (Moderate) MGR 1 TOTAL 31 100 As shown, based on the 305,225 sf Office Development plus 3,317.5 sf (or 50%) of the Teen Center/Office Amenity space at 901 El Camino Real, this would translate to 30.85 rounded to 31 affordable dwelling units, with 9 units for households of moderate income, 16 at with households of low income and 6 units for households of very low income. The 920 Shasta project would provide 100 affordable dwelling units, inclusive of the manager’s unit. This would greatly exceed the 31 dwelling units of income restricted dwelling units that the City Code requires. Affordable Housing Impact Fee Alternative: The Affordable Housing Ordinance had a second reading on July 24, 2023. The Ordinance is now in effect. The Office Project will pursue “Option 1. Land Donation” alternative pursuant to the Affordable Housing Ordinance. A Land Donation is the preferred alternative to paying the Affordable Housing Impact Fee (Fee). The Applicant acknowledges that all land donations require approval by the City Council. The land donation will occur prior to, or concurrent with, issuance of the first building permit for the market rate project. Below is the proposed fee calculation: ATTY/RESO.0029/CC RESO APPROVING ARCHITECTUAL PERMIT, TENTATIVE PARCEL MAP (920 SHASTA) – EXHIBIT B REV: 04-22-25 VR Page 2 of 29