Laserfiche WebLink
Annual and Five-Year Development Impact Fee Report <br />Fiscal Year Ending June 30, 2025 <br /> <br />City of Redwood City 38 <br />Table 25 Affordable Housing Impact Fee Project Identification <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />Project CIP <br />(Y/N) <br />Estimated <br />Start Year <br />Total Project <br />Costs <br />% Funded <br />with Fee <br />Revenue <br />Amount <br />Funded with <br />Fee Revenue <br />Other Funding <br />Sources <br />Broadway Plaza N FY 2025-26 $20,000 100% $20,000 N/A <br />Affordable Housing <br />Preservation Program [1]N FY 2024-25 $6,860,237 45% $3,098,800 <br />Permanent Local Housing Allocation <br />(PLHA), Affordable Housing In-Lieu, <br />Housing Support Fund, Prohousing <br />Incentive Program (PIP), Former RDA <br />LMIHF <br />Release of Notices of Funding <br />Availability for New Affordable <br />Housing [2] <br />N FY 2025-26 $7,960,000 42% $3,310,000 Former RDA LMIHF <br />Nexus Study N FY 2025-26 $15,000 100% $15,000 N/A <br />TOTAL $14,855,237 43% $6,443,800 <br />[1] Specific projects are to be determined as preservation opportunities are identified. <br />[2] The City released a new affordable housing NOFA in October 2025 for $7,960,000. Specific projects are to be determined. Funding amounts awarded to <br />projects will vary based on account balance (in the Affordable Housing Impact Fee account and the Inclusionary Housing In-Lieu Fee account) at the time of the <br />NOFA and specific needs of the selected projects. Funding awards are typically at least $1 million and often more. <br />ATTY/RESO.0124/CC RESO ACCEPTING THE DEVELOPMENT IMPACT FEES REPORT FOR FISCAL YEAR 2024-25 - ATTACHMENT A <br />REV: 12-05-25 MI <br />