Reso25-02 0024 PC Reso 901 El Camino Real

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1 INTRODUCTION Shasta Street, LP (Developer) is in the process of acquiring the properties located at 920 Shasta Street and 122 Buckeye Street, Redwood City, CA 94063 (Project Site) for the proposed new construction of affordable housing units, Shasta Street Homes (Project). The project site consists of two parcels totaling 0.82-acres located at the intersection of Shasta Street and Buckeye Street in the Stambaugh-Heller neighborhood, a mixed-use neighborhood within the City of Redwood City. Current uses at the site consist of an existing three-bedroom single-family home and a two-bedroom caretaker's unit on the property, in addition to a self-storage facility. Existing improvements will be demolished to facilitate The proposed development includes studios, 1-, 2- and 3-bedroom units to be offered to households with incomes at 30% - 80% area median income (AMI) as shown in Exhibit A. One of the proposed amenities includes a resident center with programming provided by Abode Services. Shasta Street Homes is anticipated to receive a LEED Gold Rating and will be designed as a 100% electric building. The Developer anticipates utilizing City of Redwood Affordable Housing Funds, County of San Mateo Affordable Housing Funds, HCD Affordable Housing and Sustainable Community Program funds, a Permanent Loan, 4% tax credits and bonds to finance the Project. Overland, Pacific & Cutler, LLC (OPC), a division of TranSystems, an experienced relocation and acquisition firm, has been selected to prepare a Relocation Plan (Plan) to address the impacts to current Project occupants if the Project moves forward and the assistance that will be provided to them. The needs and characteristics of the displacee population, the available relocation resources, program to provide assistance to each affected person are general subjects of this Plan. Two residential tenants would need to permanently relocate and 135 tenants would need to relocate their personal property stored in the self-storage units. In compliance with statutory requirements, the Plan has been prepared in accordance with the requirements of California Relocation Assistance Law, Government Code Section 7260 et seq. (Law) the Relocation Assistance and Real Property Acquisition Guidelines adopted by the Department of Housing and Community Development and Title 25, California Code of Regulations Section 6000 et seq. (Guidelines), SB 330/SB1, and AB 1482/SB 567. This Plan is organized in five sections: 1. Project description (SECTION I); 2. Assessment of the relocation needs of the persons subject to displacement (SECTION II); 3. Assessment of available replacement commercial sites within Redwood City and surrounding communities; 4.SECTION IV); and 5.SECTION V). ATTY/RESO.0024/PC RESO 901 EL CAMINO REV: 04-11-25 VR