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Program H2-5: First-Time Homebuyer Opportunitiesa) Continue implementing the Affordable Housing Ordinance including below-market-rate (BMR) requirements for ownership development.12/31/20316th CycleContinuousa) The City continues to implement the Affordable Housing Ordinance, including below-market-rate (BMR) requirements for rental and ownership development, as a standard part of its development review process.Other1Links to Ordinance, AHO webpage and guidelines:https://library.municode.com/ca/redwood_city/codes/zoning_code?nodeId=ART29REAFHOhttps://www.redwoodcity.org/departments/city-manager/housing-services/developers/affordable-housing-ordinance-and-impact-feeshttps://www.redwoodcity.org/departments/city-manager/housing-services/bmr-guidelines-iiProgram H2-5: First-Time Homebuyer Opportunitiesb) Continue to provide homeownership assistance to eligible first-time homebuyers at Wyndham Place. 12/31/20316th CycleContinuousb) The City continues to provide homeownership assistance to eligible first-time homebuyers at Wyndham Place. For some of the units at Wyndham place that have original owners, the 30-year affordability restrictions expired in 2025. Other1N/AProgram H2-5: First-Time Homebuyer Opportunitiesc) Continue to advertise available homeownership financing opportunities with San Mateo County, such as HEART and MCC. 12/31/20316th CycleContinuousc) The City's First Time Homebuyer Resources webpage advertises HEART, as well as other homeownership financing opportunities. The County of San Mateo no longer offers an MCC program, but does offer a Reissued Mortgage Credit Certificate (RMCC) program.Other1The City's First Time Homebuyer Resources webpage: https://www.redwoodcity.org/departments/city-manager/housing-services/homeowners/first-time-home-buyers Program H2-5: First-Time Homebuyer Opportunitiesd) Hold a hearing with the City Council regarding Municipal Code amendments to allow smaller subdivisions (fewer than five units per project) in existing neighborhoods to facilitate homeownership opportunities. If code amendments are not adopted, proactively outreach to developers and homebuyers regarding available homeownership financing options. 1/31/20286th CycleCompletedd) The City amended Chapter 30 of the Municipal Code (Section 30.56) to allow subdivisions with as few as 2 units per project. Effective as of 11/14/2024. Other1Ordinance #2542: https://documents.redwoodcity.org/publicweblink/0/doc/523280/Page1.aspxProgram H2-5: First-Time Homebuyer Opportunitiese) Continue maintaining an affordable housing interest list and promote new affordable housing opportunities to that list, with updates as new opportunities arise.12/31/20316th CycleContinuouse) The City continues to maintain its affordable housing interest list and promotes new affordable housing opportunities to that list as they arise. The City also publishes a quarterly housing enewsletter that includes new affordable housing opportunities in Redwood City and neighboring communities. Other1https://www.redwoodcity.org/departments/city-manager/housing-services/housing-newsletterProgram H2-6: Rezone Commercial OfficeRezone all CO parcels to Mixed Use Corridor (MUC) and complete related General Plan amendments to expand areas where residential and mixed use development are allowed. 5/31/20236th CycleCompletedCity amended the Zoning Code to rezone all parcels zoned CO to MUC and to strike the CO zoning district. Effective as of 8/24/2023. City amended the General Plan by changing select parcels with "Commercial -- Office Professional/Technology" designation to "Mixed Use -- Corridor" designation. Effective as of 2/13/2023. Other1Zoning Amendments: Ordinance #1130-386: https://documents.redwoodcity.org/publicweblink/0/edoc/520245/Ord2023%201130-386.pdfGeneral Plan Amendments: Resolution #16125: https://documents.redwoodcity.org/PublicWeblink/0/edoc/519915/Reso23%2016125%20(formely%2016025).pdf7.A. - Page 29 of 6336