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22206 920 Shasta <br />Affordable Housing Plan and Density Bonus Request <br />November 5, 2024 <br />enclosed survey included in Exhibit A and in the calculations above. The project provides <br />68 units more than the requirement. <br />Teen Center/Office Amenity: Below please find the details requested on the Teen <br />Center/Office Amenity (Intended Use and Operator). <br />The Teen Center/Office Amenity will be used part time by the office tenant(s) and part- <br />time by the Redwood City Parks and Recreation Department during Teen Center hours. It <br />is intended to be used after school for study, art, recreation, education, and other activities. <br />Further questions on how specifically the space will be used, managed, or operated <br />(including the hours/days of operation) should be directed to City staff. For purposes of <br />calculating the affordable housing impact fee and affordable unit obligation, 50% or <br />3,317.5 sf of the Teen Center/Office Amenity space is included in the calculation. <br />The Affordable Project is all affordable. It includes 100 total units (99 affordable units and <br />1 manager's unit). As noted on Sheet G001 of the Project plans, the Affordable Project <br />includes 11 studios at 390 sf each, 38 one bedrooms at 570 sf each, 34 two bedrooms at <br />830 sf each, 16 three bedrooms at 1,040 sf each, and one manager's unit at 1,060 sf. <br />The Affordable Project would provide 100 affordable dwelling units in income categories <br />ranging from 30 percent AMI to 80 percent AMI. See the table below of the anticipated <br />affordable housing units and their income categories, subject to change depending on final <br />funding sources. <br />AMT <br />50% <br />City AHO <br />Requirement <br />6 (Very Low) <br />Proposed <br />Units <br />48 <br />80% <br />16 (Low Income) <br />51 <br />120% <br />9 (Moderate) <br />MGR <br />1 <br />TOTAL <br />31 <br />100 <br />As shown, based on the 305,225 sf Office Development plus 3,317.5 sf (or 50%) of the <br />Teen Center/Office Amenity space at 901 El Camino Real, this would translate to 30.85 <br />rounded to 31 affordable dwelling units, with 9 units for households of moderate income, <br />16 at with households of low income and 6 units for households of very low income. The <br />920 Shasta project would provide 100 affordable dwelling units, inclusive of the manager's <br />unit. This would greatly exceed the 31 dwelling units of income restricted dwelling units <br />that the City Code requires. <br />ATTY/AGR/2025.084/920 SHASTA AFFORDABLE HOUSING LAND DONATION AGREEMENT <br />REV: 10-16-25 VR <br />Exhibit B-1 - 2 <br />