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Annual Action Plan 2026 50 OMB Control No: 2506-0117 (exp. 09/30/2021) AP-75 Barriers to affordable housing – 91.220(j) Introduction: The provision of adequate and affordable housing for all residents is an important goal and top strategic priority for Redwood City. Many factors encourage or constrain the development, maintenance, and improvement of the housing stock. These factors include physical constraints, land availability, the economics of development, and governmental regulations, all of which may impact the cost and amount of housing produced. These constraints may result in housing that is not affordable to low- and moderate-income households or may render residential construction economically very difficult for developers. Constraints to housing production significantly impact households with lower incomes and special needs. According to stakeholders, the most pressing challenges to preserve existing affordable housing and producing new affordable units include the high cost of construction, limited funding available to provide gap financing, increased competition for securing Low-Income Housing Tax Credits (LIHTC), regulatory requirements for funding sources that add cost and time to projects. The City is also experiencing increased demand from growing special needs populations, including seniors, which increases the need for a wider range of housing options. Actions by the City can have an impact on the price and availability of housing in the community. Land use controls, building codes, fees, and other local programs intended to improve the overall quality of housing may also serve as a constraint to housing development. Housing supply and costs are affected by the amount of land designated for residential use and the density at which development is permitted. Actions it planned to remove or ameliorate the negative effects of public policies that serve as barriers to affordable housing such as land use controls, tax policies affecting land, zoning ordinances, building codes, fees and charges, growth limitations, and policies affecting the return on residential investment The City's Housing Element is the primary tool that includes the list of comprehensive strategies and programs that will be implemented to remove or ameliorate the barriers to affordable housing. The City’s land use policy provides ample opportunities for higher-density development, which increases the feasibility of affordable housing projects. In addition, a number of financial and administrative resources are available to assist in the development of affordable housing and implementation of the City’s housing programs. The City coordinates the use of federal, State, and local funds to facilitate the development of affordable housing. More specifically, one of the City’s Housing Element programs is to streamline processes to facilitate residential development (Program H4-6: Permit Processing). The City has taken the following steps to ATTY/RESO.0019/CC RESO 2026 ANNUAL ACTION PLAN (CDBG) - EXHIBIT A REV: 05-01-26 LF Page 50 of 107