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REDWOOD CITY FAIR AND AFFORDABLE HOUSING ORDINANCE <br /> <br />Economic & Planning Systems, Inc. 50 Conclusion <br />services, start-up cost repayment, and operating reserve funding are included. <br />Because the proposed Ordinance restricts ongoing General Fund support, fee <br />sufficiency would be a central implementation issue. <br />Overall, the proposed Ordinance may provide additional tenant protection, but it <br />would also create new financial, administrative, and legal complexity for property <br />owners, affordable housing providers, and the City. The potential impacts are <br />most significant where new obligations are difficult to administer, difficult to <br />underwrite, or layered onto properties with limited operating flexibility. If <br />adopted, successful implementation would likely depend on clear applicability <br />rules, detailed administrative guidance, adequate program funding, and <br />coordination with affordable housing regulatory systems. <br /> <br />8.A. - Page 109 of 168 <br />119