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<br />Economic & Planning Systems, Inc. 14 Redwood City Housing Impacts <br />4. Redwood City Housing Impacts <br />The impact of the proposed Ordinance will largely depend on Redwood City’s <br />local rental housing market. Accordingly, this chapter describes the composition <br />of the City’s housing supply and renter population to shed light on likely fiscal and <br />economic implications of the proposed Ordinance if approved. <br />Housing Supply <br />As shown in Table 3, approximately 48 percent of the about 35,000 housing units <br />in Redwood City are renter-occupied, and these renters account for about 50 <br />percent of the City’s population. Overall, Redwood City’s proportion of rental <br />housing is about nine percentage points higher than the Statewide average. Most <br />of the City’s rental units, over 70 percent, are in structures with 2 or more units. <br />But it is worth noting that all rental properties would be subject to the just-cause <br />provisions of the proposed Ordinance, regardless of size. <br />Table 3. Housing Stock by Type <br /> <br />Source: Department of Finance 2025, ACS, 2024 5-Year estimate <br />Looking more closely at the composition of multi-family housing illustrates how <br />the City’s housing stock would be affected by the rent control provisions of the <br />proposed Ordinance under Costa-Hawkins. As shown in Table 4, after excluding <br />single family homes, condos, and all housing built after 1995 (all exempt from rent <br />control under Costa-Hawkins), about 19 percent of the City’s housing stock <br />would be subject to the rent control provisions of the proposed Ordinance. These <br />units are currently subject to statewide rent caps under the Tenant Protection <br />Act, but the proposed Ordinance would establish lower local rent limits if <br />approved. When considering the City’s rental stock only more than half (61%) <br />would be exempt from the proposed Ordinance, about 28 percent because they <br />are single family and 33 percent because they are in multi-family units built in or <br />after 1995. <br />Housing Type Estimate <br />% of <br />Total <br />% of Rental <br />Housing <br />Total Housing units 33,516 100%N/A <br />Owner- Occupied 17,348 52%N/A <br />Mobile Homes 570 2%N/A <br />Renter- Occupied 16,168 48% 100% <br />1 units (attached or detached)4,569 14% 28% <br />2 or more units 11,407 34% 71% <br />Mobile Homes 110 0% 1% <br />8.A. - Page 142 of 168 <br />152