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Economic & Planning Systems, Inc.7 <br />May impose additional financial burdens on landlords, but <br />incremental impacts relative to existing conditions are unclear: <br />•Post-1995 market rate multi-family: Impacts can be mitigated over time with <br />rent increase <br />•Pre-1995 market rate multi-family: More difficult to address issues with limits <br />on rent increases <br />•Single-family, condos, ADUs: May incentivize some owners to remove units <br />from the rental market <br />•Affordable housing: May conflict with or complicate existing affordability <br />covenants <br />•Regional Housing Needs Allocation (RHNA)*: Perceived increase in costs <br />/risks may affect City’s investment climate for housing <br />JUST CAUSE EVICTION - WHAT ARE POTENTIAL IMPACTS? <br />*Redwood City’s RHNA is based on State mandated process that requires jurisdictions to plan for enough <br />housing to accommodate growth.