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Economic & Planning Systems, Inc.20 <br />EXISTING AFFORDABLE HOUSING STOCK <br />•With over 1,500 units, <br />affordable housing accounts <br />for about 10% of the City’s <br />rental stock <br />•Pre-1995 buildings house <br />about 45% of the City’s <br />affordable units (and would <br />be subject to rent control) <br />•Pre-1995 buildings are also <br />smaller (avg. = 27 units), <br />making it more difficult to <br />absorb costs <br />197, <br />13% <br />657, <br />44% <br />652, <br />43% <br />Composition of Redwood City <br />Affordable Housing <br />(Total ~1,506 units) <br />Inclusionary Units <br />Pre-1995 100% Affordable <br />Post-1995 100% Affordable <br />Most <br />Impacted: <br />Subject to <br />rent <br />stabilization <br />+ smaller <br />projects