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Economic & Planning Systems, Inc.28 <br />IMPACTS ON AFFORDABLE HOUSING PIPELINE <br />•The Proposed Ordinance is not expected to directly prevent Redwood City <br />from meeting RHNA, but it could make affordable housing production and <br />preservation more difficult over time. <br />•Higher fees, compliance costs, and operating uncertainty may weaken project <br />cash flow. <br />•Weaker cash flow can reduce lender and investor confidence, making <br />financing harder to secure. <br />•Projects may need more gap subsidy before they can close and begin <br />construction. <br />•Preservation and rehabilitation projects may face added relocation and tenant <br />safety plan costs