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REDWOOD CITY FAIR AND AFFORDABLE HOUSING ORDINANCE <br /> <br />Economic & Planning Systems, Inc. 30 Cumulative Impacts <br />transfers, voucher payment standards, and regulatory agreement compliance. If <br />the proposed Ordinance creates significant penalties for errors, owners may <br />perceive higher legal risk even if they are acting in good faith. <br />Potential Changes to Costa-Hawkins <br />As discussed in the initial 9212 Report, several stakeholders raised concerns <br />regarding potential future changes to State rent control law, particularly the <br />possibility that Costa-Hawkins could be amended or repealed. These concerns <br />generally relate to long-term investment certainty and project underwriting rather <br />than the direct effects of the proposed Ordinance under current law. Because any <br />modification to Costa-Hawkins would require separate State legislative action and <br />remains speculative, this supplemental analysis does not independently evaluate <br />potential future regulatory scenarios. <br /> <br /> <br />8.A. - Page 89 of 168 <br />99