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CWM:djm 11/06/89 (098/#25 <br />· ~ CWM:djm 1" ~29/89R <br /> <br /> be used to supply low and moderate income housing in <br /> ~ excess of the statutory minimum. <br /> c. Rationale and Facts Supporting Findings. Using <br /> available figues, the 1980 Census showed that about <br /> 28% of the employed residents of Redwood City worked <br /> in Redwood City. ABAG projects that in 1990, there <br /> will be 43,000 jobs in Redwood City. If 28% of these <br /> jobs, some 12,152, are held by Redwood City <br /> residents, 31,248 will be held by people who do not <br /> live in Redwood City, that is, "in-commuters". <br /> ABAG's Housing Needs Determination arbitrarily <br /> estimates that half the 31,248 (or 15,624 job <br /> holders) would be in-commuters. If these figures <br /> were applied to the Second Amendment Area employment <br /> to estimate housing demand, the demand would be 706 <br /> (1,961 jobs x 72% in-commuters x 50% = 706) rather <br /> than the 1,431 given in the DEIR. The figure of 935 <br /> units expected to be constructed is the sum of an <br /> estimated 610 units to be built under General Plan <br /> buildout, plus 325 units constructed from "set-aside <br /> funds". Understanding that a portion of "set-aside <br /> funds" may be needed for relocation or replacement, <br /> there should at least be sufficient "set-aside funds" <br /> to construct an additional 96 units which would <br /> neutralize the impact on housing. In any case the <br /> impact would be insignificant. The "jobs/housing <br /> balance" is a matter of regional scope and cannot be <br /> <br /> 8 <br /> <br /> <br />