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AgdaPkt 2004-12-13
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AgdaPkt 2004-12-13
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7/16/2012 3:49:37 PM
Creation date
12/9/2004 3:12:34 PM
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CC Index
CC Index - Document Type
Agenda Packet
Date
12/13/2004
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l.!/ � � � 6 ./ <br /> TABLE 6 " DRAFT FOR D/SCUSSION " <br /> CURRENT HOUSING PRODUCTION COMPLIANCE STATUS, NON-AGENCY-BUILT HOUSING <br /> REDWOOD CITY REDEVELOPMENT PROJECT N0. 2 <br /> REDEVELOPMENT AGENCY OF THE CITY OF REDWOOD CITY <br /> Units wlCovenants <br /> Total Very Low to Very Low <br /> Built Mod.lncome Income <br /> (Incl. in Very <br /> New Construction � Substantial Reh_ab Units. 1962 -1999 Low to Mod.) <br /> New Units Built (from Appendix Table A.) (1) 205 <br /> Units SubstanGally Rehabilitated (from Appendix Table B.) 4 <br /> Total Units, Built or Substantially Rehabilitated (1982 - 1999) 209 <br /> InclusionaN Reauirements (1962 -1999) (40% of 15%) <br /> Percent Requirements 15% 6 <br /> InGusionary Units Requirement (1982 - 1999) 31 13 <br /> Covenanted Units Built or Substantiallv Rehab. (1982 -1999) <br /> New Units Built (from Appendix Table A.) 114 (2) 47 (2) <br /> Units Substantiaily Rehabilitated (from Appendix Table B.) 0 0 <br /> Total Covenanted Units Buiit or Substantiaily Rehab. (1982 - 1999) � �4 4� <br /> Subtotal Excess (Shortage) of Covenanted Units (1982 - 1999) 83 � <br /> Plus: Multi-Family Covenants Purchased 0 0 <br /> <Less> Covenanted Units Sold/Restrictions Lifted (3) 0 0 <br /> Plus: Affordable Units BuiR Outside Project Area 7(4) 7(4) <br /> ., <br /> Total Excess (Shortage) of Covenanted Units (1982-1999) y� '"' � <br /> New Construction & Substantial Rehab Units. 2000 - 2004 (1) <br /> New Units Buiit (from Appendix Table A.) (5) 210 <br /> Units Substantially Rehabilitated (from Appendix Ta51e 8.) 99 <br /> Total Units, Built or Substantially Rehabilitated (2000 - 2004) 309 <br /> Total Inclusionarv Units Reauirement 12000 - 20041 (40% of 15%) <br /> Percent Requirements 15% 6% <br /> Inclusionary Units Requirement (2000 - 2004) 46 19 <br /> Covenanted Units Built or Substantiativ Rehab. (2000 - 2004) <br /> New Units Built (from Appendix Table A-1.) 6(6) 6(6) <br /> Units Substantially Rehabilitated (from Appendix Ta61e B.) 99 25 <br /> Total Covenanted Units Buiit or Substantialiy Rehab. (2000 - 2004) � �5 3� <br /> Subtotal Excess (Shortage) of Covenanted Units (2000 - 2004) 59 �2 <br /> Plus: Multi-Family Covenants Purchased 0 0 <br /> <Less> Covenanted Units Sold/Restrictions Lifted 0 0 <br /> Plus: Affordable Units Built Outside Pro'ect Area 0 0 <br /> Total Excess Shorta e of Covenanted Units 2000-2004 59 12 <br /> Plus: Excess (Shortage) of Covenanted Units from Prior Period 90 4� <br /> Cumulative Excess (Shortage) of Covenanted Units (1982 - 2004) 149 53 <br /> Noter. <br /> (1) Includes 4 units of replacement housinp at Wyndham. <br /> (2) Less 4 replacement units at W yndham, 2 of which are very bw-income. <br /> (3) The previous Implementation Report, coverinp the period 1982-1994, did not indude any inventory of such covenanted units; <br /> therefore k is assumed that none existed. <br /> (4) Includes Rolison Road (36 unils total less 21 replacement units = 15, crounted at Mro-for-one towards production, or 7 unils). <br /> (5) InGudes 2 units of replacement housinp at F2nklin St <br /> (6) Less 2 replacement units at Franklin Sl <br /> Source: Redwood City Redevelopment Agency, KMA. <br /> Prepared by: Keyser MarsWn Associates. Inc. <br /> Filename: 18610.00110301RC Housinp Plan 72-2-04 (no R); Table6; 12/6/2004: mc <br /> 32 <br />
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