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Redwood City General Plan 6.1.F. - Page 12 2012 Annual Report approximately 6,300 units identified on sites in the Housing Element. As previously described, on January 24, 2011, Redwood City adopted Zoning Ordinance/Map amendments for the Downtown Precise Plan, which allows 2,500 residential units with no density cap and allowed heights of up to 12 stories. On June 13, 2011, the City also adopted five Mixed Use Corridor District Zoning Amendments/Maps that provide an additional 2,083 housing unit opportunities along the City's major transportation corridors at 60 units/acre and allowed heights of five stories. On March 11, 2013, the City Council considered adoption of the Mixed Use Neighborhood and Mixed Use Live-Work Zoning Districts to allow an additional 573 housing unit opportunities and, consistent with SB2, considered an amendment to the Zoning Ordinance to allow emergency shelters by right. Final adoption is anticipated for May 2013, and will be reported in the next reporting cycle. Progress in Meeting the Regional Housing Needs California law requires each city and county to have land zoned to accommodate its fair share of regional housing need. The California Department of Housing and Community Development (HCD) determined that the proj ected housing need for years 2007 to 2014 for the Association of Bay Area Governments (ABAG) region is 214,500 housing units. ABAG, in concert with Housing Methodology Committee (HMC) members (primarily elected officials and/or several senior level planning/housing staff from the 101 cities and towns of the San Francisco Bay region), allocated and administered the initial regional housing needs allocation (RHNA) comprised of very-low, low, moderate and above moderate income housing categories, to Bay Area jurisdictions. The County/City Association of Governments (GCAG), in concert with "21 (Jurisdiction Housing) Elements" (elected officials and senior level planning/housing staff from San Mateo County's 21 jurisdictions), further refined/ administered the RHNA allocation at the San Mateo County jurisdictional level. As a result of the regional and county level planning processes described above, Redwood City's RHNA for the 2007-2014 Housing Element planning period is as follows (Table 1): Table 1 Redwood City RFINA Allocation Income Group % of County Median RHNA Percentage of Family Income (Housing Units) Units Very low 0-50% 422 23% Low 51-80% 304 16% Moderate 81 — 120% 358 19% Above Moderate 120% + 772 42% Total 1,856 100% As indicated in Table 2 below there were few building permits issued for new housing unit construction from 2007-2009 likely due to the housing market crash and sluggish economy. Between 2010 and 2011, the housing market began to show some signs of recovery. In 2012, Building Permits were issued for four large-scale residential projects: 640 Veterans Boulevard (264 units), 2580 El Camino Real (141 units), 201 Marshall Street (116 units), and 333 Main Street (132 units). The first two projects are located in areas newly designated Mixed Use- Corridor by the new General Plan. The other two proj ects are located in and near the Downtown 7 � Page