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7.A. - Page 85 <br /> Market Constraint�-NiA <br /> Canstruction costs, lar�d costs,availability of financin�ajI contrib�te to the cost af housing pmduction. <br /> DevelopmcRt Costs-N!A <br /> '�he price of land is one of the�argest components of housing devel�pment aasts in Northem California. <br /> Cost of Building M�terials -NIA <br /> Another major cost assoeiated with resi.dent�al building is the cost of rnaterials,wk�ich can comprise s <br /> significant partion of the sales price af a hame and has risen draxnaticaIly in re��t yeazs-N!A <br /> Th�se costs inciude struciural,electrical,plumbing,and rnechanxcal�n+ark, in addition to interior finish <br /> and nortnal site preparatian-NIA <br /> Labar Costs—N/A <br /> A�a�labilit�y of Mortgage Financing-N/A <br /> Govern�nenta!Constraitnts-N/A <br /> I�iousing s�zpply a�d casts are affected by the a�r►ount of land designatedfor residential use and the densiry <br /> at w�ch development is parnaitted. <br /> Environnaental Constraints—NIA <br /> En�iront�n,ental factars can constrain residential developmer�t in a catnmunit�by increasing costs and <br /> reducing the amouni of land suitable for housing consix�uction. <br /> Hazardous M�terials-NIA <br /> Projects with residual soil and gro�ndwaier contatninatian on t�:e land can experiencE substantial delays. <br /> NlA far the water,concern for the�ar�d. <br /> Infrastructure Constraints-N/A <br /> Often, one of the most expensi�e site irnprovements is t�e undergrounding of utilities.Other primary <br /> imprnvements are for new curb,gutters,and sidewalks,whic�t a�e in need of repair. <br /> *�'OEh�r Cans�raints.See H-1�1 <br /> "Az�additional signif�cant constraint to the deve�opment of hausing cari be created by neighborhood <br /> oppasition to new development.Also known as NIMBYism, c�r t[ie"Not in My Bac�rd"syndronne, <br /> neighbarhood oppasition can stymie development or cause Iong delays on projects.Typically, <br /> 1�iIMBlrism can suzface regarding a�Yew develapment because af percei�ed decreases in property vaIues, <br /> ��erioration of service levels,f scal impaets, en�ironrrientat degradation,or publi.c�ealth axi.d.safety <br /> issues.'= <br /> �nteres#ivagly, if�e har�orlmarina cornrnunity were not being dispiaced,as previously promised and <br /> refle�ted in#he General�lan,�en th���vould be no o��osition b,���e�b3ic �nd#enants.It is actually <br /> "rc�verse NIMBYisexx"of the develaper and ow�er w[�a have�rgued that the"ltveabo�rds"�re not <br /> desired,�otent�a�iy decrease property value and degrade ihe enviranrnen�. Although#his is untrue, <br /> the delay in develapment here is because a cornmunity has to fight ta preserve ifis own pratected and <br /> valued stahts as re�le�ted in the Gene�'al Plan and dexnanstrate how it meets the City's Hausing E1err�ent <br /> at�d other Visior�'oliaies of tiie Plan. <br /> C�3.All od Ci 's H u in e I 6 ar liveaboar <br /> the marinas: <br /> *Maintain and preserve the existing affordable housing stock to provide safe a.nd affordttble hausing ta <br /> m�et�he needs of all residents in Redwaod City. <br /> *Assist in the de�velopment of afifardable hausing tttat n�eets the needs of a11 socio-economic segrnents of <br /> th.e community. <br /> �`Idantify adequate sites to achieve a vaxiety arad divezsify of Housing to meet Redwood City's share of <br /> re�ional housing�eeds far all income groups, and encourage a r+ariety o�housing types. <br /> *Remave poternial consCraints to hausing developrnen�and affordabiIity. <br /> *Promo�e equal housing appnrtunity. <br /> "`Frovide programs to tneet other identified housing naec�s. <br /> 14 <br />