City of Redwood City Affordable Housing Plan
The City of Redwood City offers a number of programs and services to support housing for all income levels.
1. Invest In Creating More Affordable Housing
2. Help Residents Find or Locate Affordable Housing
3. Keep Homes in Redwood City Affordable Through Housing Rehabilitation Grants and Programs
Creating Affordable Housing
The City of Redwood City has invested and produced 774 units of Below Market Rate (BMR) units of which 598 are rental and 176 are ownership units. All 774 units are deed restricted as BMR for 25 - 55 years. Redwood City has assisted with the rehabilitation of 2,800 homes owned or owner occupied by lower income residents, of which 2,500 are multi-family units, and 500 are single-family units.
Redwood City voters adopted a Utility Users Tax (UUT) in 1988. Funds from the UUT are dedicated to the City's Capital Improvement Program (CIP). In the 2015-16 CIP budget, this line item was $750,000 to further the City's existing affordable housing fund.
The City of Redwood City recently approved investing in new affordable housing developments by awarding $1.5 million to Habitat for Humanity to construct 20 units of ownership housing in downtown Redwood City. This will be Habitat's fourth project in Redwood City.
The City awarded $1.2M in CDBG and HOME grants this year. The Council established a 5-year plan that will award over $4 million in grants over this time period.
October 26th City Council Meeting and Affordable Housing Proposals
The City council will review or consider taking action on five affordable housing items, including:
- Gaining a preview of downtown affordable housing and park proposals on City owned land, known as the Bradford lot
- Adopting of affordable housing impact fees
- Collecting AirBNB Transient Occupancy Tax and dedicating funds toward affordable housing
- Initiating of General Plan amendment to require production of downtown affordable units within the first phase of the downtown Precise Plan
- Expanding the Accessory Dwelling Units ordinance to increase flexibility to add a second living unit on properties that have a single-family residence