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REDWOOD CITY SEEKS BRADFORD STREET AFFORDABLE HOUSING PROPOSALS

Downtown Housing Project To Further The City of Redwood City's Affordable Housing Goals

Post Date:06/23/2015 10:44 AM


For Immediate Release
 
June 23, 2015

Media contact: 
Meghan Horrigan
408-499-1345
mhorrigan@redwoodcity.org

Redwood City, Calif. - To support the City of Redwood City's affordable housing goals, the City is seeking proposals to build an affordable housing project on City-owned land known as "Bradford Street Site" in downtown Redwood City. The Request for Proposals (RFP) for this project was released on Monday, June 22, 2015 following City Council review and approval of the RFP in mid-May. The RFP is available at the following link:

http://www.redwoodcity.org/phed/housing/pdf/Bradford.RFP.pdf

"The City Council continues to be very creative and innovative in meeting their goal of housing for all income levels and the Bradford Street Project will help address this important regional issue," said Dr. Robert Bell, city manager of Redwood City. "We are thrilled to seek proposals to build a 100 percent affordable housing project in the downtown and feel confident that local developers will submit creative proposals to support the City's goals."

The Bradford Street RFP will engage the non-profit development community to further the City's goals to build a 100 percent affordable housing project. While a senior or multigenerational community is the preferred development type, all proposals that include 100 percent below market rate affordability levels will be considered. Other desired project attributes include ground-floor childcare and non-profit offices. A publicly accessible park along Redwood Creek will also be a project requirement. Proposals are due August 31, 2015, with City Council review and selection scheduled this fall.

In May the City Council approved over $12M toward affordable housing initiatives furthering the City of Redwood City's three-prong housing policy to support housing for all income levels. This policy involves 1) creating funding sources and incentive structures to subsidize affordable housing; 2) increasing the overall supply of housing, and 3) implementing programs that allow existing Redwood City residents to "stay in place."

These actions included approving utilization of the City-owned Bradford Street Site for a future affordable housing project. In addition, the Council approved to subsidize a twenty-unit Habitat for Humanity affordable housing project in downtown. Finally, the council approved the proposed fire safety upgrade program to give loans to multi-unit dwellings to install fire sprinklers. The program will make the loans "forgivable" if the landlord agrees to stabilize rent to tenants during the five-year repayment period. The details of this program will be before the Council this summer.

With over 2,500 housing units recently completed, under construction, or in the planning pipeline, the City of Redwood City is a leader in the creation of new housing within the region and continues to do its part to support new housing supply within the community. The City of Redwood City has 769 affordable housing units citywide and two projects in the planning stages which will add 35 additional affordable housing units. More on the Bradford Street Development:

  • The parcel at 707 Bradford was acquired in 2004 with former Redwood City Redevelopment Agency (RDA) Low-Moderate Housing Set Aside (LMH) funds for 1.4 million. The parcel at 777 Bradford was acquired for 1.2 million with a combination of Community Development Block Grant (CDBG), HOME Investment Partnership Program (HOME) and former RDA-LMH funds. The intention was to develop affordable senior housing and a childcare facility.
  • The City completed the demolition of an existing two-story office building on 707 Bradford and completed Phase I and II Environmental Site Assessments. Due to lengthy environmental assessment process, a specific development project was not identified within the required federal CDBG and HOME program limitations. As a result, in 2009, the former RDA used its LMH funds to reimburse both the CDBG and HOME acquisition funds. This transaction removed federal funding from the Site and related requirements.
  • In 2011 the parcels were transferred from the RDA to the City. The use of RDA LMH funds requires the inclusion of below market rate housing in the Project.
  • These two contiguous parcels are located between two parcels already owned by the City and comprise the Bradford Street development.

Interested developers are encouraged to call Steven Turner, Planning Manager with the City of Redwood City at 650-780-5934, and download the official RFP.

About the City of Redwood City

The City of Redwood City is located in the middle of the Bay Area and Silicon Valley, extending from the San Francisco shoreline to the hillsides of the Santa Cruz Mountains. With over 76,815 residents Redwood City is the third largest city within the County of San Mateo and boasts the 'Climate Best by Government Test' (the city slogan). Incorporated in 1867, Redwood City is home to the San Mateo County History Museum, the only active deep water Port within the South San Francisco Bay and a vibrant downtown offering residents, visitors and businesses a unique retail, entertainment and restaurant experience for all ages to enjoy. Visit www.redwoodcity.org for more information about the City of Redwood City or follow us on Twitter at @RedwoodCity.

 

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