RECENT AFFORDABLE HOUSING NEWS
In 2015, the City Council approved three approaches to support affordable housing in the community, including: increasing the overall supply of housing, supporting programs and new regulations aimed to allow existing Redwood City residents to “stay in place”, and creating new funding sources and incentives to produce new affordable housing.
To support these significant goals, a number of affordable housing efforts are underway and more are coming up for Council consideration soon.
Here are some actions underway or recently completed to help support affordable housing in our community.
Increasing Affordable Housing
- The new affordable housing development on City-owned property at 707 Bradford continues to move forward. This project will generate 117 very-low senior affordable units, include a space for a day care center and more. For details on this project, go here.
- Recently, the City Council approved new Accessory Dwelling Unit requirements to make it easier to build small units constructed in residential areas of the City. An Accessory Dwelling Unit (ADU) is a smaller living unit on a property that has a single-family residence. It is complete with its own kitchen and bathroom facilities. Common names for an ADU include in-law unit, secondary unit, and backyard cottage. For more details on this go here .
- The City Council revised the Downtown Precise Plan and required that 375 units of 2,500 housing units be affordable housing.
- This May the City Council will consider establishing affordable housing requirements in developments, also known as inclusionary housing (based on new state law that will allow for this).
Creating New Funding Sources To Support Affordable Housing
- The City Council recently held a public hearing and took initial steps to regulate short-term rentals (AirBnB and others), and dedicate the transient occupancy tax revenue generated to the City’s affordable housing fund. Redwood City is the first community in the region to dedicate taxes generated by short-term housing to support affordable housing.
- The Council also approved affordable housing impact fees to help pay for the creation of new affordable housing in our community. This action requires new residential and commercial development to pay fees to support affordable housing.
- This spring, the City Council will consider funding guidelines to begin to allocate funding from the Affordable Housing fund to support affordable housing in the community.
New programs and new regulations aimed to allow existing Redwood City residents to “stay in place”
- On March 26 the City Council will consider minimum rental lease terms and renter relocation assistance recommendations which were first approved by the Housing and Human Concerns Committee.
Community Dialogues on Housing
The City, in partnership with Redwood City 2020, the County’s Home For All initiative and the Library Foundation, will co-host a series of community dialogues on housing named Our Community: Housing and Our Future. For event details, go here.