Affordable Multi-Family Housing - May 18, 2021 Preservation - 12:00PM - 2:00PM

PowerPoint Presentation Affordable Multi-Family Housing May 18, 2021 Preservation 12:00PM – 2:00PM in Redwood City WELCOME WELCOME! Alin Lancaster (Housing Leadership Manager, City of Redwood City) Alma Montalvo and Elan Scheinman (Members, Housing and Human Concerns Committee) Brandon Harrell (Management Fellow, Partnership for the Bay’s Future) 2 of 25 Zoom Technology Audio and video View contro. [...] Support owners of • Accessory Dwelling Encouraged the City to: Unsubsidized Affordable Unit (ADU) • Deed-restrict more Housing (UAH) units by assistance affordable units providing: • Streamlined • Improve oversight of • Mediation resources approvals for deed-restricted units • Incentives that help acquisition/ • Develop policies that property owners keep rehabilitation of UAH increase density near. [...] 1 bedroom $2,928 2 bedroom $3,294 The property’s location, condition, 3 bedroom $3,659 age, design elements and a variety of other reasons attribute to the lower 4+ bedroom $3,953 costs. [...] | HIP Housing • 7 units and 1 commercial space • Owner wanted to sell w/o displacing tenants • Owner partnered with City and HIP Housing • City contributed funding to HIP Housing to acquire at market- rate and convert to deed- restricted affordable • Preservation model was effective at preventing displacement and could be replicated 16 of 25 Challenges of Acquisition & Rehabilitation Funding Tenan. [...] What do you think about the strategies described by the City • Acquisition and Rehabilitation • Noticing and Opportunity to Purchase Policies • Rehabilitation Funding for Property Owners • Educational Opportunities 20 of 25 Breakout Groups ➢Please turn your video on if possible ➢We will unmute you ➢ If you receive a message asking you to join a breakout group, please accept ➢Breakout groups will b.