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HOUSING FOR LOW AND MODERATE INCOME RESIDENTS <br />Introduction <br />Housing San Leandro's low- and moderate-income residents is one of the Agency's top <br />priorities. The Agency's goal is to: <br />Use no less than 20% of all its tax increment reven andoa o dablento~ households with <br />preserving the community's supply of housing available .ff <br />very low, law, or moderate incomes. <br />The inventory of affordable housing (also known as workforce housing) provided by the market <br />has shrunk in recent years, because of the expansionthatl there bs sufficie t housing for San <br />economy. To address this problem and to assure <br />Leandro's workforce, the City's Housing Element Strategu5 nv foroa oariety ofincom'e groupsg. <br />housing stock while providing opportunities for new ho g <br />The Agency plays an integral part through the use of the Low- and Moderate-Income Housing <br />Fund {LMHF). <br />The Agency is required by California law to "set aside" 20 in° easing, imprav ng and preserving <br />redevelopment project areas to be used for the purpose of g <br />the community's supply of housing available and a0fordable to households with low and <br />moderate incomes. The LMHF contains the totals of 20 /~to use these fundsfrhroughout the C ty. <br />areas, and the Agency has made the appropriate findings olicies governing the <br />The LMHF is administered as noneas a whole, ratheprrthan that of each project area. This <br />expenditures are that of the Age y <br />funding is sometimes referred to as the set-aside. <br />Table S. Im Iementation Plan Period Housin Set-Aside Projections <br />Fiscal Ycar Housing Set-Aside <br />Funds (Tax Increment) <br />2003-04 (balance} ~"'>""~'-- - <br />2004-OS $1,420,000 <br />2005-06 $1,460,000 <br />2006-07 $1,570,000 <br />2007-08 $ i ,630,000 <br />2008-09 $1,b90,000 <br />Five Year Total $10,654,000 <br />Source: San Leandro Redevelopment Agency; Urban Anatytics. <br />Table $ indicates the Agency projects over $10-million ie Plaza Projectd1Area is extend d (as <br />housing over the next fiv n the Plaza secPon of the Plan), the total will be even higher. <br />discussed in more detail i <br />There are many different requirements for housing imposed on ofe themb overlapping w the the <br />various reports the City is required to prepare, some <br />Im lementation Plan requirements. The Housing Element of ear a d a haflifter the appsaval <br />p 2003, approximately y <br />important. It was approved m 3anuary <br />1004-2009 Implementation Plan <br />Page 17 <br />