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Table I4. Prior Implementation Plan Period -Units Assisted with LMHF Available to Families with Children Year Pro}ect/Location Total Family Moderate Low Very Low Amount Units Units 0120% Income Income LMHF Assisted/ (1-BR) AMI} (~80% (<50% Restricted AMI} AMT} 2002- Surf Apartments, 23 23 0 0 23 $300,000 2003 15320 Tropic Court 2002- Golden Gate Apts., 4 4 1 0 3 $110,000 2003 15151-15170 Golden Gate Drive 1999- Urbach Apts., 835 7 7 0 1 6 $80,000 2000 San Leandro Blvd 1999- Warren Manor 11 11 0 3 8 $340,000 2000 Apartments, I11 Freda Street Total 45 45 1 4 40 $830,000 Source: San Leandro Redeve[opmen[ agency. Finally, the Agency's First Time Homebuyers program assisted 58 households with an average down payment loan of $9,000 per household in the past period. This has been a historically popular program with a long waiting list. Inciusionary Housing and Replacement Obligations If the Redevelopment Agency takes any actions which destroy existing housing, the agency must replace the housing by creating units called "replacement housing". The Agency has a replacement bank of 103 very low income, eight low income, and 45 moderate income units that could be used if in the future any existing housing is destroyed. If any new housing is built in a redevelopment project area, whether by the Agency, by a private developer with Agency assistance, or by a private developer without Agency assistance, the Agency incurs an obligation to ensure that some of the units are for moderate or very low income households. Units meeting this need are called "inclusionary housing units". Thirty percent of the units in the project must be inclusionary if assisted by Agency funds, or 15% if privately developed without Agency assistance. The inclusionary units can be inside or outside the project areas, although when they are located outside the project area, Agency must provide two units for every one unit built in the project that triggered the inclusionary requirement. The Agency has a production bank (surplus inclusionary units) of 81 very low income units and two low and moderate units if in the future the agency should incur a new obligation, although the Agency does not anticipate destroying any housing units in the next Implementation Plan period. All the inclusionary and replacements units are listed in the following Tables 15 and 16. The requirements of the law are unclear as to including Agency assisted replacement units in the production bank. This is the San Leandro Redevelopment Agency's past and currenk practice. 2004-2009 Implementation Plan Page 27