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9. Preserve the availability to lower income households of affordable housing units in housing developments that are assisted or subsidized by public entities and that are threatened with imminent conversion to market rates. 2. [Section 212.2] Replacement Housing The Agency shall comply with the requirements herein below whenever dwelling units housing persons and families of low or moderate income are destroyed or removed from the low- and moderate- income housing market as part of a redevelopment project subject to a written agreement with the Agency or where financial assistance has been provided by the Agency. The Agency shall, within four years of the destruction or removal, rehabilitate, develop, or construct, or cause to be rehabilitated, developed, or constructed, for rental or sale to persons and families of low or moderate income, an equal number of replacement dwelling units that have an equal or greater number of bedrooms as those destroyed or removed units at affordable housing costs within the Agency's territorial jurisdiction. When dwelling units are destroyed or removed, 75 percent of the replacement dwelling units shall replace dwelling units available at affordable housing cost in the same income level of very low- income households, lower- income households, and persons and families of low and moderate income, as the persons displaced from those destroyed or removed units. Replacement Housing Plan. Not less than 30 days prior to the execution of an agreement for acquisition of real property, or the execution of an agreement for the disposition and development of property, or the execution of an owner participation agreement, which agreement would lead to the destruction or removal of dwelling units from the low- and moderate- income housing market, the Agency shall adopt by resolution a Replacement Housing Plan. For a reasonable time prior to adopting a Replacement Housing Plan, the Agency shall make available a draft of such Plan for review and comment by the Project Area Committee, if any, other public agencies, and the general public. The Replacement Housing Plan shall include (1) the general location of replacement housing to be provided, (2) an adequate means of financing such housing, (3) a finding that the replacement housing either does not require the approval of the WEST SAN LEANDRO/MACARTHUR BOULEVARD PAGE 18 REDEVELOPMENT PROJECT AREA REV 2999;22399:22599: 32699; 33099:040199 ;0615991n1