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Year Expenditure Plan period (2009 -2019) could be spent on senior housing (see Table 12). However, CRL Section 33334.4 was amended so that the LMHF spending (and consequently unit production cap) for affordable senior housing over the same 10 -year period was based on the percentage of low income seniors (compared to the total low- income population) in the City. According to Census 2000, there were 41% low- income senior households in the City in comparison to the overall low- income household population in the City. Thus, no more than 41% of LMHF- funded affordable housing units (versus 16% previously) can be constructed for lower income seniors from 2009 -2019 as shown in Table 12 below. The following table outlines the potential number of units that could be funded with LMHF for the next 10 years based upon the amount of anticipated tax increment and the amount of average subsidy per unit. Table 12 reflects FY09 -10 estimates based on the 1) revised LMHF targeting formula for seniors, 2) actual new affordable housing units created or approved by the City Council (i.e., Estabrook Place's affordable senior apartments), and 3) increased LMHF revenues and revenue projections. Table 12. Housing Element Targeted Groups and Estimated Exnenditures — FY2009 -2019 Souree: City of San Leandro, Urban Analyties ( *) Assumes 15% increase in construction costs The Agency may adjust the proportion required by subtracting from the need identified for each income category any units developed with other locally controlled government assistance, such as the HOME program. VI. PROGRAM PRIORITIES A. Projected Activities for the Next Five Years The current combination of market forces and public revenue constraints will make it very difficult in the next few years to meet the needs for affordable housing. However, the Agency has prioritized the following affordable housing activities for its LMHF allocations: 1. New Affordable Rental Housing Development: The Agency will help facilitate the development of affordable rental housing for extremely low -, very low -, low -, and moderate - income households, including young adults, single adults, and larger families. Currently, the Agency has been assiduously working with various partners, including the San Leandro Redevelopment Agency 2010 -2014 Implementation Plan Page 26 Target Target Units Potential Maximum Minimum Target Units Senior Very Low Minimum Estimated Cost Fiscal Years Units RDA Units Income Low Income per Unit Could Fund (41 %) (22 %) (12 %) 2009 -2014 122 50 27 15 at $110,000 /unit 2014 -2019 118 48 26 14 at $127, 000 /unit* Total Units 240 98 53 29 Estimated LMHF $28,389,335 $11,639,627 $6,245,654 $3,406,720 Souree: City of San Leandro, Urban Analyties ( *) Assumes 15% increase in construction costs The Agency may adjust the proportion required by subtracting from the need identified for each income category any units developed with other locally controlled government assistance, such as the HOME program. VI. PROGRAM PRIORITIES A. Projected Activities for the Next Five Years The current combination of market forces and public revenue constraints will make it very difficult in the next few years to meet the needs for affordable housing. However, the Agency has prioritized the following affordable housing activities for its LMHF allocations: 1. New Affordable Rental Housing Development: The Agency will help facilitate the development of affordable rental housing for extremely low -, very low -, low -, and moderate - income households, including young adults, single adults, and larger families. Currently, the Agency has been assiduously working with various partners, including the San Leandro Redevelopment Agency 2010 -2014 Implementation Plan Page 26