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• Allowing developers to acquire and refurbish foreclosed properties and resell them as income - restricted inclusionary units (in lieu of developing new units). • Modifying the way inclusionary requirements are calculated, rounding "up" rather than "down" for fractional assignments over 0.5. • Capturing "partial' units (0.1 through 0.4) in projects with seven or more units through in -lieu fees (for example, a 9 -unit project currently only has to provide one unit and pay no fee, even though 15 percent of nine units is 1.35 units.). • Eliminating in -lieu fee exemptions for two- and three -unit multi- family projects. • Adjusting the percentages of owner - occupied units targeted to low - versus moderate - income households based on market conditions. The City will ensure that any revisions to the Ordinance are made with input from developers, builders, realtors, and housing advocates in the San Leandro area, as well as the community at large. Policy 53.06 New Rental Housing - Strongly encourage the development of additional rental housing in the City, including both market rate units and affordable units. It should be recognized that many market rate rentals meet the affordability criteria for low- and moderate - income households. Expanded production could increase the supply of workforce housing and address the deficit in housing production for households earning between 60 and 120 percent of the area median income. Summary of Public Outreach Efforts A 15 -day public notice about the FY 09 -10 and FY 10 -11 Affordable Housing Trust Fund Report was available at City Hall, the Housing Services Division of the Community Development Department, the main library, and via the City's website. Public review and public comments were accepted by the Housing Specialist during this 15 -day period, from September 12 to October 3, 2011. Budget Authority The collection and uses of Affordable Housing Trust Fund funds are authorized under the Inclusionary Housing Ordinance and California Government Code Sections 66001 and 66006(a). ATTACHMENTS None PREPARED BY: Jean Hom, Housing Specialist II, Community Development Department