Laserfiche WebLink
3.32.020 <br />7. Develop plans, pay principal and in- <br />terest on bonds, loans, advances, or other <br />indebtedness, or pay financing or carrying <br />charges; <br />8. Maintain the community's supply of <br />mobile homes; and <br />9. Preserve the availability to lower <br />income households of affordable housing <br />units in housing developments that are as- <br />sisted or subsidized by public entities and <br />that are threatened with imminent conver- <br />sion to market rates. (Ord. 99-025 § 212.1, <br />1999) <br />3.32.020 Replacement housing. <br />The agency shall comply with the re- <br />quirements herein below whenever dwelling <br />units housing persons and families of low or <br />moderate income are destroyed or removed <br />from the low- and moderate -income housing <br />market as part of a redevelopment project <br />subject to a written agreement with the <br />agency or where financial assistance has <br />been provided by the agency. <br />The agency shall, within four years of the <br />destruction or removal, rehabilitate, develop, <br />or construct, or cause to be rehabilitated, <br />developed, or constructed, for rental or sale <br />to persons and families of low or moderate <br />income, an equal number of replacement <br />dwelling units that have an equal or greater <br />number of bedrooms as those destroyed or <br />removed units at affordable housing costs <br />within the agency's territorial jurisdiction. <br />When dwelling units are destroyed or <br />removed, seventy-five percent (75%) of the <br />replacement dwelling units shall replace <br />dwelling units available at affordable hous- <br />ing cost in the same income level of very <br />low-income households, lower-income <br />households, and persons and families of low <br />and moderate income, as the persons dis- <br />(San Leandro Redevelopment Agency Supp. No. 2, 12-05) 136 <br />placed from those destroyed or removed <br />units. <br />Replacement Housing Plan. Not less than <br />thirty (30) days prior to the execution of an <br />agreement for acquisition of real property, <br />or the execution of an agreement for the dis- <br />position and development of property, or the <br />execution of an owner participation agree- <br />ment, which agreement would lead to the <br />destruction or removal of dwelling units <br />from the low- and moderate -income housing <br />market, the agency shall adopt by resolution <br />a replacement housing plan. For a reasona- <br />ble time prior to adopting a replacement <br />housing plan, the agency shall make availa- <br />ble a draft of such plan for review and <br />comment by the project area committee, if <br />any, other public agencies, and the general <br />public. <br />The replacement housing plan shall in- <br />clude (1) the general location of replacement <br />housing to be provided, (2) an adequate <br />means of financing such housing, (3) a find- <br />ing that the replacement housing either does <br />not require the approval of the voters pursu- <br />ant to Article 34 of the California Constitu- <br />tion, or that such approval has been ob- <br />tained, (4) the number of dwelling units <br />housing persons and families of low or <br />moderate income to be provided, and (5) the <br />timetable for meeting relocation, rehabilita- <br />tion, and replacement housing objectives. A <br />dwelling unit whose replacement is required <br />but for which no replacement housing plan <br />has been prepared, shall not be destroyed or <br />removed from the low- and moderate - <br />income housing market until the agency has <br />adopted replacement housing plan. <br />Nothing in this section shall prevent the <br />agency from destroying or removing from <br />the low- and moderate -income housing mar- <br />ket a dwelling unit that the agency owns and <br />