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WORKING DRAFT FOR HCD REVIEW <br /> <br /> <br />EVALUATION OF 2010 ELEMENT 2-6 SAN LEANDRO HOUSING ELEMENT <br /> <br />Housing production during 2007-2014 was sharply below production during the 1999-2006 period, when <br />1,289 units were produced. The 1999-2006 period saw the construction of two subdivisions with over <br />300 units each (Cherrywood and Heron Bay). It is worth noting that despite the lower overall totals in <br />2007-2014, the City actually produced a larger number of very low and low income units during the <br />2007-2014 time period (123 units) than it did in 1999-2006, when only 112 very low and low income <br />units were built. <br /> <br />Chart 2-1 shows the breakdown of RHNA units and actual units produced by income category in 2007- <br />2014. <br /> <br />Chart 2-1: RHNA vs. Actual Production, 2007-2014 <br /> <br /> <br /> <br />One of the most significant changes to the City’s housing stock between 2007 and 2014 involved the <br />acquisition and conversion of an existing market-rate housing complex to affordable housing. A total of <br />840 units of affordable housing were created when Lakeside Apartments (formerly Lakeside Village) at <br />2140 Springlake Drive was purchased in 2011. The property was originally built in 1969-1971 and <br />contains 208 studios, 456 one-bedroom, and 176 two-bedroom apartments. The private owner/ developer <br />Standard Lakeside Properties used revenue bonds and low income housing tax credits to acquire and <br />rehabilitate the property. City financial assistance was not required, although the City provided technical <br />assistance and facilitated project permitting. <br /> <br />The Lakeside Apartments rehabilitation took approximately three years and was completed in stages. It <br />included upgrades not only to the units themselves, but also the clubhouse, the pool and other common <br />areas, the leasing office, landscaping, and the building exteriors. Rents are now maintained at levels that <br />are affordable to families whose income is below 50% to 60% of the areawide median income. Some of <br />the existing tenants qualified under these guidelines and were able to return to the complex after <br />renovation. Households that did not meet the income guidelines were provided with relocation assistance. <br />0 <br />100 <br />200 <br />300 <br />400 <br />500 <br />600 <br />700 <br />800 <br />Very Low Low Moderate Above <br />Moderate <br />RHNA <br />Actual <br />Source: City of San Leandro, 2008