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First Phase: Background Analysis <br />Deliverables <br />Time Frame <br />Task 1.8: Affordable Housing and Anti -Displacement Strategy. Taking into account the findings of Task 1.3 <br />Affordable Housing <br />January 2016 <br />(PDA Profile), Task 1.6 (Market Demand Analysis), and the updated Housing Element, SE will develop a <br />and Anti - <br />strategy to provide existing and future planning area residents with a range of housing options that are <br />Displacement <br />affordable to households at all income levels. SE will compile a brief Affordable Housing and Anti- <br />Strategy Report <br />displacement Strategy report including the following: <br />• Overview of demographic and housing characteristics which directly impact demand for affordable <br />housing in/near the plan area. <br />• Summary of residential market conditions (for -sale and rental) compared against affordable sale <br />prices and rental rates for various income levels (very low, low and moderate income), with a table <br />showing the "affordability gap." <br />• Limited analysis of the potential for low-income population displacement near the plan area. <br />• Summary of existing programs, policies and regulations in the City that promote/ preserve affordable <br />housing and/or discourage displacement of existing residents. <br />• Brief inventory of housing opportunity sites, including a description of potential site development <br />issues (such as site assembly requirements, lot configuration, etc.). <br />• Quantification of current and future affordable/workforce housing needs, by household income <br />category and size, informed by the City's Regional Housing Needs Allocation and the City's Housing <br />Element, and identification of market segments that fit both the transit and nearby employment <br />opportunities, to profile household types which can best be served by the area. <br />• Assessment of the viability of affordable housing in the study area, summary of policy and funding <br />strategies to support the development of new and preservation of existing affordable housing, and <br />policies to avoid displacing existing nearby residents (including strategies not directly related to <br />housing preservation, such as economic development programs, engagement, development of <br />community centers and/or services, etc.), and identification of potential funding sources available to <br />preserve or add affordable housing. <br />RAIMI + ASSOCIATES: BAY FAIR BART TRANSIT VILLAGE TOD SPECIFIC PLAN MAY 18, 2015 1 PAGE A-6 <br />