Reso 2021-113 Adopt 2021 CAP and Addendum to 2035 General Plan

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Public °ewe,,, Hearing Draft In recent years, the fastest growing segment of the population has been the 45 to 64 cohort, which comprised 25 percent of the population in 2010 and 30 percent in 2019. A substantial increase in the senior population is anticipated as the "baby boomer" generation advances. The "millennial" generation is somewhat underrepresented in San Leandro, with persons aged 25 to 39 comprising 22 percent of the population, compared to 24 percent in Alameda County. Median household income has increased steadily since 2000, from $51,081 in 2000 to $62,609 in 2010 and $78,003 in 2019. The discrepancy in median income between San Leandro and Alameda County has widened in the past decade. In Alameda County, median income was $69,384 in 2010 and $99,406 in 2019. As of 2019, approximately 7 percent of San Leandro families were in poverty. The cost of housing can be particularly vexing for lower -income families, with 36 percent of families paying more than 30 percent of their income on housing. San Leandro is more affordable than other East Bay communities but has experienced dramatic swings in housing costs in the last 15 years. Between 2001 and 2010 median home value nearly doubled, from $330,000 to $509,400. While the rise of housing prices has slowed since then, between 2010 and 2019 median home value increased to $606,800. Likewise, the median rent for a one -bedroom apartment rose from $1,000/month in October 2011 to $2,100 in October 2015, then declined to approximately $1,351 in 2019. Roughly 55 percent of the dwellings in San Leandro are occupied by owners and about 44 percent are occupied by renters. San Leandro has a diverse economy, with a substantial number of jobs in manufacturing, wholesaling, retail, office, hospitality, health care, construction, and personal and professional service sectors. During the postwar area, the City invested in infrastructure to support significant industrial growth. Tax revenues from this strong industrial base enabled the City to maintain a relatively low fax rate and provide a high level of municipal services. The City has long recognized that its economic health was linked to a favorable balance between the number of jobs and housing units in the community. In 2017, there were about 0.53 jobs for each employed resident in the city, indicating that most San Leandro residents work in other cities. Looking to the future, the City strives to reduce "external' work trips and create a community where residents can find jobs within the City, and employees can find housing without long commutes. Page 8 San Leandro 2021 Climate Action Plan