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ADMINISTRATIVE REVIEW DRAFT Almost all of the rental units that were built during the 1990s were targeted to seniors and developmentally disabled adults. The need for affordable rentals for families remains significant in San Leandro and continues to be a very high priority in the updated Housing Element. Owner -Occupied Housing Production A sizeable amount of market rate for -sale housing has been added since 1989. Between 1989 and 2001, approximately 1,300 single family homes and 60 condominium or townhome units were built in San Leandro. About 700 of these units were added during the period covered by the last Housing Element (e.g., 1989-1998). The remaining 660 were built between 1999 and 2001. An economic recession in the early 1990s led to a sluggish real estate market in the City during the first half of the decade. Between 1989 and 1994, there were less than 75 owner -occupied homes built in the City. Almost two-thirds of the owner -occupied homes added between 1989 and 2001 were in two developments. Marina Vista, developed on the site of the former Marina High School in 1994 and 1995, contained 249 new single family detached homes. Heron Bay, developed between 1998 and 2000 on the site of a former explosives factory, contained about 630 single family detached and courtyard -style homes. These two projects significantly expanded the City's supply of "executive housing," achieving one of the major initiatives of the 1989 Element. They also signaled the recovery of the City's single family home real estate market. Smaller projects of 75 units or less were built throughout the City, most on former industrial, commercial, or nursery sites. These projects included Magnolia Lane (31 homes), Camelia Court (35 homes), Tulip Lane (20 homes), Amber Court (40 homes), Coppa Court (21 homes), and Thornton Place (24 homes) during the 1990s and the Ryland/Medallion project (62 homes) and Estudillo/Santa Rosa project (16 homes) during 2000. In addition, 354 homes are currently under construction in Cherrywood, an infill project at the north end of Alvarado Street. All of the for -sale housing built during the 1989-1998 period was sold at market rates. In some cases, these rates were affordable to moderate income buyers. For instance, prices at the Eden Townhomes (built in 1997) ranged from the mid to upper $100,000s. Some of the residents were first time homebuyers and qualified for mortgage assistance through local programs. The vast majority of the for - sale housing built in San Leandro during the 1990s, however, was affordable only to above moderate income households. Some of the for -sale housing built since 1999 has been within the City's redevelopment project areas, triggering a state -mandated inclusionary housing requirement (discussed below). This has resulted in the production of four homes reserved for very low income owners and 17 homes reserved for moderate income owners during the last 3 years. Another 27 homes reserved for moderate income owners are now under construction within redevelopment area projects. HOUSING ELEMENT 2-11 SAN LEANDRO GENERAL PLAN ,qo