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<br /> -- DRAFT -- <br />2025-2029 ConPlan & FY 2025-2026 Annual Action Plan <br />Page 27 of 90 <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />HOUSING MARKET ANALYSIS <br />MA-05 Overview <br />Housing Market Analysis Overview: <br /> <br />San Leandro, like much of the Bay Area, faces significant housing challenges characterized by rising costs, <br />limited supply, and increasing affordability concerns. While the City has historically provided more <br />affordable housing options compared to larger regional job centers such as Oakland and San Francisco, <br />this affordability gap is narrowing due to consistent price increases in both the rental and homeownership <br />markets. The City Council adopted the 2023-2031 Housing Element on December 5, 2022, with <br />certification from the California Department of HCD on February 2, 2023. The Housing Element Needs <br />Assessment, which utilized the 2015-2019 American Community Survey (ACS) 5-Year Estimates, identified <br />critical housing challenges and guided the City’s strategies to meet future housing needs. Similarly, the <br />2025-2029 ConPlan incorporated the most recent data available from 2016-2020 and 2018-2022 ACS 5- <br />Year Estimates to ensure accurate assessments of housing demand and affordability. <br /> <br />Community engagement played a vital role in shaping the 2025-2029 ConPlan. The City conducted a CDBG <br />2025-2029 ConPlan community and stakeholder survey, which garnered over 210 responses. <br /> <br />Of those who participated, more than <br />● (83%) agreed that San Leandro needs more affordable housing. <br /> <br />Survey participants identified the top three housing needs as: <br />● affordable rental housing (70%) <br />● rental assistance (40%) <br />● senior housing (43%) <br /> <br />Respondents indicated the issues that have limited housing options for low- and moderate-income <br />residents include: <br />● (75%) of respondents indicated they could not afford rent, in comparison <br />● (57%) stated they lacked sufficient funds for an apartment deposit <br />● (42%) stated low/poor credit history <br />● (34%) noted there were not enough homes available for larger households <br /> <br />Participants also highlighted the top three public services that should receive financial support from the <br />City: <br />● (40%) supported affordable housing <br />● (35%) selected services and shelters for homeless individuals <br />● (33%) chose affordable childcare