CHAPTER TITLE - City of Downey

3. Quantified Objectives
3.1 – Affordable Housing
Objectives
California Housing Element Law requires jurisdictions to estimate the number of
affordable housing opportunities that will be created over the planning period. The
quantified objectives for the 2014-2021 Housing Element presents the anticipated and
potential affordable housing development for the planning period starting on January
1, 2014 and ending September 30, 2021.
It is important to note that while the goal of the quantified objective section is to show
how the City will meet its remaining RHNA allocation, and based on the premise that
the City intends to make every effort to achieve these goals, Downey cannot
guarantee that these needs will be met given limited financial and staff resources, and
the increasing gap in affordability of housing resources and incomes. Satisfaction of
the City’s regional housing needs will partially depend on the cooperation of private
funding sources and resources of the State, Federal and County programs that are
used to support the needs of the extremely low-, very low-, low-, and moderate-income
households. Additionally, outside economic forces heavily influence the housing
market. State law recognizes that a locality may not be able to accommodate its
regional fair share housing need.
Table 3-1 presents the City’s quantified objectives in three categories: construction of
new affordable units, substantial rehabilitation of substandard units and the
conservation of affordable housing. New construction of affordable units focuses on the
City’s ability to accommodate its combined remaining RHNA allocation of 1,201units
(see Table 6-4) on land identified in the sites inventory. It is important to note that this
subcategory assumes optimum conditions for the production of housing and does not
take into account how environmental, physical and market conditions influences the
timing, type and cost of housing production in a community.
In addition to new construction, the City anticipates that approximately 10 units will be
assisted annually through the Housing Rebate/Senior Grant Program, as outlined in
Section 2, Housing Plan. As indicated in Table 4-25 there are four ownership properties
at risk of transitioning to market rate prices that the City is monitoring. In total the City
anticipates that approximately182 units will constructed in the upcoming planning
2014- 2021 Housing Element
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