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6, Housina Impact Summary. Implementation of the Redevelopment Plan will result in the intensification and reassembly of eXiSting commercial uses, and the introduction of office uses. These changes in land use will result in the potential loss of approximately 348 existing residential units. Many of these homes represent existing non-conforming uses, while providing housing for low and moderate income households. Mitiqetion Measures. With regard to housing, mitigation measures have been required in, or incorporated into, the project which avoid or substantially lessen the significant environmental effects as identified in the EIR. These measures include: State law requires that 20 percent of the tax increment revenue generated by redevelopment in the project area shall be set aside for low and moderate income housing. These funds are available to benefit low and moderate income housing throughout the City. be For those housing units displaced, State law requires the Agency to pay fair market price for the units, and to pay relocation costs and differential costs of finding an equivalent unit and financing. c. All low and moderate income units removed will be replaced on a one-for-one basis, as required by State law. de Within the project area, 15 percent of the housing developed or rehabilitated by public or private entities will be for affordable housing. Not less than 40 percent of this 15 percent will be available to very low income persons or families. 7. Schools Impact Summary. Increased employment and housing generated by the proposed project may be expected to.add additional school-aged children to an already overcrowded school system. Mitigation Measures. With regard to school impacts, mitigation ~easures have been required in, or incorporated into, the project which avoid or substantially lessen the significant environmental effects as identified in the EIR. These measures include: The Agency may decide to use tax increment money required by law to benefit low and moderate income housing in an area of the City where the District is experiencing less overcrowding, if such an area exists. be The Agency may choose to improve existing housing or provide senior housing, both of which will not further impact the school system.