RES 80279 - Laserfiche WebLink

CITY COUNCIL OF THE CITY OF PLEASANTON ALAMEDA COUNTY, CALIFORNIA RESOLUTION NO. 80-279 RESOLUTION ESTABLISHING MINIMUM PERCENTAGE OF LOWER-INCOME UNITS FOR RAP ELIGIBILITY WHEREAS, Section 2-20.05 of the Residential Allocation Program Ordinance of the City of Pleasanton authorizes the exemption from its project selection requirements for projects designated as lower-income housing; and WHEREAS, Council requested the City Attorney to investigate the problem of the minimum percentage of lower-income units needed to qualify a mixed project for the RAP exemption; WHEREAS, Council received staff and public input relative to the minimum number of units a mixed project must contain in order to be eligible for the RAP lower-income housing exemption; and WHEREAS, Council wishes to establish a policy for qualifying mixed projects in order to assist project sponsors in planning and developing such housing. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON RESOLVES AS FOLLOWS: Section 1: In no case should the exemption be granted to any mixed project with less than 0% lowersincome units. Section 2: Subsidized projects utilizing the RAP lower-income housing exemption shall have at least 50% lower-income housing units unless the project sponsor can show that the available subsidies are only available for lower- income projects having a smaller percentage of lower- income units and that the project contains the largest proportion of lower-income units attainable. Section 3: Non-subsidized projects utilizing the RAP lower-income exemption shall have at least 50% lower-income units unless the project sponsor can show that the project as a whole is economically unviable with 50% of its units available to lower-income households and that the smaller percentage (but still above the 20% floor) is the maximum proportion of lower-income units economically attainable. Section 4: This resolution shall become effective immediately upon its passage and adoption.