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INTRODUCTION: GUIDING PRINCIPLES <br /> In September 2009, a multi jurisdictional subcommittee comprised of commission and staff <br /> representatives from the cities of Pleasanton and Livermore held two joint workshops to discuss <br /> issues of common interest related to the upcoming preparation by both cities of the respective 5 -Year <br /> Consolidated Plans. In addition to developing specific priorities, objectives, goals, and measures, the <br /> subcommittee developed an overarching set of guiding principles for the next Consolidated Plan. <br /> Specifically, the activities and programs supported under this Plan will: <br /> Be culturally accessible, appropriate and inclusive <br /> Encourage community engagement and involvement <br /> Promote energy and resource efficiency <br /> Encourage networking and information sharing across service providers <br /> Encourage process streamlining <br /> Consolidate service delivery <br /> PART I. PRIORITY HOUSING NEEDS <br /> Priority: Increase the availability of affordable rental housing for <br /> extremely low income (30 very low (50 and low <br /> income (80 households. <br /> Priority Analysis and Obstacles to Meeting Underserved Needs <br /> The need for affordable rental housing in Alameda County has increased dramatically in the past ten <br /> years. The need for truly affordable units targeted to low, very low, and extremely low income <br /> households far exceeds the supply of affordable rental housing in the Alameda County HOME <br /> Consortium. The Alameda County HOME Consortium Housing Needs Analysis indicates that the <br /> majority of low income rental households (earning 80 percent or less of the Area Median Income, or <br /> AMI) spend more than 30% of their incomes on housing costs. <br /> Affordable housing is in short supply throughout the county. Very high cost housing markets reduce <br /> the supply of affordable housing even further. During the past several years, the effect has been <br /> exacerbated by increased competition in the rental market due from former homeowners who have <br /> been displaced due to foreclosure. As rents increase, subsidies in rental assistance programs also <br /> increase, which results in a reduction in the number of persons that can be served in these programs. <br /> In the late 1990's, rents increased significantly while vacancy rates decreased. These trends peaked <br /> in 2000 -01 and again in 2008. The resulting competition resulted in an extremely tight rental market, <br /> Strategic Plan FY2010 FY2014 <br /> City of Pleasanton <br /> Page 2 <br />