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As of March 2010, Pleasanton had 162 households with Section 8 vouchers including 53 families with children and 100 elderly and/or disabled households (HACA, March 2010). The majority of vouchers were used to rent one bedroom units, with an average monthly subsidy of slightly less than $500. For families, the average length of participation in the Section 8 program in Pleasanton is approximately four years. The length of participation for elderly and disabled households is longer due to the on -going need for the subsidy. Only 12 Pleasanton households were successful in being selected for FIACA's waiting list in the December 2001 application and lottery process. For the past several years, increasing numbers of Section 8 vouchers have been returned to housing authorities because participants cannot find landlords who are willing to rent to them. HACA has requested and received authorization to charge "exception rents," rent levels that are higher than the Fair Market Rents set by HUD. This allows participants to pay higher rates than currently set for the area by HUD. While this gives tenants the ability to rent units at market rates, it will create a greater cost burden for these participants. More detailed information regarding rental housing trends and housing affordability can be found in the City's General Plan Housing Element. This document can be viewed on the City's web site (www.ci.pleasanton.ca.us). Copies are also available at the Pleasanton Library (400 Old Bernal Avenue, Pleasanton) or at the City of Pleasanton Planning Department (200 Old Bernal Avenue, Pleasanton; tel. 925- 931 5600). Objectives The objectives presented in this section reflect the broad areas which will be pursued under this priority. Implementation will be contingent on current and projected need, availability of financial and other resources, and regular re- assessment of the proposed objectives and accomplishments. Five Year Objectives Five Year Goals Performance Measures Promote the production of affordable Identify existing rental properties At least 100 rental units will receive rental housing by supporting the that might benefit from rehabilitation, with a minimum of 30 acquisition, rehabilitation, and new rehabilitation. Enter into regulatory units (15 low and 15 very low construction of units by non profit agreements with owners to ensure income) available at below- market developers. A combination of funds long -term affordability (using CDBG rents in perpetuity for eligible will be used, including federal, state, and City Housing Funds). households. and local housing program funds. Encourage the inclusion of Support the efforts of private There will be 50 additional rental affordable rental housing by the developers seeking to develop units (30 low income and 20 very private sector in new housing affordable rental housing in low income) constructed that will be developments. Pleasanton (City financial assistance available in perpetuity for eligible and fee waivers; tax credits secured households. by project developers). Seek opportunities to acquire one or N/A (dependent upon the availability more vacant sites for new affordable of suitable land). rental housing development. Strategic Plan FY2010 FY2014 City of Pleasanton Page 7