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BACKGROUND The TVHOC is a 501(c)(3) non-profit housing resource center formed in 2005 through the active participation of the five Tri-Valley cities (Danville, Dublin, Livermore, Pleasanton, and San Ramon) and interested business/resident concerns. Since its inception, the TVHOC has coordinated homebuyer programs including homebuyer education counseling, down payment assistance programs, lease purchase programs, and inclusionary housing programs through its main office located at 141 North Livermore Avenue in downtown Livermore and community outreach forums held at various locations in the Tri-Valley cities. The TVHOC has an annual operating budget of approximately $290K with 2.1 FTE employees, including an Executive Director and an eight member Board of Directors. By consolidating the affordable housing service needs of the five jurisdictions into the TVHOC, each jurisdiction has realized administrative cost savings and more efficient services are being provided to each community. People looking for affordable housing in the Tri-Valley are able to go to a single location for housing-related information that encompasses the entire region. With the creation of this regional public/private clearinghouse, local jurisdictions are able to leverage their scarce housing resources enabling them to meet a larger percentage of the public's housing need. Working regionally, the TVHOC provides a one-stop shop reaching over 260,000 people in the Tri-Valley Area and assures that the full value of current programs available through private lenders, state and federal programs are realized. By working with local lending institutions, title companies, real estate associations and their affiliate organizations, the TVHOC provides information regarding private sector lender resources, funding sources, and homebuyer training, helping to match those in need with the programs and services that benefit them most. The TVHOC has recently expanded its services to include foreclosure and mortgage restructuring assistance, and the demand for these services has increased dramatically over the last several years. Funds provided by the jurisdictions would support the Centers efforts in reaching out to Tri-Valley residents in need of this service. The TVHOC has also provided free tax preparation services for low-income households for the past several years under the VITA program, facilitating the return of thousands of dollars to these households that have been used to establish down payment savings programs. A copy of the TVHOC 2011 Annual Report is included as Attachment 2. In 2011, the five cities provided a combined loan of $125,000 assist TVHOC with meeting its ongoing operating expenses. Loan repayment was based on the TVHOC providing direct services to each of the cities. For Pleasanton, TVHOC has provided direct assistance by qualifying potential buyers for City lower income ownership housing. This service is of significant benefit to the City in that all potential, buyers are determined to be qualified to meet City financial and program requirements. In addition, Pleasanton has provided the TVHOC with funding as part of the City's annual City Grant program. Page 2 of 5