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Chairperson Casey indicated he understood the need for the housing fee and appreciates that some of the funds have been earmarked for a big project. 8. Information Regarding New Regional Down Payment Assistance Program Administered by the Tri-Valley Housing Opportunity Center Mr. Erickson reviewed with the Commission information regarding the new regional down payment assistance program. He advised that several years ago, the Cities of Dublin, Livermore, Pleasanton, San Ramon, and the Town of Danville collaborated Ito request capital funding through the Department of Housing and Urban Development(HUD) Economic Development Initiative Project to support programs to increase the homeownership rate for first time homebuyers in eastern Alameda and Contra Costa counties. In response to the request, HUD approved $150,000 to establish a regional down payment assistance program targeted to lower income households in the Tri-Valley. This new program, known as the Tri-Valley Down Payment Assistance Program (TVDPA), is being administered by the Tri-Valley Housing Opportunity Center(TVHOC)for the cities in the region. Mr. Erickson advised that TVHOC will provide low interest, $10,000 down payment loans to creditworthy low income first time homebuyers who have household incomes equal to or less than 80% of the Area Median Income (AMI). These funds can be used with the City's existing DPA program. Staff will provide the Commission with additional information when available. Chairperson Casey questioned whether there was any City order of preference for these funds. Commissioner Butler was advised that Mr. Bocian represents the City of Pleasanton on the board of the Tri-Valley Housing Opportunity Center. MATTERS INITIATED BY MEMBERS OF THE COMMISSION There were none. COMMITTEE REPORTS East Pleasanton Specific Plan Task Force Chairperson Casey discussed Round Table comments provided by Committee members. The Committee looked at three potential land use maps that included residential, traffic circulation, and other components. Comments were collected from members, and members were assigned homework tasks. Commissioner Probert asked about concerns of Pleasanton residents regarding housing and the airport. Chairperson Casey advised that the Committee had discussed what could and could not be done within the Airport Protection Area. Commissioner Butler noted that Mayor Thome had expressed concerns about the infrastructure costs for the area and how it would be financed. Chairperson Casey advised Commissioner Welsh that lakes in the area come under the jurisdiction of Zone 7 and are used as recharging stations. Page- 6-