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Page 5 <br /> - The market rate portion of the development will be exempt from paying the LIHF. <br /> - Rents in the market rate portion of the development would have no restrictions. <br /> - The LIHF would provide financial assistance to the nonprofit housing project lead as <br /> outlined in the current IZO,or additional assistance as recommended by the Housing <br /> Commission and approved by Council. <br /> - The City would expect and facilitate the nonprofit and for-profit developer(s)to cooperate <br /> in the creation of an attractive,mixed income neighborhood including shared amenities for <br /> workforce families and singles consistent with the Housing Element Goals and Policies(See <br /> suggestions for HE modifications attached.) <br /> •Shift attention from Inclusionary units to maximizing affordable housing fee paymonts/revenue <br /> to purchase or construct unit affordability. <br /> • We should have a plan for determining fees(not entirely raised from new residential and <br /> commercial development),based on a housing plan that creates a jobs/housing balance at the <br /> limit of our wastewater export capacity.Based on historic RHNA Pleasanton should plan for <br /> approximately 25%Extremely Low and Very Low Income housing,20%Low Income <br /> housing,20%Moderate Income housing,(provided by market rate developme tt),and 35% <br /> Above Moderate Income housing at buildout.—Or whatever a nexus study determines <br /> Pleasanton's needs will be based on the LIHF Nexus Study. <br /> •Complete the Lower Income Housing Fee Nexus Study. <br /> • Please <br /> Thank you for reviewing these thoughts,ideas,and suggestions.We look forward to seeing you on April 9. <br /> Very sincerely, <br /> Becky Dennis <br /> Citizens for a Caring Community <br /> 1 Attachment—Housing Element Comments <br />