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03
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2015
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050515
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03
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8/18/2015 12:17:26 PM
Creation date
4/29/2015 2:00:40 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
5/5/2015
DESTRUCT DATE
15Y
DOCUMENT NO
3
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Describe the reasons for allocation priorities and any obstacles to addressing underserved <br /> needs <br /> Allocation priorities are based on the Consolidated Plan. There are a number of barriers to providing <br /> affordable housing in Pleasanton, based on real estate market and non-market factors.Affordable <br /> housing projects are difficult to build due to the high cost of building materials.The cost and limited <br /> availability of land in Pleasanton contribute to high development costs.Affordable housing <br /> developments generally require multiple funding sources from public and private sources. HUD's cap of <br /> 15%of the allocation for public services is an obstacle for providing supportive services to homeless <br /> population,especially in smaller cities like Pleasanton which does not receive a significant allocation of <br /> CDBG funds. <br /> � 1 <br /> � l <br /> Consolidated Plan PLEASANTON 64 <br /> OMB Control No 2506-0117(exp.07/31/2015) <br />
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