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TABLE C Program Description Housing Programs Progress Report- Government Code Section 65583. (By Housing Element Program Names) Describe progress of all programs including local efforts to remove governmental constraints to the maintenance, improvement, and development of housing as identified in the housing element. Time Frame Name of Program Objective in H.E. Status of Program Implementation Policy 14: Preserve for the Program 14.1:Preserve for the longest term feasible, longest term feasible, Ongoing and when Since 2001,all regulatory agreements have included a provision that the rent restricted assistedprojects affordable to extremelyrestricted units affordable to units become at terms shall apply in perpetuity(or for 99years if restricted due to financing PPY P P Y extremely low-,low-and low-,low-and very-low-income households,and provide risk of converting requirements). The City continues to implement this policy on all new assistance to retain below-market rate rent restrictions. very-low-income households to market rate. projects. which are at risk of changing to market-rate housing. Program 14.2:Structure future rent restriction contract Ongoing and when The City continues to analyze rent-restriction contract agreements as they agreements to allow the City the opportunity to purchase units become at come in on a case-by-case basis. In 2017,no rent-restriction agreements or subsidize assisted units at the conclusion of the rent- risk of converting were executed. restriction period. to market rate. Program 14.3:Structure future rent restriction contract When new The City continues to look at creative ways to structure agreements and agreements for all new assisted projects with limited or assisted projects maximize the term of affordability.Affordable units approved in 2017 were no time restrictions to minimize the displacement of are approved. all structured to be affordable in perpetuity. tenants. Program 14.4:Provide rehabilitation funds or other The City continues to attempt to provide apartment rehabilitation loans to incentives such as a density bonus where appropriate Ongoing; the greatest extent feasible;however,no apartment projects sought City for apartment complexes in exchange for extended or dependent on funding for rehabilitation projects in 2017. The City will continue to monitor perpetual assisted housing time periods. specific proposals future opportunities for providing financial assistance to existing apartment complexes in exchange for affordability restrictions. Program 14.5: Issue bonds or provide other funding Ongoing; where appropriate to reduce apartment complex The City continues to issue bonds and provide funding for appropriate mortgage rates in exchange for extended or perpetual dependent on projects on a case by case basis. No bonds were issued in 2017. assisted-housing time periods. specific proposals Program 15.1:Identify a funding mechanism for Policy 15: Make appropriate Research currently The City continues to make infrastructure improvements on an as-needed infrastructure improvements contained in the General modifications to the Land available funding basis.Other improvements include the City's new Recycled Water Project. Plan to accommodate projected housing growth. Use Element of the General mechanisms Improvements to sewer capacity have been funded through the CIP under Plan,Zoning Ordinance,and annually existing replacement and expansion funds. Table C: 2017 Annual Housins Element Pros ress Resort 7