35 - Laserfiche WebLink

represent the lesser of the tenant's actual monthly rent or the applicable Maximum Affordability Rent for households at 80% AMI, adjusted for unit size (i.e. number of bedrooms). Applicants residing in 3-bedroom units will only receive the maximum $2,500 assistance, not the affordable rent below. 2020 Housing Affordability Maximum Rent Unit Size* Studio 1 2 3 Bedroom Bedroom Bedroom Maximum Affordable Rent 80% AMI $1,828 $2,089 $2,350 $2,820 *Rent calculations are based on the following household size assumptions: Studio= 1 person; 1 BR=2 persons; 2 BR=3 persons; and 3 BR=5 persons. Rental assistance would be dispersed by the City directly to the landlord, as mentioned earlier. If the tenant's rental rate exceeds the maximum rent levels, as listed above, the tenant would be required to remit the difference to the Landlord prior to the City dispersing the funds. Program Goal Staff is estimating to assist up to 200 households with rental assistance payments. While staff is unable to estimate the demand for ERAP, staff is anticipating demand to be high and the program could be overprescribed. According to the U.S. Census Bureau American Community Survey 2018 5-Year Estimates, 22.66% (6,457) of the 28,498 Pleasanton households have household incomes less than $75,000. These are the households that are anticipated to meet the income criteria (80%AMI) and be eligible for rental assistance. In anticipation of the high volume of applications, the program will terminate when all of the funding has been committed. However, should the program be under-prescribed, the program would be available for sixty days after the countywide Shelter In Place order is lifted. Funding Process Eligible applicants will be funded on a first come, first serve basis. Program Administration City staff plan to consult with several non-profit organizations that work with similar programs prior to selecting an agency with the appropriate experience and capacity to implement and administer ERAP. ECHO Housing is currently administrating the City of Livermore's Emergency Rental Assistance Program. Bay Area Community Services (BACS) currently administers the rental assistance programs for the cities of Emeryville, Hayward, and Oakland. CityServe of the Tri-Valley is another option as their crisis intervention services for the Tri-Valley cities of Dublin, Livermore, and Pleasanton, includes providing emergency rental assistance to prevent evictions. Page 4 of 5