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ATTACHMENT 1 loan does not require payments for a term of 30 years. A newly restructured Housing Rehab loan could make the loan option more appealing to Pleasanton homeowners. 2. Modify Asset Limits Policies that would: direct City staff to evaluate omitting assets from income calculation and implementing asset limit caps. Modifying how assets are calculated as income could make the Program qualification easier. Furthermore, in order to ensure equitability in the Program, "asset cap" limits could be implemented. Renew AC requires eligible applicants to have no more than $150,000 in assets. 3. Extend Program Eligibility to Renters that would: direct City staff to design the Housing Rehab program to provide Pleasanton renters the opportunity to also benefit from the Program. The current Program is only targeted to "income-qualified homeowner- occupants". The City could consider adopting a policy similar to that of the City of Fremont that provides financial and technical assistance to renters who are disabled or elderly and income eligible. 4. Other Consideration that would: eliminate the requirement for applicants who are requesting Housing Rehab Program grant funds, to provide proof of current homeowner's insurance policy. Many low-income applicants can't afford homeowner's insurance; however, homeowner's insurance would still be required from loan applicants in order for the City to secure these loans. Commissioner Kiziloglu questioned whether funds could be used for ADU's and whether these units would be used as lower-income housing units for the City. She was also concerned that funds could be used in an improper way. Mr. Hernandez advised that they could be used to bring a property up-to-code and specific requirements that would need to be met. Mr. Dolan indicated that staff would need to check on whether the units could be included as lower-income housing for the City of Pleasanton. Commissioner Welsh commented on the contract between the City of Pleasanton and Habitat and questioned whether Habitat was working with Alameda County. She also asked about the possibility of the city's doing a similar program and piggy backing with the County's program. She was advised that Renew AC is not a Habitat program but Habitat is working with the County. Mr. Hernandez commented on aspects of the staff report, discussed delays in completing housing projects, and the fact that some homeowners are over-income. Commissioner Duggan commented on the current program problems and asset limitations and questioned whether the recommendation being made was to switch from Habitat to Renew AC. Mr. Dolan advised that there were some aspects of the Renew AC program that could be helpful to the City of Pleasanton if they were to switch to something similar or consider piggy backing onto the Renew AC program. Commissioner Duggan questioned whether Habitat would be able to make the switch and Ms. Gray advised that Habitat is the administrator of a number of programs and have been considering how changing to the program would work for the City of Pleasanton. She advised that use of the City of Pleasanton funds would need be prioritized before moving to the Alameda County funding. Commissioner Duggan asked Ms. Gray for details on why the 7 loans had been denied by Habitat and wondered if something could be changed for these. Ms. Gray indicated it could be beneficial to try and connect with the individuals that were denied and refer them to a Case Management individual for assistance. Commissioner Gaidos questioned staff on whether the City of Pleasanton has an issue with Page - 2 -