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A motion was made by Commissioner Gaidos, seconded by Commissioner Welsh, <br /> recommending changes to the Down Payment Assistance Program that include: increasing the <br /> maximum loan amount to $100,000 for eligible households earning no more than 120% AMI <br /> with a 6-month application process and priority being given to people who have been <br /> Pleasanton residents for at least five years and are people who are employed as teachers, <br /> firefighters, police, etc. or work with the City, County or nonprofit agencies. <br /> Chairperson Soby indicated he could not support the motion but supported the criteria that <br /> would give priority to Pleasanton residents and workers and would prefer that a point system be <br /> put in place. <br /> Commissioner Welsh stated that she has problems spending these funds for median income <br /> people and commented on the mandate of the Housing Commission. She felt using the funds in <br /> this manner could eat away at the LIHF. She asked that the motion be modified to assess that <br /> funding for the program would be reviewed annually. Mr. Dolan commented on this. <br /> The motion was amended as follows: <br /> A motion was made by Commissioner Gaidos, seconded by Commissioner Welsh, <br /> recommending changes to the Down Payment Assistance Program that include: increasing the <br /> maximum loan amount to $100,000 for eligible households earning no more than 120% AMI <br /> with a 6-month application process, priority being given to people who have been Pleasanton <br /> residents for at least five years and are employed as teachers, firefighters, police, etc. or work <br /> with the City, County or nonprofit agencies. Funding for the program should be reviewed on an <br /> annual basis. <br /> ROLL CALL VOTE: <br /> AYES: Commissioners Duggan, Gaidos, and Welsh. <br /> NOES: Commissioner Galvin and Chairperson Soby. <br /> ABSENT: Commissioner Kiziloglu <br /> ABSTAIN: None <br /> Page - 3 - <br />