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2 <br />THE CITY OF <br />u u I' <br />0-01 <br />PLEASANTON. <br />CITY COUNCIL AGENDA REPORT <br />January 19, 2020 <br />City Manager <br />Housing Division <br />TITLE: ADOPT A RESOLUTION AUTHORIZING DOWN PAYMENT ASSISTANCE <br />PROGRAM PREFERENCES FOR PLEASANTON UNIFIED SCHOOL <br />DISTRICT, CITY OF PLEASANTON, LIVERMORE-PLEASANTON FIRE <br />DEPARTMENT AND ALAMEDA COUNTY EMPLOYEES, AND EMPLOYEES <br />OF NOT-FOR-PROFIT AGENCIES PROVIDING SOCIAL SERVICES TO <br />PLEASANTON RESIDENTS <br />SUMMARY <br />This report describes a proposal to authorize preferences for Pleasanton Unified School <br />District, City of Pleasanton, Livermore -Pleasanton Fire Department and Alameda <br />County employees, and employees of not-for-profit agencies providing social services to <br />Pleasanton residents applying for participation in the City's Down Payment Assistance <br />Program. The proposed program is based on but does not contain the exact <br />parameters recommended by the Housing Commission on August 22, 2019. <br />RECOMMENDATION <br />Adopt resolution authorizing Down Payment Assistance Program preferences for <br />Pleasanton Unified School District, City of Pleasanton, Livermore -Pleasanton Fire <br />Department and Alameda County employees, and employees of not-for-profit agencies <br />providing social services to Pleasanton, who are applying for a City -funded down <br />payment assistance loan as first-time homebuyers. <br />FINANCIAL STATEMENT <br />The authorization for Down Payment Assistance Program preferences will not have any <br />direct fiscal impact on the City. City Council previously approved up to $300,000 from <br />the Low -Income Housing Fund in the FY 2020/21 midterm budget to be used to fund <br />this program. <br />