RES 211199 - Laserfiche WebLink

RESOLUTION NO. 21-1199 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PLEASANTON AUTHORIZING DOWN PAYMENT ASSISTANCE PROGRAM PREFERENCES, AND CITY ASSISTED AFFORDABLE HOUSING RENTAL AND OWNERSHIP PREFERENCE SYSTEM AMENDMENTS, FOR FIRST RESPONDERS, SCHOOL DISTRICT EMPLOYEES, OTHER PUBLIC EMPLOYEES, AND EMPLOYEES OF SOCIAL SERVICE NOT-FOR-PROFIT AGENCIES WHEREAS, on October 20, 2020, the City Council approved modifications to the City's Down Payment Assistance Program (DPA) that provides low and deferred interest mortgages that supplement bank financing to assist low (80% of Area Median Income (AMI)) and moderate- income (up to 120% of AMI) persons and households in the purchase of a home in Pleasanton; and WHEREAS, the Housing Commission has recommended that the City Council also consider a DPA preference or priority for first responders, school district employees, other public employees, and employees of social service not-for-profit agencies when such persons primarily work in Pleasanton; and WHEREAS, on January 19, 2021, the City Council also considered modifications to the Preference System for City Assisted Affordable Rental and Homeownership Programs; and WHEREAS, providing preferences to persons who primarily work in Pleasanton increases opportunities for those same persons to live in Pleasanton, thereby reducing commutes and allowing such persons to become more familiar with the community in which they work; and WHEREAS, Housing Element program 18.4 promotes the "Use of the Lower-Income Housing Fund to ...write down mortgage costs" as provided by the DPA. NOW, THEREFORE BE IT RESOLVED THAT THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES RESOLVE, DECLARE, DETERMINE AND ORDER THE FOLLOWING: SECTION 1. Directs the City Manager's Office and the Housing Division to update the Down Payment Assistance Loan Program (DPA), and the Preference System for City Assisted Affordable Rental and Homeownership Programs, to provide a preference to the persons listed in Exhibit A and Exhibit B, respectfully, thereby superseding Resolution No. 02-012. SECTION 2. Finds that these preferences or priorities to these programs have no possibility to have a significant effect on the environment per Title 14 California Code of Regulations §15061(b)(3). SECTION 3. This resolution shall become effective immediately upon its passage and adoption. SECTION 4. City Clerk shall certify to the passage of this resolution and enter it into the book of original resolutions. PASSED, APPROVED AND ADOPTED by the City Council of the City of Pleasanton at a regular meeting held on January 19, 2021.