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• Pleasanton has little undeveloped land available, so future housing development will be constrained by existing development or require demolishing existing structures, improvements, and uses. The shortage of available vacant land may constrain housing production due to the increased costs associated with redevelopment. Review of Existing Programs Many of the current Housing Element programs are ongoing City efforts or were ■ successfully completed. Most programs are recommended to be continued with some �■� being updated to reflect changes since the last Housing Element adoption or merged with other programs to reduce overlap. Recommended program modifications include integrating state law updates (e.g., no net loss (SB 166), Housing Crisis Act (SB 330), supportive housing, emergency shelters, etc.) and providing more specificity in terms of City actions. Programs that can be effectively addressed through other existing or modified programs are recommended to be deleted. Please see Appendix D for the program -by -program analysis. Housing Resources Assessment The City has various local resources available to support the continued development, preservation, and rehabilitation of housing in Pleasanton. Appendix G provides a detailed list of financial and administrative resources, as well as opportunities for energy conservation. Some key resources include: • Lower -Income Housing Fund (LIHF): The City's collects affordable housing fees from all residential and commercial office or industrial development projects unless exempt, and those fees are deposited into the LIHF. The LIHF must be used to implement the City's Housing Element. • Down Payment Assistance (DPA) Program: The DPA program offers $100,000 in down payment assistance for potential first-time homebuyers whose household income does not exceed 120% of AMI. • Housing Rehabilitation Program: This City program provides loans and grants to lower income homeowners for repair and rehabilitation projects ranging from $10,000 to $150,000. In addition to Pleasanton -specific resources, there are regional resources that can support the City's housing goals, including those offered through Alameda County and the Housing Authority of the County of Alameda (HACA). State and federal resources are also available. At -Risk Housing Analysis "At -risk" assisted housing units are multi -family rental housing units that receive government assistance and are eligible to convert to market -rate units due to termination of a rent subsidy contract, mortgage prepayment, or other expiring use restrictions in the next 10 years. There are no assisted housing units in Pleasanton that are at risk of conversion to market rate in the next 10 years. For more detail, please see Appendix A, Section A.5.4. Preliminary Report 16' Cycle Housing Element City of Pleasanton 13