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Use the lower-income-housing fee to generate funds for the provision of housing affordable to extremely low-,low-and very low-income households.The low-income housing fund should be used primarily to leverage State and Federal funds in the Program 18.2:Continue to The City has continued to exempt all affordable housing units from the low income exempt all housing units development of housing affordable to low- housing fee in 2021.As the City works on future projects,the expectation is that all affordable to low-and very and very low-income households and in- Ongoing units affordable to low-and very low-income households will be eligible for a waiver of low-income households from house loan programs,so that the fund may the from payment of the Lower Income Housing Fee in conformance with the City's long- the low income housing fee. be used most efficiently and maintained standing policy. over time. When considering allocation of these funds,priority will be given to non- profit housing developers with a project including three bedroom units affordable to large extremely low,low-and very low- income households. Use the lower-income-housing fee to generate funds for the provision of housing affordable to extremely low-,low-and very low-income households.The low-income Phase 1 of Kottinger Gardens,which utilized Lower Income Housing Funds,was housing fund should be used primarily to completed and fully leased up in July 2017. Unused Lower Income Housing Funds Program 18.3:Use the leverage State and Federal funds in the from Phase 1 was transferred to Phase 2,which began construction in January 2018 Lower Income Housing development of housing affordable to low- and completed in September 2019. In addition the City Council approved an Fund to help build housing and very low-income households and in- As needed/Ongoing Affordable Housing Agreement that included the dedication of 1.64 acres of land to the affordable to low-and very house loan programs,so that the fund may City to be used in partnership with SAHA/Sunflower Hill on a future residential low-income households on be used most efficiently and maintained affordable housing development for individuals with developmental disabilities which City owned land. over time. When considering allocation of was completed in 2020.The City committed$2.25 million from the fund for the these funds,priority will be given to non- profit housing developers with a project Sunflower Hill project. including three bedroom units affordable to large extremely low,low-and very low- income households. Program 18.4:Use the Lower Income Housing Fund to extend rent restriction agreements, Use the lower-income-housing fee to purchase land,write down generate funds for the provision of housing mortgage costs,rehabilitate affordable to extremely low-,low-and very units,subsidize rents,issue low-income households.The low-income tax exempt bonds,post loan housing fund should be used primarily to collateral,pay pre- leverage State and Federal funds in the development costs,and In July 2017,construction of Phase 1 of Kottinger Gardens was completed,and in development of housing affordable to low- otherwise help produce Explore ways to use the September 2019 Phase 2 was completed which included funds from the Lower Income housing units affordable to and very low-income households and in- fund for the list of activities Housing Fund(LIHF),to assist in the redevelopment of Kottinger Place and Pleasanton lower income households. house loan programs,so that the fund may in the program annually and Gardens,two aging rental complexes that provide housing to extremely low-income be The objective of this is to used most efficiently and maintained as needed. elderly persons.The City also committed$2.25 million from the fund for the Sunflower over time. When considering allocation of Hillproject which was completed in 2020. utilize the Lower Income these funds,priority will be given to non- P Housing Fund in a manner consistent with City profit housing developers with a project ordinance and to support including three bedroom units affordable to affordable housing, large extremely low,low-and very low- particularly developments income households.Quantified Objective: proposed by non-profit 150 units developers that include units for large families at very low incomes. Use the lower-income-housing fee to Program 18.5:When generate funds for the provision of housing considering how to utilize affordable to extremely low-,low-and very the City's Lower-Income low-income households.The low-income Housing Fund,consider housing fund should be used primarily to whether a proposal with a leverage State and Federal funds in the non-profit housing development of housing affordable to low- Although this situation did not present itself in 2021,the City has worked with developer and a for-profit and very low-income households and in- Consider prioritization by SAHA/Sunflower Hill,both non-profits formed a partnership,on a housing project within housing developer house loan programs,so that the fund may January 2016. Irby Ranch and will continue to consider both non-profit vs.for-profit partnerships on a partnership should be a be used most efficiently and maintained case-by-case basis. higher priority project due to over time. When considering allocation of its ability to potentially these funds,priority will be given to non- secure better funding and profit housing developers with a project be developed. including three bedroom units affordable to large extremely low,low-and very low- income households.