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General Plan Excerpts — Lower -Income Housing Fund ATTACHMENT 1 • Consideration of reduced development standards, such as reducing the number of parking spaces • (this consideration does not include reducing the number of required on-site parking spaces in the Downtown Specific Plan Area); and • Consideration of mortgage revenue bonds. Program 26.1: Actively assist owners of property zoned or designated High -Density - Residential in soliciting non-profit housing organizations for proposals to develop housing affordable to extremely low-, moderate-, low-, and very low-income households on available sites using lower -income -housing fees. The objective of this program is to assure that owners of HDR properties are informed of City affordable housing programs. The City will notify all property owners of HDR sites of available City housing programs within 6 months of Housing Element adoption. Policy 27: Housing developments with at least 25 percent of all units affordable to extremely low-, very low- and/or low-income households in perpetuity shall be considered to have the second highest priority in terms of City approval. Incentives shall include the following: • Priority for the Growth Management affordable -housing sub -allocation for the affordable -housing component; • Expedited permit processing, • Fee waivers; • Contributions from the lower-income housing fund; • Density bonuses; • Assistance in obtaining financing; • Assistance in obtaining Federal and State tax credits through use of City resources as seed money when significant numbers of housing units affordable to low- and very low-income households are provided; • Assistance in providing public improvements; and • Consideration of reduced development standards, such as reducing the number of required parking spaces; and • Mortgage revenue bonds. - Policy 35: Eliminate all substandard housing conditions within the community. Program 35.3: Supplement CDBG funds with the City's Lower -Income Housing Fund for rehabilitation of housing units affordable to extremely low-, low- and very low-income households. Policy 40: Reserve suitable sites for subsidized housing affordable to low- and very low-income households. Goal 17: Identify and make special provisions for the community's special -housing needs. Program 43.1: Continue to provide housing opportunities for households with special needs such as studio and one -bedroom apartments for the elderly and single -person households, three-bedroom apartments for large households, specially designed units for persons with disabilities, SROs, emergency shelter and 3