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ATTACHMENT 1 <br /> CSCDA <br /> CAJFORNIA STATEWIDE COMM J, <br /> (/� DEVELOPMENT AUTHOR!' <br /> ...-..[(SAT ..-. -rc u <br /> March 15,2022 <br /> Ellen M. Clark <br /> Community Development Director <br /> City of Pleasanton <br /> 200 Old Bernal Avenue <br /> Pleasanton,CA 94566 <br /> TRANSMITTED ELECTRONICALLY <br /> RE: CSCDA Workforce Housing Program <br /> Dear Ms. Clark: <br /> It was a pleasure speaking with you and we appreciate the City of Pleasanton's interest in CSCDA's <br /> Workforce Housing Program. CSCDA, comprised of 530 cities and counties, is the largest joint powers <br /> authority in California, created in 1988 by the League of California Cities and the California State <br /> Association of Counties to provide California's local governments with an effective tool for the timely <br /> financing of community-based public benefit projects. CSCDA is a longtime partner to the City of <br /> Pleasanton,which has been a member since 1995. <br /> CSCDA launched its Workforce Housing Program in late 2020 as a tool for cities to easily and quickly <br /> create rent-restricted middle-income housing by converting existing market-rate multifamily projects. <br /> Since December 2020,CSCDA has closed more than$4.7 billion in projects across California totaling over <br /> 7,700 units. Teachers, government employees, first responders, construction workers, healthcare workers <br /> and others have been able to move into the properties and are benefiting from the rent reductions. <br /> In order to participate, the City Council will adopt a resolution to become an additional member of the <br /> CSCDA Community Improvement Authority, the affiliate joint powers authority that operates CSCDA's <br /> workforce housing program. There are no costs,liabilities or administrative responsibilities associated with <br /> participation in the program. Once potential project opportunities are identified within the City, CSCDA <br /> will return to City Council for further consideration of the projects. <br /> By separate copy,we have provided a draft staff report,resolution and a copy of the joint powers authority <br /> agreement. Thank you for your consideration and please let us know if you have any questions or would <br /> like to discuss further prior to the council meeting on April 19th. <br /> Sincerely, <br /> Jon Penkower <br /> Managing Director <br /> 1700 North Broadway. Suite 405 • Walnut Creek. California 94596 <br /> Phone (800) 531-7476 • Fax(925) 391-3590 • www.cscda.org <br />