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5th Cycle Goal, Policy, Program Disposition in 6th Cycle 6th Cycle Goal, Policy Program Text Housing Element Program 14.1: Preserve for the longest term Also addressed by Policy Program 3.3 feasible, rent restricted assisted projects affordable 3.3, and Program 3.3. Although no existing restricted units are currently at risk for to extremely low-, low- and very low-income conversion to market rate, the City will monitor rent households, and provide assistance to retain below restricted assisted projects to assess the most effective market rate rent restrictions. methods of future assistance to retain rent restrictions as needed. Methods to evaluate include the City providing rehabilitation funds in addition to other incentives (e.g., density bonus, City-issued bonds or other funding to reduce apartment complex mortgage rates, etc.) in exchange for extended or perpetual affordability terms. Program 14.2: Structure future rent-restriction Also addressed by Policy See above. contract agreements to allow the City the opportunity 3.3, Program 3.3 to purchase or subsidize assisted units at the conclusion of the rent-restriction period. Program 14.4: Provide rehabilitation funds or other Deleted, redundant with N/A incentives such as a density bonus where other policies and program appropriate for apartment complexes in exchange for related to rehabilitation extended or perpetual assisted-housing time and required deed periods. restrictions for assisted units. 2023-2031 Housing Element City of Pleasanton) 18