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Summary and Disposition of 5th Cycle Housing Element Goals, Policies and Programs <br /> Policy 18: Use the lower-income-housing fee to Policy 2.1, Policy 2.1 <br /> generate funds for the provision of housing expanded/consolidated Use the Lower Income Housing Fee (LINE) to support the <br /> affordable to extremely low-, low- and very low- with other policies and production of and access to housing affordable to <br /> income households. The low-income housing fund programs with respect to extremely low-, very low- and low-income households, with <br /> should be used primarily to leverage State and use of LIHF the objective of using the Lower Income Housing Fund in a <br /> Federal funds in the development of housing manner consistent with the City ordinance, and to support <br /> affordable to low- and very low-income households affordable housing, particularly developments proposed by <br /> and in-house loan programs, so that the fund may be non-profit developers that include a high proportion of <br /> used most efficiently and maintained over time. affordable units, suitable to accommodate a variety of <br /> When considering allocation of these funds, priority different household types and sizes, including units with <br /> will be given to non-profit housing developers with a more than two bedrooms and suitable for large families. <br /> project including three bedroom units affordable to Use of the LIHF may include but is not limited to the <br /> large extremely low, low- and very low-income following uses of funds: [Policy 18, Policy 24, Programs <br /> households. 18.3, 18.4] <br /> • To supplement and leverage State and Federal <br /> funds (i.e., provide "seed money") in the <br /> development of housing affordable to very low-and <br /> low-income households and in-house loan <br /> programs, so that the fund may be used most <br /> efficiently and maintained over time. [Policy 24] <br /> • Advance homeownership opportunities, for <br /> example, through First Time Homebuyer <br /> Assistance Programs that write down mortgage <br /> costs. [Program 18.4] <br /> • Purchase of land for affordable housing, and to <br /> support construction of housing on City-owned <br /> land. [Program 18.3] <br /> • Extend affordable rent restriction agreements and <br /> avoid loss of at-risk units. [Program 18.4] <br /> 311 City of Pleasanton 2023-2031 Housing Element <br />