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Stn Cycle Goal, Policy, Program Disposition in 6th Cycle 6th Cycle Goal, Policy Program Text Housing Element • Provide rental assistance to qualifying lower- income households. [Program 18.4] • Rehabilitate existing housing. [Program 18.4] • Support development of affordable housing, through issuance of tax-exempt bonds, posting of loan collateral, payment of pre-development costs. • [Program 18.4] • To otherwise provide direct financial and technical support to help produce housing units affordable to lower-income households. [Program 18.4] Program 18.1: Review and modify the Program 2.3, modified and Program 2.3 lower-income-housing fee annually in conformance updated Regularly review the Lower Income Housing Fee for with AB 1600, and consider changing the basis of the market rate residential development, including fee to reflect the true cost of providing housing. consideration of adjustments to the fee within the amounts supportable by the existing Nexus Study to ensure the fee reflects the cost to mitigate demand for new affordable housing created by new development, and while ensuring that fee levels remain such that they do not present an undue constraint to housing production. As part of the review of existing fees, consider changing the basis of the residential fee to be structured on a per square foot basis, so as to incentivize the production of smaller units. (Program 18.1, modified) 2023-2031 Housing Element City of Pleasanton)32