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i_ 4305 HACIENDA DRIVE.SUITE 330 VtEASANTON LA 94588 HACIENDAE tnfoP'hacienda.otg P:925 734 650{i F 925 734 6501 WWW.HACIENDA.ORG April 26, 2022 Honorable Mayor Karla Brown Pleasanton City Councilmembers City of Pleasanton Post Office Box 520 Pleasanton,California 94566 Re: CSCDA Workforce Housing Program Support Dear Honorable Mayor Karla Brown and Pleasanton City Councilmembers: Hacienda sends this letter in support of the City of Pleasanton joining California Statewide Communities Development Authority's(CSCDA) Joint Powers Authority(JPA)with the objective of eventual participation in the CSCDA Workforce Housing Program. Hacienda has had a long history of supporting positive workforce housing initiatives in Pleasanton that address the needs of our owners and investors,the residents and employees who make Hacienda their home,and the entire community. As discussions take place on this program,we urge you to consider taking advantage of this opportunity. While the 2021 version of the CSCDA Workforce Housing Program was outstanding,the new mechanics of this program, where there is zero loss of city property tax funds while giving long term rental savings to Pleasanton residents,makes this a winning proposition with value for all involved.Adding in the significant long term economic benefit to the city makes this a highly attractive proposition. The financial returns alone are worthwhile enough to implement this plan. However, Pleasanton will also have other opportunities to contour the program to meet specific needs,should it so desire,such as to provide priority placement to teachers,veterans,public safety and craftsmen that the community relies on for critical services. The benefit of utilizing the CSCDA JPA ensures that there will be professional management of the project without any liability to the city.The CSCDA model for the Workforce Housing Program has been developed through the League of California Cities and the California State Association of Counties.These organizations have a long history of advocating for local government and are trusted partners in this process. By joining the CSCDA JPA at this time,Pleasanton will be ready to quickly take advantage of opportunities to move candidate projects into the program as they arise. As all contemplated transactions will come back to the City Council prior to final approval,the city will retain its discretionary authority;meaning it can elect to join the JPA now without risk. Thank you for your consideration of this request. We are excited at the prospect of seeing the CSCDA Workforce Housing Program in Pleasanton and hope that you will join the CSCDA JPA at the earliest opportunity. Sincerely, aures P. -.n General Manager,HBPOA cc: Brian Dolan Ellen Clark 'a ic .1 k Lm _CSCDA WwHora Hawing Pr.Xnm 4gµ41O4 1 1, h:SUS\LAV