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4_Exhibit B
City of Pleasanton
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BOARDS AND COMMISSIONS
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2020 - PRESENT
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2023
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01-11
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4_Exhibit B
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1/5/2023 4:11:46 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
1/11/2023
DESTRUCT DATE
15Y
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\BOARDS AND COMMISSIONS\PLANNING\AGENDA PACKETS\2020 - PRESENT\2023\01-11
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<br />D-26 | City of Pleasanton Existing Programs Review <br />Table D-1: Existing Housing Element Programs Review <br />Program <br /># Program Objectives Responsible <br />Party Evaluation Modify / Delete / <br />Continue <br />the appropriate steps to address the <br />identified needs. <br />47.2 <br />Survey older multi-family residential <br />complexes and consider utilizing the City’s <br />Lower-Income Housing Fund, Federal <br />funds, and/or other funds to provide low- <br />interest loans to retrofit existing residential <br />units for the purpose of developing three <br />bedroom rental units affordable to large <br />low- and very low-income households. <br />- Housing Division See Program 12.2. <br />Modify/ Merge: Merge <br />with Program 12.2. <br />47.3 <br />The City will coordinate a workshop with <br />non-profit housing developers and owners <br />of sites rezoned to accommodate housing <br />affordable to low- and very low-income <br />households for the purpose of facilitating <br />discussion regarding potential <br />opportunities, programs, financial support, <br />etc. The City will utilize its Lower-Income <br />Housing Fund, Federal funds, and/or other <br />funds/financial support to assist with the <br />acquisition of a site or to assist with <br />development of a project with three <br />bedroom units affordable to large low- and <br />very low-income households by a non- <br />profit housing developer. The City will <br />work cooperatively with developers to <br />identify any funding gap in project <br />financing and will make contributions from <br />its Lower Income Housing Fund to help <br />close this gap. A minimum of $1 million <br />will be made available for this purpose. <br />- Housing Division, City <br />Council <br />The City continued <br />working with developers <br />to identify funding gaps in <br />project financing. The <br />City provided <br />contributions from its <br />Lower Income Housing <br />Fund for Kottinger <br />Gardens and the <br />Sunflower Hill project, but <br />neither contain three- <br />bedroom units, since one <br />project was an <br />exclusively senior <br />housing project, and the <br />other for developmentally <br />disabled adults; neither of <br />these groups required 3- <br />bedroom units However, <br />all of projects constructed <br />in the 4th and 5th Cycle <br />Housing Element <br />Planning Period, for <br />which inclusionary units <br />were required, provided a <br />minimum of 10% of those <br />units as 3-bedroom units. <br />Modify: Revise program <br />for outreach and <br />coordination with property <br />owners and developers. <br />Remove funding <br />commitment as this <br />Settlement Agreement <br />obligation has been <br />satisfied.
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