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04
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2023
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030723
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3/1/2023 3:10:02 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
3/7/2023
DESTRUCT DATE
15Y
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Federal assistance for the <br /> development of housing to <br /> meet the housing needs of <br /> households with extremely <br /> low,low,and very low <br /> incomes as well as those <br /> with disabilities(including <br /> developmental disabilities). <br /> Potential sources may <br /> include the HUD Section 202 <br /> and 811 programs(for The City continues to seek state and federal assistance to the greatest extent feasible. <br /> senior housing and housing The City's ability to secure an open source of funding for affordable housing has been <br /> for persons with disabilities), hampered by the significant reduction and/or elimination in recent years of many of the <br /> the State HELP and CHFA traditional programs such as Sections 202,811,and HELP. The City continues to review <br /> programs, <br /> State/Federal Seek funding annually and available options on aproject-specific basis and has approved financing programs <br /> lower-income housiSupport the development of housing for when specific development p pp 9 p9ng tax persons with special needs. proposals are brought related to new affordable housing projects such as Kottinger Gardens Phase 2 and <br /> credits,and bond financing. forward. Sunflower Hill. For example,the City worked with Alameda County to secure Measure <br /> The timing of application will Al bond funds:$4.6 million for Kottinger Gardens Phase 2,which was completed and <br /> depend upon the schedule fully leased up in September 2019,and nearly$7.2 million for Sunflower Hill,which was <br /> for specific projects completed in 2020. The City continues to monitor the availability of new funding sources <br /> proposed by individual for affordable housing and will apply for funding as appropriate. <br /> developers in as much as <br /> the City does not currently <br /> own any land for <br /> development of housing <br /> affordable to low-and very <br /> low-income households and <br /> those with disabilities.If the <br /> City is successful in securing <br /> an open source of funding <br /> for housing affordable to low- <br />
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