RES 231370 - Laserfiche WebLink

Program 14.3:Structure future rent-restriction Preserve for the longest term feasible, contract agreements for all restricted units affordable to extremely low-, When new assisted projects The City continues to look at creative ways to structure agreements and maximize the new assisted projects with low-and very-low-income households limited or no time restrictions which are at risk of changing to market-rate are approved. term of affordability. to minimize the displacement housing. of tenants. Program 14.4:Provide rehabilitation funds or other Preserve for the longest term feasible, The City continues to attempt to provide apartment rehabilitation loans to the greatest incentives such as a density restricted units affordable to extremely low-, extent feasible;however,no apartment projects sought City funding for rehabilitation bonus where appropriate for low-and very-low-income households Ongoing;dependent on projects in 2022. The City will continue to monitor future opportunities for providing apartment complexes in which are at risk of changing to market-rate specific proposals financial assistance to existing apartment complexes in exchange for affordability exchange for extended or housing. restrictions. perpetual assisted housing time periods. Program 14.5:Issue bonds or provide other funding Preserve for the longest term feasible, where appropriate to reduce restricted units affordable to extremely low-, apartment complex low-and low-income Ongoing;dependent on The City continues to issue bonds and provide funding for appropriate projects on a case mortgage rates in exchange veryhouseholds specific proposals by case basis.No bonds were issued in 2022. for extended or perpetual which are at risk of changing to market-rate assisted-housing time housing. periods. Make appropriate modifications to the Land Program 15.1:Identify a Use Element of the General Plan,Zoning Ordinance,and other City ordinances, funding mechanism for The City continues to make infrastructure improvements on an as-needed basis.Other programs,and policies to facilitate the Research currently available infrastructure improvements improvements include the City's new Recycled Water Project.Improvements to sewer contained in the General provision of housing,especially housing for funding mechanisms capacity have been funded through the CIP under existing replacement and expansion Plan to accommodate those with disabilities(including annually funds. projected housing growth. developmental disabilities),and housing affordable to moderate,low,and very low income households.