RES 231370 - Laserfiche WebLink

Use the lower-income-housing fee to generate funds for the provision of housing affordable to extremely low-,low-and very low-income households.The low-income Program 18.1:Review and housing fund should be used primarily to modify the lower income leverage State and Federal funds in the housing fee annually in development of housing affordable to low- conformance with AB 1600, and very low-income households and in- Annually Refer to the status for Program 17.1. and consider changing the house loan programs,so that the fund may basis of the fee to reflect the be used most efficiently and maintained true cost of providing over time. When considering allocation of housing. these funds,priority will be given to non- profit housing developers with a project including three bedroom units affordable to large extremely low,low-and very low- income households. Use the lower-income-housing fee to generate funds for the provision of housing affordable to extremely low-,low-and very low-income households.The low-income housing fund should be used primarily to leverage State and Federal funds in the Program 18.2:Continue to development of housing affordable to low- The City has continued to exempt all affordable housing units from the low income exempt all housing units housing fee in 2022.As the City works on future projects,the expectation is that all units and very low-income households and in- affordable to low-and very house loan programs,so that the fund may Ongoing affordable to low-and very low-income households will be eligible for a waiver of the from low-income households from be used most efficiently and maintained payment of the Lower Income Housing Fee in conformance with the City's long-standing the low income housing fee. over time. When considering allocation of policy. these funds,priority will be given to non- profit housing developers with a project including three bedroom units affordable to large extremely low,low-and very low- income households.