RES 231370 - Laserfiche WebLink

Program 40.2:Utilize tax- exempt bonds,and other financing mechanisms,to finance the construction of Reserve suitable sites for subsidized Ongoing;dependent on The City continues to look for new financing mechanisms to assist in the development of housing units affordable to housing affordable to low-and very-low- specific proposals and affordable units.In 2016,the City supported the passage of a new affordable housing extremely low-,low-and very income households. opportunities. bond(Measure A1)for Alameda County that awarded Pleasanton$12.3 million dollars in low-income households,to new funds for affordable housing in Pleasanton. purchase land for such a use,and to reduce mortgage rates. Program 40.3:If the City acquires or obtains control of a potential housing site,in order to facilitate the provision of affordable housing and a mixed-income environment,the City may As Appropriate i.e.,Based In 2019,the Ci acquired a new property and started construction on the parcel of land issue an RFP in conjunction Reserve suitable sites for subsidized ( City p p y or in partnership with non- housing affordable to low-and very-low- on Land Availability) within Irby Ranch with the intent of using the land to provide new affordable housing in profit or for-profit income households. Quantified Objective:150 partnership with SAHA/Sunflower Hill which was completed in 2020.The City will partnerships for units continue to stay committed to providing affordable housing in the future. development providing at least 20 percent of the units to very low-income households and 20 percent of the units to low-income households.