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Explain how federal funds will leverage those additional resources (private, state and local funds), including a description of how matching requirements will be satisfied To maximize leveraging of its own funds and increase the funds available for housing and community development activities,the City of Pleasanton plans to undertake the following activities: • Support applications by organizations or agencies for other public and private sources of financing to leverage City funds. • Include leveraging as a goal to the maximum extent possible in the City's HHSG funding application review process. • Support the acquisition and rehabilitation of existing and new construction of units by nonprofit housing developers. • Promote private sector rehabilitation through the City's Housing Rehabilitation Program in collaboration with Habitat for Humanity. • Continue to provide support to affordable housing developers and non-profit service providers in obtaining other sources of financing. • Promote joint development with other governmental/quasi-governmental agencies to implement housing community development programs and combine multiple sources of financing. Matching requirements must be satisfied in the following federal entitlement housing programs:the HOME Program and the Emergency Solutions Grant Program. A variety of non-federal sources may be used for the HOME match requirements,which requires that$0.25 be "permanently contributed"to the HOME Program or to HOME-assisted projects for every HOME dollar spent. This requirement applies to the program as a whole, not to individual projects. The liability for matching funds occurs when the HOME Consortium actually draws down HOME funds from HUD. Sources of HOME match include cash or cash equivalents from a non-federal source,value of waived taxes or fees,value of donated land or real property, a portion of housing bond proceeds,and the cost of infrastructure improvements,among others. As a member jurisdiction,the City must comply with the HOME match requirements that have been established by the County. The County will evaluate match requirements for HOME and determine potential match sources. Some match sources may come from local affordable housing trust funds, housing bond proceeds,the value of waived local fees or permits,foregone property tax revenue, local road funds, private donations, services funded by service providers,the State, County,or foundations, other local agency funds, and publicly owned land. The City does not receive a direct allocation of Emergency Solutions Grant Program (ESG)funds. DRAFT Annual Action Plan 19 2023 OMB Control No:2506-0117(exp.09/30/2021)