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<br />Existing Programs Review City of Pleasanton | D-5 <br />Table D-1: Existing Housing Element Programs Review <br />Program <br /># Program Objectives Responsible <br />Party Evaluation Modify / Delete / <br />Continue <br />denying conversion of apartment units to <br />condominiums if the percentage of <br />multiple-family units available for rent, <br />city-wide, is below 50 percent. <br />8.2 <br />Review the City’s Condominium <br />Conversion Ordinance to identify desirable <br />changes, such as potentially requiring <br />more housing units affordable to low- and <br />very low-income households and longer <br />tenant noticing requirements, if market <br />conditions are resulting in the <br />displacement of lower-income tenants. <br />- City Council <br />The City continues to <br />monitor the number of <br />for-rent versus for- <br />ownership units in the <br />city. There were no <br />applications for <br />condominium <br />conversions and no <br />residential rental units <br />were converted to <br />ownership units in 2018- <br />2020. <br />Delete: Market conditions <br />are not resulting in <br />displacement of lower- <br />income tenants from <br />condominium <br />conversions. <br />Requirements noted in <br />Program 8.1 are sufficient. <br />Housing Affordability <br />9.1 <br />Seek State and Federal assistance for the <br />development of housing to meet the <br />housing needs of households with <br />extremely low, low, and very low incomes <br />as well as those with disabilities (including <br />developmental disabilities). Potential <br />sources may include the HUD Section 202 <br />and 811 programs (for senior housing and <br />housing for persons with disabilities), the <br />State HELP and CHFA programs, <br />State/Federal lower-income housing tax <br />credits, and bond financing. The timing of <br />application will depend upon the schedule <br />for specific projects proposed by individual <br />developers in as much as the City does <br />not currently own any land for <br />development of housing affordable to low- <br />and very low-income households and <br />those with disabilities. If the City is <br />successful in securing an open source of <br />funding for housing affordable to low- and <br />The objective of this <br />program is to secure <br />available funding <br />required to finance new <br />affordable housing <br />development. A timeline <br />would be developed on a <br />project by project basis <br />as affordable <br />development inquiries/ <br />applications are <br />submitted to the City. <br />Housing Division <br />The City's ability to <br />secure an open source of <br />funding for affordable <br />housing has been <br />hampered by the <br />significant reduction <br />and/or elimination in <br />recent years of many <br />programs (e.g., Sections <br />202, 811, and HELP). <br />The City continues to <br />review available options <br />on a project-specific <br />basis and has approved <br />financing programs <br />related to new affordable <br />housing projects. The <br />City worked with <br />Alameda County to <br />secure Measure A1 bond <br />funds: $4.6 million for <br />Continue/ Update: <br />Update funding sources <br />identified to reflect <br />relevant and available <br />funding programs.