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<br />D-10 | City of Pleasanton Existing Programs Review <br />Table D-1: Existing Housing Element Programs Review <br />Program <br /># Program Objectives Responsible <br />Party Evaluation Modify / Delete / <br />Continue <br />conversions to market <br />rate in the next 10 years). <br />14.2 <br />Structure future rent-restriction contract <br />agreements to allow the City the <br />opportunity to purchase or subsidize <br />assisted units at the conclusion of the <br />rent-restriction period. <br />- Housing Commission, City <br />Council <br />The City continues to <br />analyze rent-restriction <br />contract agreements as <br />they come in on a case- <br />by-case basis. All <br />affordable housing <br />agreements for high <br />density projects have <br />required affordable units <br />to be set aside in <br />perpetuity. <br />Modify: See Programs <br />10.2 and 14.1. <br />14.3 <br />Structure future rent-restriction contract <br />agreements for all new assisted projects <br />with limited or no time restrictions to <br />minimize the displacement of tenants. <br />- Housing Commission, City <br />Council <br />The City continues to <br />look at creative ways to <br />structure agreements and <br />maximize the term of <br />affordability. <br />Continue/ Merge: <br />Merge/see Programs 10.2 <br />and 14.1. <br />14.4 <br />Provide rehabilitation funds or other <br />incentives such as a density bonus where <br />appropriate for apartment complexes in <br />exchange for extended or perpetual <br />assisted-housing time periods. <br />- City Council <br />The City will continue to <br />monitor future <br />opportunities for <br />providing financial <br />assistance to existing <br />apartment complexes in <br />exchange for affordability <br />restrictions. <br /> Continue/ Merge: Merge <br />with Program 14.1 as <br />options to discuss with <br />rent restricted assisted <br />project owners. <br />14.5 <br />Issue bonds or provide other funding <br />where appropriate to reduce apartment <br />complex mortgage rates in exchange for <br />extended or perpetual assisted-housing <br />time periods. <br />- City Council, Finance <br />Department <br />The City continues to <br />issue bonds and provide <br />funding for appropriate <br />projects on a case by <br />case basis. No bonds <br />were issued during 2018- <br />2020. <br /> <br /> <br />Continue/ Merge: Merge <br />with Program 14.1 as <br />options to discuss with <br />rent restricted assisted <br />project owners. <br />