RES 231406 - Laserfiche WebLink

41 | City of Pleasanton 2023-2031 Housing Element 2. Inform owners of rental units of the requirement to accept Section 8 Housing Choice certificates/vouchers and/or Project Based Section 8 Housing Choice Vouchers in their developments. 3. Apply the provisions of the City’s Condominium Conversion Ordinance, and Government Code, §65863.7 (as to mobile homes) to minimize displacement of renters and protect special needs households. For condominium conversions this includes requirements to maintain rental units for households with special needs including those with developmental disabilities, such as lifetime leases with rental caps for persons with disabilities, to the extent permitted by state law; and denying conversion of apartment units to condominiums if the percentage of multi-family units available for rent, city wide, is below 50 percent. 4. Study the development of an enhanced local rental assistance program for the workforce that would help to off-set the costs of market-rate rents for qualifying very- low, low- and moderate-income households, when payment of those rents would result in overpayment or severe overpayment as defined in Appendix A. The City will implement the program unless it is determined it would be financially infeasible, or would negatively affect the City’s ability to fund other housing and human services programs that benefit these same income groups.  Responsible Agency: Housing Division, Planning Division  Time Period: Produce new outreach materials January 2025; apply Condominium Conversion Ordinance (ongoing as applications are received); study development of an enhanced rental assistance program January 2027with acceptance of study recommendations by September 2026 with implementation to follow based on studyaction timelines identified in the study  Funding Source: Housing Division Budget, Lower-Income Housing Fund.  Quantified Objective: Although Housing Choice Vouchers are portable and administered by Alameda County Housing Authority, the City’s objective is to continue to have at least 295 Housing Choice Voucher program participants reside in Pleasanton  Geographic Targeting: Low-income housing developments and households in Pleasanton Program 2.9 Seek County, State, and Federal assistance for the development of housing to meet the housing needs of households with extremely low, low, and very low incomes as well as those with disabilities (including developmental disabilities). Potential sources may include State/Federal lower-income housing tax credits, grant funding (e.g., Affordable Housing and Sustainable Communities Program, etc.) and bond financing. The timing of application will depend upon the schedule for specific projects proposed by individual developers in as much as the City does not currently own any land for development of housing affordable to low- and very low-income