RES 231414 - Laserfiche WebLink

37 | City of Pleasanton 2023-2031 Housing Element amended fees based on comprehensive Nexus Study update, including fees on a per square foot basis (March 2026) • Funding Source: Planning Division Budget, Housing Division Budget Program 2.4 Continue to make available funding from sources such as the City’s Lower Income Housing Fund, and the City’s Federal HOME and CDBG funds to assist local non-profit agencies and housing developers. The City will also provide technical support to agencies to seek other sources of funding and to plan and develop affordable and special needs housing. • Responsible Agency: Housing Division • Time Period: Ongoing; seek funding biannually (first quarter 2024, 2026, 2028, and 2030) • Funding Source: Lower Income Housing Fund, HOME funds • Quantified Objective: Assist in the development of 100 low-income units over the planning period • Geographic Targeting: Achieve low-income housing units in Racial or Ethnically Concentrated Areas of Affluence (RCAAs) and areas of relatively higher income (i.e., see Appendix F, Figure F-9: Median Household Income) Program 2.5 Continue to offer waivers or reductions of City fees for affordable housing units, including the following: 1. Exempt all housing units affordable to very low- and low-income households and Accessory Dwelling Units from payment of the Lower-Income Housing Fee. 2. Allow for the approval of fee waivers and/or reductions for inclusionary units and the housing developments of which they are a part, for projects that meet the requirements of the Inclusionary Zoning Ordinance in terms of the proportion of proposed affordable units to be provided. When considering such discretionary fee waivers or reductions, greater consideration will be given to their approval when a housing development’s proposed proportion of lower-income units exceeds the minimum required by the Inclusionary Zoning Ordinance (i.e., not all market rate units in projects that comply with minimum inclusionary requirements will necessarily receive fee waivers or reductions). • Responsible Agency: Planning Division • Time Period: Ongoing as projects applications are processed • Funding Source: Lower Income Housing Fund, developer funds