RES 231414 - Laserfiche WebLink

2023-2031 Housing Element City of Pleasanton | 44 rehabilitation assistance through the Rental Housing Rehabilitation Program. As part of this effort, prioritize review of older multi-unit residential properties located within the Downtown area, which provides some of the most naturally affordable rental housing in Pleasanton. 4. When rehabilitation assistance is offered for multi-family rental units, require, as a condition of receipt of funds, owners to provide, in exchange, a commitment to deed restrict or limit rent increases for a proportion of units in the complex to maintain their existing long-term affordability for current or future tenants. • Responsible Agency: Housing Division, Building and Safety Division • Time Period: Ongoing administration of the Housing Rehabilitation Program; create eligibility list and inventory (January 2025) • Funding Source: Housing Division Budget, HOME Funds, Lower Income Housing Fund • Quantified Objective: 15 lower-income units rehabilitated during the planning period • Geographic Targeting: Prioritize identifying and funding rehabilitation for residential properties in the Downtown area, which is an area of relatively lower income households Program 3.6 Recognizing the impacts of residential displacement, the State has enacted several new laws to protect existing tenants, including: • AB 1482: prohibits evictions and non-renewals of leases without “just cause,” and limits rent increases to five percent per year plus CPI or 10 percent (whichever is lower); • SB 330: bans the approval of development projects on sites that would eliminate existing protected units unless the units are replaced with affordable units; • AB 1397: requires development on Housing Element sites occupied by lower income households within the last five years to be replaced with affordable units; and • Density Bonus Law: requires replacement of units occupied by lower income households within the last five years at an affordable housing cost. Pursuant to Government Code 65583.2(g)(3) and 65915, the City will require the replacement of units affordable to the same or lower-income level as a condition of any development on a non- vacant site as required by SB 330 and State law. • Responsible Body: Planning Division • Funding Source: Planning Division budget • Time Frame: As applications for redevelopment of sites with existing housing are submitted