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Planning Commission Duties with Planning Commission Respect to IZO and Housing Programs 4 of 6 years, the City has collected an annual average of $1.17 Million in LIHF, and the current fund balance stands at over $14 Million. The City also utilizes the LIHF funds to assist in maintaining more than 1,000 existing affordable units through acquisition and rehabilitation efforts. The City’s LIHF funds, additionally, are a vital funding source for other important housing services su ch as fair housing counseling, tenant-landlord counseling, housing rehabilitation program, and first time homebuyer program. Current Affordable Housing Fee The City has generally been successful in obtaining inclusionary units within multi -family rental developments. However, developers of new single-family developments often opt out of constructing affordable units, suggesting that it is more costly to const ruct affordable units than it is to pay the Affordable Housing Fee, and that building affordable ownership units may create equity issues. The fee was originally established by the City in 2000 and is adjusted annually based on the Consumer Price Index. The current fees, as of January 1, 2024, are shown in Table 1, below: Table 1: Affordable Housing Fees Review of Affordable Housing Agreements Procedurally, the City memorializes the way in which a project will meet the requirements of the IZO in the form of an “Affordable Housing Agreement” (AHA). Per PMC Section 17.44.090, the Affordable Housing Agreement is to be reviewed by both the Housing Commission and the City Council. With the re-assignment of duties, the Planning Commission is now charged with reviewing AHAs as part of reviewing and approving housing project applications. Pursuant to the IZO, an AHA must be entered into by the City and the developer. The agreement shall record the method and terms by which the developer shall comply with the IZO requirements. The approval and/or recordation of the AHA shall take place prior to final map approval or, where a map is not being processed, prior to the issuance of building permits for such lots or units. It is important to note that, in accordance with the IZO, the Planning Commission may review the AHA, but only the Pleasanton City Council has the authority to review and approve the AHA, which must be executed and recorded as a condition of approval for all housing developments, subject to the IZO requirements. In general, where the AHA is part of a project or action subject to Planning Commission review and approval, the Planning Commission will consider approval of that action, and the AHA