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TM~LE ,k: CURRE~ AFFORDABLE ItO['SING PROPOSALS <br /> <br />~u~g~t~ ~~ ~ $2~4~1~ <br /> <br /> EO~~t <br /> E~ ~ BMR (v~ ~n9 ~ ~ o~ ~ ~ ~ ~ mlg~ <br /> <br /> ~t ~ ~ <br /> ~ ~m~) w~~ (~t~) <br /> <br /> TOT~: <br /> (~m~) ~ mi~ <br /> <br /> ~ ~o~dun ~o~ [~ T~I~ ~ i~ p~min~ ~d e~ on ~e best ~fu~don <br /> <br /> si~c~t ~o~ o~ ~d~B ~ ~c ~ow~ ~co ~c ~ous~B F~d ~ ~ <br /> ad~do~ ~c~ ~ s~[ ~c~c~ ~c8ofies o~ p~j~ct ~ ~d ~d~i~Jes ~at ~ less d~?mcd but <br /> <br /> G~c~ ~is~ee ~ ~m $1~ ~Hioo to $t0 ~llion. ~s nord ~li~, ~c Lower <br /> ~come ~o~n8 ~d c~d~ has l~ss ~ $~ ~]lio~ o~co~ed ~ds. ~c ~oUo~ <br /> ~blc p~o~dcs a s~ o~c c~t s~s o~thc ~o ~inB <br /> <br /> With the City approaching General Plan buildout, the dousing Fund is not expected to grow <br /> rapidly in the future. Fu~her, as a result of the City's ~clusionary Zoning Ordinance, the City <br /> can expect to receive affordable units rather than fee ~yments that will also lead to the fund <br /> growing slower than in the past. The current Lower Income Housing Fee amounts are: <br /> $8,650/unit for single family detached units over 1,500 s q. fl.; $2,144/unit for multi-family units <br /> and single family detached units 1,500 sq. R. and ~s; and $2.2g/sq. ft. for commercial <br /> development. <br /> <br /> Other Potential Fundin~ Sources <br /> <br /> The City receives small annual formula allocations of Community Development Block Grant <br /> (CDBO) and HOME Investment Partnership funds from the federal 8ovemment (approximately <br /> $300,000 and $150,000 per year, respectively). How(ver, these funding sources are already <br /> heavily subscribed and have traditionally been funnel( to non-profit agencies to implement <br /> <br /> SR:04:021 <br /> Page 3 <br /> <br /> <br />