SR 05:103 - Laserfiche WebLink

As of June 2002, Pleasanton had 167 households with Section 8 vouchers, including 75 families with children and 92 elderly and/or disabled households (HACA, June 2002). The majority of vouchers were used to rent one-bedroom units, with an average monthly subsidy of slightly less than $500. For families, the average length of participation in the Section 8 program in Pleasanton is 3 years, 9 months. The length of participation for elderly and disabled households is longer due to the on-going need for the subsidy. Only 12 Pleasanton households were successful in being selected for HACA's waiting list in the December 2001 application and lottery process. For the past several years, increasing numbers of Section 8 vouchers have been retumed to housing authorities because participants cannot find landlords who are willing to rent to them. HACA has requested and received authorization to charge "exception rents," rent levels that are higher than the Fair Market Rents set by HUD. This allows participants to pay higher rates than currently set for the area by HUD. While this gives tenants the ability to rent units at market rates, it will create a greater cost burden for these participants. More detailed information regarding rental housing trends and housing affordability can be found in the City's General Plan Housing Element. This document can be viewed on the City's web site (www. ci.pleasanton, ca. us). Copies are also available at the Pleasanton Library (400 Old Bemal Avenue, Pleasanton) or at the City of Pleasanton Planning Department (200 Old Bemal Avenue, Pleasanton; tel. 925-931-5600). Objectives The objectives presented in this section reflect the broad areas which will be pursued under this priority. Implementation will be contingent on current and projected need, availability of financial and other resources, and regular re-assessment of the proposed objectives and accomplishments. Five Year Objectives Five Year Goals Performance Measures Increase the number of retual Identify existing rental properties At least 100 rental units will receive housing units affordable to that might benefit fi.om rehabilitation, with a minimum of 30 extremely low, low, and moderate rehabilitation. Enter into regulatory units (l 5 very low and 15 low income households through agreements with owners to ensure income) available at below-market rehabilitation of existing housing to long-term affordability (using CDBG fetus in perpetuity for eligible create affordable rental units, and City Housin~ Funds). households. Increase the number of retual Support the efforts of private There will be 50 additional rental housing units affordable to developers seeking to develop units (30 low income and 20 very extremely Iow, low, and moderate affordable rental housing in low income) constructed that will be income households through Pleasanton (City financial assistance available in perpetuity for eligible construction of new affordable rental and fee waivers; tax credits secured households. units, by project developers). DRAFT - Strategic Plan- FY2005- FY2009 City of Pleasanton Page 6