SR 05:103 - Laserfiche WebLink

Five Year Ob,iectives Five Year Goals Performance Measures Assist low and moderate income, Promote ABAG's California Home 20 households will purchase homes first-time homebuyers through Source lease-purchase program to in Pleasanton through the lease- implementation of a new lease- facilitate eventual home ownership purchase program during thc five- purchase program through the in Pleasanton for families that are year period. Association of Bay Area currently priced out of the local Governments (ABAG) and housing market. California Home Source. Assist moderate and middle income, Conlribute City Housing Funds MCC's will be issued to 25 first-time homebuyers through annually toward the administrative Pleasanton low and moderate income participation in the Mortgage Credit costs of the MCC program by homebuyers during the five-year Certificate (MCC) Program, which Alameda County HCD. period. allows eligible homebuyers to deduct 20% of their annual mortgage interest payments on their federal income tax return to lower their monthly mortgage payment. Assist moderate and middle income, Continue and augment efforts to 500 households seeking home first-time homebuyers through promote opportunities for affordable ownership opportunities will be dissemination of information on ownership housing in Pleasanton provided information on City and affordable ownership housing through the dissemination of other programs during the five-year opportunities, information on new housing period as measured through construction, price trends in new and additions to the City's ownership resale homes, and PHAP assistance, mailing list. including expansion of existing marketin~ on the City's web site. Assist moderate and middle income, Continue to work with local housing 25 new units for low and moderate first-time homebuyers through developers to construct additional income homebuyem will be construction of new affordable ownership homes for sale under the constructed and sold during the five- ownership housing units. Pleasanton Homeownership year period. Assistance Program (PHAP) at affordable prices. Assist moderate and middle income, Work collaborativety with the cities The TVHOC will open and 25 first-time homebuyers through the of Livermore, Dublin, San Ramon, households will attain home establishment of a "clearing house" and Danville to establish the Tri- ownership in Pleasanton during the for home ownership programs in the Valley Housing Opportunity Center five-year period. Tri-Valley area. (TVHOC) which will be based in Livermore. GEOGRAPHIC DISTRIBUTION Except where a specific location is indicated, all of the programs listed above will be available throughout the City of Pleasanton. DRAFT - Strategic Plan - FY2005- FY2009 City of Pleasan/on Page 14