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<br />,-. <br /> <br />Mr. Rasmussen presented the staff report, and recommended that the ommission adopt the <br />proposed assisted housing analysis and Housing Element update provi ions contained in the <br />Supplement to the Housing Element-3: Preservation of Assisted Hous' g. <br /> <br />Mr. Rasmussen suggested as the contracted properties are close to te tion that the City <br />could approach the various owners of assisted rental housing develop ents to see if they are <br />willing to make some kind of arrangements so existing tenants can co tinue to afford the <br />housing. He noted that one solution might be to offer the property 0 ers some kind of <br />incentives, such as rehabilitation funds and low interest loans. Mr. smussen advised that <br />the City is trying very hard to be creative in dealing with this issue. <br /> <br />Commissioner Michelotti asked Mr. Rasmussen whether the landlord s required to help a <br />tenant who might be displaced once the subsidized payments are te nated. Mr. Rasmussen <br />did not feel that is the case at this time. Commissioner Michelotti su ested that in the <br />future this could be a requirement that the displaced person be given me type of assistance. <br /> <br />Commissioner Michelotti commented that she liked Mr. Rasmussen's 'dea of offering an <br />incentive to the landlord, and further suggested that the City might if the time limit for <br />subsidies, etc, might be extended to 30 years, rather than 10-15 years <br /> <br />Commissioner McGuirk called attention to Policy 24.8 on page 13 in <br />of "assistance." Mr. Rasmussen noted that "assistance" could be del <br />for further clarification. <br /> <br /> <br />egard to the wording <br />from the sentence <br /> <br />Commissioner McGuirk asked for further clarification as to Program <br />minimizing the displacement and inconvenience of the tenants. Mr. mussen noted that <br />the issue of displacement is a fairly new problem, and the City is 100 . g for a solution <br />before the problem really hits. <br /> <br />Commissioner Wright questioned Mr. Rasmussen as to the in-lieu fee and if they could be <br />projected for the next 10 years or so. He inquired as to whether tho fees could go to <br /> <br />rehabilitation financing. Mr. Rasmussen indicted those fees could be <br />financing, among other things. <br /> <br />THE PUBLIC HEARING WAS OPENED. <br /> <br />No comments. <br /> <br />THE PUBLIC HEARING WAS CWSED. <br /> <br />Chairman Hovingh asked if this document had been presented to the yor's Affordable <br />Housing Committee. Mr. Rasmussen noted that it has not been prese ted to that committee. <br /> <br />Planning Commission Minutes <br />1uly 22, 1992 <br /> <br />Page 6 <br />