SR 06:116 - Laserfiche WebLink

. 1. Rental or ownership housing for "very low income" and/or "low income" households. 2. Ownership housing for "modetatc income," fust-time home buyer households. II. New Construction A. The payment of costs, including fees, associated with the construction of new rental or ownership housing units for "very low income" and/or "low income" households. Priority shall be given to projects which benefit "very low income" households. B. The payment of costs associated with the conatruction of new ownership housing units for "moderate income," first-time home buyer households. m. Jl..hahilitation A. Rehabilitation projects or activities in existinl rental or ownership housins units where the activity results in or is IC1ated to an incrase in the City's stock of lower-income housinl (i.e., the provision of new "very low" and/or "low income" units through rehabilitation rather than throup new construction). B. Rehabilitation projects or activities in existing rental or ownenhi.p housing units occupied by "very low income" and/or "low income" households where the activity is re1ated 10 the physical maintenance of existing lower-income housinl units to ensure their continued availability as part of the City's lower-income housing stock. In order to be eligible for Housinl Fund assistance, mainlenance-oriented rehabilitation projects must include substantial City involvement, e.g., complete or partial City ownership, prior City financial commitment, le&a1 or contractual City involvement, etc. IV. Housing Counseling/Public Services Related to Housinl A. The provision of counseling and similar assistance (either directly or tbrouah other governmental entities. private organizations, or individuals) in which the loal is to expand housinc opportunities in Pleasanton for lower-income households. The counseling activities fOf which the Housing Fund is used must be demonslIatcd to benefit at least 70% lower-income households. 3