SR 06:111 - Laserfiche WebLink

56 below-market priced homes on the Bernal property (Walnut Hills, Canyon Oaks, and Carlton Oaks). This program involved a cooperative agreement with Alameda County in which the City was able to borrow against its future MCC allocations in order to make additional MCC's available to buyers of the Bernal homes. Through an agreement between the City and the builders, KB Home and Greenbriar Homes Communities, the 56 duet homes (1,300 sq. ft., 3 bedrooms/2 baths) are being sold at a cost of $199,000 to low income buyers (80% of AMI). The City is making available up to $20,000 in individual second mortgage loans to each buyer on a need basis. Buyers are responsible for obtaining the primary mortgage financing. The first homes were occupied in July 2002, and occupancy of the final units occurred in mid-2005. The City is currently working on a new condominium project with Silverstone Communities which will yield 12 new affordable units (5 low-income, 2 moderate-income, and 5 "affordable by design") in late 2006 or early 2007. Multi-Family Housing Program Local jurisdictions can apply to the State for the purpose of funding affordable multi- family housing developments. Opportunity Zone Inter-regional Partnership The County has two inter-regional partnership-designated jobslhousing balance opportunity zones: one is a project involving Dublin BART station and one for a project at San Lorenzo Village. The County will apply for and support applications for any funds that these projects are eligible for that will assist in implementation. Public Utilities Commission (puq Rule 20A Rule 20A provides an annual allocation to Alameda County from PG&E for infrastructure improvements related to electric utility under-grounding. State Funds for Transportation Financing In addition to the program above, there are several transportation financing opportunity programs including Flexible Congestion Relief Program, State and Local Transportation Partnership Program (SL TPP), Traffic System Management Program, Grade Separation Program, Bicycle Lane Account, and Petroleum Violation Escrow Account. Supportive Housing Initiative Act A competitive statewide program that encourages the development of permanent, affordable housing with supportive services for low-income people with disabilities. Grants cover services and operating costs in supportive housing. LOCAL Action Plan - FY06 City of Pleasanton Page 7