SR 06:102 - Laserfiche WebLink

. Pursuing the potential for affordable units in the proposed continuing care community proposed for the Staples Ranch property. . Review short and long range uses for the City Lower Income Housing Fund to assure adequate funding for priority projects and uses. . Pursue agreements with owners of secondary units to determine feasibility of establishing income restrictions. While the above opportunities are broad and may not in and of themselves be successful in meeting the RHND affordable units targets, they do represent an opportunity for discussion that may lead to continued successes in the future. In addition to the above, staff intends to work closely with ABAG in an attempt to assure use of a methodology for new RHND numbers that are more realistic with existing land, fmancial and cap constraints. It should also be noted that the ABAG RHND represents housing targets and/or goals and while cities are required to identity policies, goals and programs as part of their housing elements to meet the targets, there is not legal requirement for the City to approve construction of the required units. Nevertheless, historically, Pleasanton has worked diligently to meet regional needs and goals and it continues to focus on meeting the RHND. STAFF RECOMMENDATION As indicated, this report is primarily infonnational intended to provide the Council with current information regarding the City's affordable housing efforts. The Council may direct staff to explore any of the opportunities listed above. FISCAL IMPACT There is no direct impact as a result of this report. Should the Council approve, at a later date, any of the opportunities listed above, there could be a financial impact consistent with the project. Respectfully Submitted, Steven Bocian Assistant City Manager r L~~~ David P. Culver Finance Director W Nelson Fialho City Manager 5~?Z---- Attachment: 1. Letter from Patricia Belding dated December 14,2005 SR:06:087 Page 6