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develoPments not othe~,~ise exempted from the ordinance <br />are subject to ths fee. Exemptions are allowed for: ~) <br />all residential units within a development with at least <br />fifteen percent low-income units; 2) low-income units <br />within a residential development wi~ less than fifteen <br />percent low-incomeunits~ and 3) ~oderate-income housing <br />units within a residentia~ development. <br /> <br />Monies generated from the fee are to be used in support <br />of activities to implement the General Plan Housing <br />Element. Activities may include, but are not limited <br />to, land acquisition, construction, rehabilitation, <br />subsidization, and counseling or assistance to other <br />governmental entities, private organizations, or <br />individuals to expand housing oppor~unities to lower- <br />income households. Monies may be disbursed for the <br />purpose of providing assistance to housing development <br />corporations, equity participation loans, grants, <br />participation leases, loans to develop affordable <br />housing or other public/private partnership <br />arrangements, etc. The housing fund may be used for the <br />benefit of both rental and owner occupied housing. <br /> <br />Current fees are as'follows: <br /> <br />Single-family dwellings <br />Multi-family dwellings <br />Commercial and Industrial <br /> <br />$1,800/unit <br />$600/unit <br />$0.40/s.f. floor area <br /> <br />Since ~he time of adoption of the fee ordinance, <br />approximately $4.4 million has been collected. Of this <br />total, $100,000 is encumbered to support housing <br />provided by Bay Area Community Services for the mentally <br />disabled adults project, $1.7 million is set aside to <br />guarantee the Ridge View COnchs mortgage payments; <br />$260,000 is planned for use in the Pleasanton Second <br />Mortgage Program~ and $33,000 has been used in support <br />of affordable housing consultant fees for various <br />purposes. This leaves a total of $2,305,000 remaining <br />in the current account. The remaining funds as well as <br />future funds will be available for consideration of use <br />for preservation and or development of low-income <br />housing. <br /> <br />E. Growth Manaaement ProqF~m <br /> <br />The Growth Management Program is structured to provide <br />incentives for the private 'development of affordable <br />housing. The Program reserves an additional 100 housing <br />units per year (above the 650 unit limit) for owner <br />occupied'and rental projects which provide at least 25 <br />percent lower income units. In addition, the Program <br /> <br />- 8 - <br /> <br /> <br />