RES 92158 - Laserfiche WebLink

C; Add a New ParaaraDh on Paae IV-15. Under ParaaraDh 5 to read: The 1992 Housing Element update regarding the preservation of assisted housing was conducted by the Planning staff with input from affected affordable housing project managers, nonprofit organizations, tenants, professional real estate developers, County housing staff members, and other interested parries. Additional input was provided through a series of public hearings before the Planning Commission and City Council. Add a New Goal. Poli~ and Pro=rams Startina on Paae IV-30 to read: GOal7: To preserve and/or replace assisted rental apartment housing which is at-risk of changing to market rate housing. ~9~JkT~Y__~: Preserve .for the longest term feasible and/or strive to replace the 278 low-income assisted housing units which are at risk of changing to market rate housing by the year 2000. Pro=ram 24.1: Monitor at-risk assisted projects which become eligible to terminate affordable controls, and provide technical assistance to tenant organizations which may be interested in purchasing the units. Responsible Agency: City Council/Planning Dept. Time Period= Beginning 1992 and ongoing Funding Source= Not applicable. prO=ram 24.2: Assist in the identification of potential purchasers 'of at-risk units such as resident councils, the City, other public agencies, and nonprofit organizations. Responsible Agency: City Staff Time Period: Beginning 1992 and ongoing Funding Source= Not applicable. Pro=ram 24.3= Provide grants'or direct technical assistance where appropriate to management groups and non-profit organizations capable of acquiring and managing at-risk projects. Responsible Agency: Time Period: Funding Source= City Council Beginning 1992 and ongoing Lower Income Housing Fee, tax exempt bonds, and federal and state programs. - 12 -