RES 90196 - Laserfiche WebLink

Program 11.6: Use. the lower-income housing fund to help finance affordable housing so as not to transfer additional costs to market rate income units. Responsible Agency: Time Period: Funding Source: City Council Ongoing Low Income Housing Fund Program 11.7: Use the lower-income housing fund to purchase land, write down mortgage costs, rehabilitate units, subsidize rents, issue tax exempt bonds, post loan collateral, pay predevelopment costs, and otherwise help produce housing units affordable to lower income households. Responsible Agency: Time Period: Funding Service: City Council On going Low Income Fund Growth Manaqement Goal 2: To manage residential growth in an orderly fashion. Policy 12: Regulate the number of housing units approved for construction each year according to the availability of infrastructure, the City's ability to provide public services, housing needs, and employment growth. Program 12:1: Use the City's Growth Management Program to limit residential growth to between 0 and 650 units per year and reserve an additional 100 units per year for projects which include 25% or more lower- income housing units. Responsible Agency: Time Period: Funding Source: City Council Annually Not Applicable Program 12.2: Use the Growth Management Program to establish an annual objective for housing units within each income category one year in advance of Growth Management allocations. This allocation should take into account the information contained in the Growth Management Report including housing need, job growth, jobs/housing balance, General Plan policies, regional share allocations etc. Responsible Agency: Time Period: Funding Source: City Council Annually Not Applicable IV-24