CCMIN041806 - Laserfiche WebLink

Ms. McGovern indicated she supports the Housing Commission recommendations. She supports the reserve of approximately $3 million for the redevelopment of Kottinger Place and Pleasanton Gardens and approximately $3.7 million for new rental units for low and very- low income households. She further stated that if a review of the programs indicates that the CDBG funds not cover administrative costs, then the City should consider the General Fund absorbing the costs. We should look to leveraging our funds with other sources in order to maximize the efficient use of the fund and encourage the use of funding the repays the fund over time, such as pre-development, construction loans, second mortgages and down payments assistance programs. She requested the Housing Commission look into the Inculsionary Zoning Ordinance and the CIO fees that have been discussed and decide if they should be adjusted. Mr. Fialho responded the IZO and CIO fees were last adjusted in 1998. Ms. McGovern asked if the fees were adjusted yearly for inflation. Mr. Bocian said yes. Mr. Fialho said the fees should be reviewed in the context of other development impact fees. When fees are raised, they are raised as a package. Ms. McGovern questioned rental subsidies and what the City was currently spending. Mr. Bocian responded nothing. Ms. McGovern questioned the large amount of money and whether an endowment should be set up. Mr. Bocian responded staff would like to hear from Council a general interest in pursuing this concept. If Council is intrigued by the concept, staff would return specific numbers as to how much money the City should put towards the program. Mr. Brozosky indicated he supports the ideas as presented by the Housing Commission. He is concerned about the escalating operating costs. He believes it is important to look at shifting Inculsionary zoning and to consider a fee waiver. Mr. Sullivan indicated his interests are in learning more about the rental subsidy reserve. Ms. Hosterman agreed with the report and is interested in finding out about rental subsidy programs. She wants to ensure Council direction allows for flexibility. She appreciates what is being done in Pleasanton and the Tri-Valley Regional efforts. It was moved by Mr. Brozosky, seconded by Mr. Sullivan, to direct staff to retain short-term and long-term potential general uses for the Lower Income Housing Fund as outlined in the staff report and to retain high priority projects and potential reserves for their completion as reflected in the staff report as a road map upon which future decisions may be based; to include existing housing stock and new projects as a reserve for new low and very-low income developments reflected in the report; and to include a specific line item for second mortgages and the homebuyer assistance program. Pleasanton City Council Minutes 14 04/18/06