Laserfiche WebLink
II. COMPLIANCE WITH PREVIOUS POLICY REPORT <br /> <br /> The City of Pleasanton published a policy report on or <br />before March 11, 1985 pursuant to Section 103-A (j)(5) of the <br />Code. However, as the City of Pleasanton did not issue qualified <br />mortgage revenue bonds during 1985, the City of Pleasanton <br />neither complied or nor failed to comply with policies contained <br />in said policy report or with the intent of Congress stated <br />therein. <br /> <br /> III. COMPLIANCE WITH INTENT OF CONGRESS <br /> <br /> The City of Pleasanton on September 15, 1984, issued <br />qualified mortgage revenue bonds in an effort to assist lower <br /> <br /> income families to afford home ownership. The issue was as <br /> follows: <br /> <br /> Issue Amount <br /> <br />Pleasanton-Suisun City Home Financing <br />Authority <br />Home Mortgage Revenue Bonds $20,695,726.23 <br />1984 Series A <br /> <br /> As of June 30, 1985, 19 mortgages have been issued to <br />city of Pleasanton homeowners who do not exceed 120% of the <br />median family income for the San Francisco-Oakland Standard <br />Metropolitan Statistical Area for a family of four persons, <br />adjusted up or down for other household sizes and as established <br />by the United States Department of Housing and Urban Development. <br /> <br /> The City of Pleasanton believes that in issuing such <br />qualified mortgage bonds it has complied with the intent of <br /> <br /> - 15 - <br /> <br /> <br />