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THE CITY OF ( 1 ~I YI1111 Ir/ ~-~1II' j~L£ ~S~4NTON• Housing Commission Minutes -EXCERPT (SUBJECT TO APPROVALI City Council Chambers, 200 Old Bernal Ave., Pleasanton, CA October 23, 2008 7:00 p.m. 8. PUBLIC HEARINGS AND OTHER MATTERS B. Review of the Proposed Purchase by HOUSE, Inc., of aBelow-Market Priced Home to Provide Housing for Developmentally Disabled Adults Scott Erickson provided an overview of the agenda report. At the August meeting, the Commission reviewed a concerning a request from HOUSE, Inc., for $450,000 in funds through the City's federal HOME grant allocation to assist the agency to purchase a yet to be identified single family residential property in Pleasanton to be used for providing housing to adults with developmental disabilities. While the Commission was generally supportive of this usage, it raised a number of questions and requested additional information in the following areas: • Provide additional application-type information with the request including matters such as budget, agency information /history, tenant profile, rent levels, etc. • Identification of a specific property to be purchased • Disposition and securing of HOME funds (i.e., through contract and loan documents) • Identification of the amount of the Home funds and identification of leveraging from other sources. The Commission's general direction to HOUSE, Inc., was to continue to search for a property in Pleasanton and to provide updates either directly or via staff. The Commission also urged the agency to consider creative ways to leverage funding. The funding request was tabled for future consideration, and the agency was advised to return at a later date with a complete grant application or to wait until the City's next annual grant funding cycle (FY 08/09) in December. As part of its discussions with HOUSE, Inc., after the Commission meeting, staff explored the potential of focusing the agency's effort on one of the below-market priced homes located on the Bernal Property that were constructed by KB Home. In general, Page - 1 -