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THE CITY OF ,i,.~~~~~_ ~ 1 ~ , ,,, ~r ~ ,, j~L£~S~4NTONo Housing Commission Minutes -EXCERPT jSUBJECT TO APPROVALI City Council Chambers, 200 Old Bernal Ave., Pleasanton, CA August 21, 2008 7:00 p.m. 8. PUBLIC HEARINGS AND OTHER MATTERS B. Recommendation Regarding the Allocation of Uncommitted Federal HOME (HOME Investment Partnership Program) Grant Funds Mr. Erickson provided information about the Home Investment Partnership (HOME) program that was established through the Cranston-Gonzalez National Affordable Housing Act of 1990 to provide funding for new construction or substantial rehabilitation of affordable housing. The Commission was advised that in order to attain eligibility to receive a HOME funds allocation, smaller jurisdictions in Alameda County entered into an agreement in 1993 to form the Alameda County HOME Consortium. Pleasanton has participated as part of the Consortium since 1993 and has received approximately $100,000 to $170,000 each year. As indicated by Mr. Erickson, the HOME allocations for 2006, 2007, and 2008 and a portion of 2005, for a total of $677,000, have not yet been allocated to specific projects. Mr. Erickson informed the Commission that HOUSE, Inc., recently approached staff with a request for additional funding to assist them in acquiring housing for developmentally disabled adults. He also advised that the City has provided HOME funds (in addition to CDBG and City Lower Income Housing Funds) to this agency in the past to acquire four such properties. With the current favorable housing market, the agency is currently actively searching for new residential property to add to its portfolio. Staff recommended the Commission indicate its intent in a recommendation to City Council, whether $450,000 in HOME funds should be allocated to HOUSE, Inc., for the purpose of acquiring a new housing facility for developmentally disabled adults in Pleasanton. Page - 1 -