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The City of Pleasanton was also successful in meeting the CDBG expenditure standards as evidenced by the fact that as of the June 30, 2008 deadline, the L31 balance in the City's line of credit was below the maximum threshold of I.50. The timely expenditure if CDBG fimds is an important consideration for Congress during the annual appropriation process. We commend the City fw• encouraging affordable housing opportunities for low-and moderate-income families. A notable accomplishment includes the reservation of seven affordable condominiums within the Birch Terrace project, one affordable towuhome belonging to the Vineyard Avenue development, and 35 condominiums within the Stoneridge development for sale to low and moderate-income homebuycrs at below-market rates. Furthemrore, the City contributed $350,000 in local funds as a match in State Housing Enabled by i,ocal Partnerships (HELP) funds to establish a down payment assistance loan program in PY 2007. We understand that the down payment assistance program will provide loans of up to $60,000 for low-income households and $40,000 for moderate-income families to purchase existing homes in Pleasanton. We would be delighted to hear about the probness of the new down payment assistance program in the fimire. Since the City of Pleasanton receives a relatively small amount of entitlement fimds, it has used its ('DBG funds principally for public services, public improvements, and fair housing activities. Nevertheless, the City combined approximately $17,000 in CDBG funds with its Lower Tncome Housing Funds to address the performance measurement goal of preserving affordable rental and ownership housing to 100 low- and very-low income families by 2009. During the reporting program year, 10 low- and very low-income homeowners, particularly seniors and disabled individuals, received repairs to their homes and seismic bracing services through the rehabilitation programs. Overall, the City continues to perform well in the use of its resources. Its staff continues to take a lead role in the activities of the Tri-Valley Affordable Housing Committee (TVAHC), which is comprised ofrepresentatives from thejurisdictions in the Tri-Valley area, specifically Pleasanton, Livermore, Dublin, San Rarnon, Danville, and the counties of Alameda and Contra Costa. Furthermore, the City's cooperation and collaboration with [he cities of Livermore and Dublin in more than 10 housing programs are admirable. Our review of the CAPER and other available information confirms that the city has the continuing capacity to implement its CDBG program.