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PRIVATF, <br />Community Reinvestment Act (CRA) <br />Local Lenders are encouraged by state, county, and local politics to provide favorable <br />lending terms for projects which involve the provision of affordable rental and ownership <br />housing. "fhe City has encouraged developers of affordable housing projects to explore <br />opporhmitics with local lenders in conjunction with the construction of their projects. In <br />addition, CRA benefits have been a significant incentive in attracting prospective <br />tinancial partners for City-sponsored loan programs and the new Tri-Valley [lousing <br />Opportunity Center (TVHOC) that was opened in September 2005 through a <br />collaboration of the five cities in the Tri-Valley area. <br />Other <br />Local foundations, faith communities, service organizations and private individuals <br />contribute their support for a variety of homeless assistance and prevention programs, <br />which serve Pleasanton. <br />LF;VF;RAGING PLAN <br />For all housing and community development activities, the City of Pleasanton will support <br />applications by other entities to all public and private sources of financing. [n the case of <br />matching requirements for a funding source, the City will use for a match such sources as City <br />[lousing Funds, other local agency funds, publicly owned land, and private donations. "fo <br />maximize leveraging of its own funds and to increase the funds available for housing, the City <br />plans to undertake the following activities: <br />• Support the purchase and rehabilitation and construction of units by non-profit housing <br />dcvclopcrs. <br />• Continue participation in the Mortgage Credit Certificate (MCC) program operated by the <br />County of Alameda. <br />• Continue to provide support to non-pro tit, community-based housing dcvclopcrs and service <br />providers. <br />• Promote joint development with other governmental or quasi-governmental agencies to <br />implement community development programs (as exemplified in the recent collaborative <br />acquisition and rehabilitation of the Sojourner I louse shelter facility and the establishment of <br />the Tri-Valley I lousing Opporhmity Center). <br />Action Phm - FY09 <br />Cily of Pleasanton <br />PaKe 12 <br />