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19B
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2017
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050217
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19B
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4/27/2017 9:15:17 AM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
5/2/2017
DESTRUCT DATE
15Y
DOCUMENT NO
19b
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assistance, seismic retrofitting, and accessibility improvements. Based on past experience, units <br /> benefitting from the HRP have been spread throughout the community although mobile home grants <br /> are by definition focused in the two largest mobile home parks at 3231 and 3263 Vineyard Avenue in <br /> east Pleasanton (census tract 4507.42). These two parks are primarily occupied by low-income seniors. <br /> The rental rehabilitation program is available to those properties in Pleasanton where at least 51%of <br /> the units are occupied by low and very low income households, or in which 51%of the units will be rent- <br /> restricted through a rental agreement to qualified low income households after rehabilitation. This <br /> program provides below-market-interest-rate loans to property owners to complete the rehabilitation. <br /> Tenant incomes are verified to determine whether at least half of the units are occupied by lower <br /> income households. The property's operating budget is also examined to determine the property's long- <br /> term financial feasibility and ability to repay the loan. <br /> HOME Investment Partnership funding is allocated to the jurisdictions within the Alameda County HOME <br /> Consortium on a formula basis. HOME funds are distributed throughout all parts of the HOME <br /> Consortium. All activities to be undertaken are intended and open to serve eligible households living in <br /> the Consortium. <br /> Discussion <br /> Annual Action Plan 32 <br /> 2017 <br /> OMB Control No:2506-0117(exp.07/31/2015) <br />
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