5_Exhibit B_Resolution_Attachment 2

G-2 | City of Pleasanton Housing Resources Section G.1 Financial and Administrative Resources G.1.1 Local Resources Lower Income Housing Fund (LIHF) The City collects affordable housing fees from all residential and commercial, office and industrial development projects; unit types such as Accessory Dwelling Units and projects that provide at least 15 percent lower-income housing units are exempt from paying the fee by Municipal Code §17.40.040. These fees are paid at time of building permit issuance and deposited in the LIHF. The LIHF must be used in accordance with and in support of activities to implement the City’s Housing Element. The LIHF has successfully provided needed funding to complete affordable housing projects including Sunflower Hill, a 31-unit rental project affordable to adults with developmental disabilities, and Kottinger Gardens, a two-phase, 185-unit project for lower-income elderly residents. As described below, the LIHF is also used to fund a number of other housing-related programs such as housing rehabilitation assistance, down-payment assistance, and to provide grants to non-profit organizations that provide housing and human services to lower-income residents. Down Payment Assistance (DPA) Program In 2004, the City introduced the DPA program. The program recently revamped as the Pleasanton Down Payment Assistance Loan Program (PDALP) currently offers $100,000 in down payment assistance loan for potential first-time homebuyers whose household income does not exceed 120 percent of Area Median Income (AMI). Assistance is in the form of a 30-year, zero interest loan with no required monthly payment provided the homeowner occupies the home. The PDALP loan is structured as a shared appreciation loan with the principal balance amount plus a share of the appreciation due at the end of the 30-year term or when the homeowner sells or transfers the property. Housing & Human Services Grants (HHSG) Program The City provides grants to non-profit agencies that provide housing and human services primarily to low-income residents through the HHSG Program. The HSSG Program is funded with federal CDBG and HOME program funds (see Federal Resources) as well as local funding sources from the Lower-Income Housing Fund and City General Funds for Human Services. Housing Rehabilitation Program This City program provides loans and grants to extremely low-, very low-, and low-income homeowners and is funded through a combination of City Lower-Income Housing Funds and federal HOME funds. Major repair work (e.g., reroofing, sewer line replacement, windows, electrical, etc.) of $15,000 to $150,000 may qualify for a deferred City loan at one percent simple annualized interest. Minor repair work (e.g., water heaters, door locks, etc.) and accessibility