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Housing Resources City of Pleasanton | G-9 <br />rapidly rehouse homeless individuals and families; and prevent families/individuals from <br />becoming homeless. <br />• HOME Program: Participating jurisdictions may use HOME funds for a variety of housing <br />activities, according to local housing needs. Eligible uses of funds include tenant-based <br />rental assistance; housing rehabilitation; assistance to homebuyers; and new construction <br />of rental housing. HOME funding may also be used for site acquisition, site improvements, <br />demolition, relocation, and other necessary and reasonable activities related to the <br />development of non-luxury housing. Funds may not be used for public housing <br />development, public housing operating costs, or for Section 8 tenant-based assistance, <br />nor may they be used to provide non-federal matching contributions for other federal <br />programs, for operating subsidies for rental housing, or for activities under the Low-Income <br />Housing Preservation Act. Pleasanton is a member of the Alameda County HOME <br />Consortium for which Alameda County is the lead agency and includes the cities of <br />Alameda, Fremont, Hayward, Livermore, Pleasanton, San Leandro, and Union City, and <br />the Urban County which includes the cities of Albany, Dublin, Emeryville, Newark, and <br />Piedmont, and the Unincorporated County. <br />• Low-Income Housing Preservation and Residential Home Ownership Act <br />(LIHPRHA): This program requires all eligible HUD Section 236 and Section 221(d) <br />projects at risk of conversion to market-rate rentals from mortgage pre-payments be <br />subject to LIHPRHA incentives, which include subsidies to guarantee an eight percent <br />annual return on equity. <br />• Low-Income Housing Tax Credit: Administered through the California Tax Credit <br />Allocation Committee (TCAC), the Low-Income Housing Tax Credit (LIHTC) subsidizes <br />the acquisition, construction, and rehabilitation of affordable housing by providing a tax <br />credit to construct or rehabilitate affordable rental housing for low-income households. <br />• Section 108 Loan Guarantee Program: Allows CDBG entitlement jurisdictions to <br />leverage their annual grant allocations to access low-cost financing for capital <br />improvement projects. Eligible activities include housing, economic development, public <br />facility, and infrastructure. This program is often used to catalyze private investment in <br />underserved communities or as gap financing. <br />• Section 202 Supportive Housing for the Elderly Program: Provides an interest-free <br />capital advance to cover the costs of construction, rehabilitation, or acquisition of very low- <br />income senior housing. The program is available to private, nonprofit sponsors; public <br />sponsors are not eligible for the program. <br />• Section 811 Project Rental Assistance: HUD offers long-term project-based rental <br />assistance through a NOFA published by the California Housing Finance Agency <br />(CalHFA). <br />• U.S. Department of Agriculture (USDA) Housing Programs: These programs provide <br />homeownership opportunities for individuals and below market-rate loans/grants to public <br />and nonprofit organizations for new construction, preservation, or rehabilitation of <br />farmworker/rural multi-family rental housing.