RES 01063 - Laserfiche WebLink

figured on ¼ of his income. The income of his wife could not be used. They built a 1005 squaze foot house, with a full basement, on a 3A acre lot. The loan was $19,000 when most homes were running for $25,000 at that time. They were very happy, but the rules stated to change. Property taxes increased drastically and they gave thoughts to selling. Then along came Jarvis-Crann, which resulted in a godsend for his family and especially those with small incomes. Today his ~A acre lot, with no house on it, is worth $750,000 in Pleasanton, if divided into ~ or four parcels. Most teachers or entry level positions just do not have incomes to do something in Pleasanton today, but they used to. He gave a brief history on affordable housing since he has been in Pleasanton. In 1966 Pleasanton had Kottinger Village Housing on Vineyard Street, which was an old Navy barracks made into various size apa~i~aents. As the economy started to get better people were able to buy homes and move on. The Village was torn down and rebuilt into a senior housing community with a much lower density. Comodorski Village was in Dublin and the Pleasanton Housing Authority, of which he was a member, governed it. The barracks were eventually torn down and rebuilt with a smaller density for the lower income family that exists today. When Dublin became incorporated, they took over the control of that village. Under the drive of Dr. Howard Long, Pleasanton decided it needed to provide some housing for Pleasanton's lower income families. Pleasanton Gardens was built with the help of various organizations in Pleasanton. As time has passed Pleasanton has lost some of the affordable housing, as we have heard this evening. The rules have changed. It really takes a large income to buy a house in town. Under the present General Plan there are supposed to be maximum of 29,000 homes built in Pleasanton. As of today, there are 27, 568 homes either built or on the books to be built. That leaves 2,432 homes or apartments left for Pleasanton to build, unless we annex some more land. A few months ago models were made of Kottinger Village to show how more units could be added with funds from the $10 million housing fund. At the Housing Commission it was decided to look more deeply into what options were possible, so a housing consultant was hired. One option in this report, which was given approximately 10 days ago, was stated that Pleasanton could built 100 affordable units on a developer or City owned land using HUD money under Section 202 program and the City's investment would be approximately $6.8 million. If the City could set up some sort of stepping stone type of affordable housing for the young families, future generations would be most grateful. We need to do something now. He asked to review the plan. He told Councilmembers that they can f'md out for themselves whether they were right. Jack Dove, 5250 Case Avenue, #110, said he got to know Pat Belding three years ago through "Make A Difference Day" and has watched as she represented the Interfaith Poverty Forum. She is a dedicated lady who ~ working diligently for the good of the Tri- Valley Area and Pleasunton in particular. They have had several training meetings recently and have asked Mr. Dove to join them. He has discovered that this group has put together a group that includes not only the Catholic founding of the Interfaith group, but also the Methodists, the Presbyterians, the Lutherans, Valley Community and many denominations in this town, along with many people who are just plain interested in doing what they can because of the perceived problem. Similar groups in San Rsmon, Livermore and Dublin are working in terms of the whole Tri-Valley. When the General Plan was approved a number of years ago, he recalled that well over 95% of the people in Pleasanton City Council 11 04/17/01 Minutes