03 ATTACHMENTS - Laserfiche WebLink

Summary of Objectives FY 2010 The following table describes this year's Action Plan priority or objective along with 5 -year Goals and Objectives (FY 2010 2014). Five Year Objectives Five Year Goals Performance Measures Current Year's Objectives (FY 2010) Priority: Increase the availability of affordable rental housing for extremely low income (30 very low (50 and low income (80 households. Promote the production of affordable rental Identify existing rental properties that might I At least 100 rental units will receive 20 total rental units (including 3 very low and 3 housing by supporting the acquisition, benefit from rehabilitation. Enter into rehabilitation, with a minimum of 30 units (15 low income) rehabilitation, and new construction of units by regulatory agreements with owners to ensure very low and 15 low income) available at non -profit developers. A combination of funds long -term affordability (using CDBG and City below -market rents in perpetuity for eligible will be used, including federal, state, and local Lower Income Housing Funds). households. housing program funds. Encourage the inclusion of affordable rental Support the efforts of private developers There will be 50 additional rental units (30 low 6 low and 4 very low income units housing by the private sector in new housing seeking to develop affordable rental housing in income and 20 very low income) constructed developments. Pleasanton (City financial assistance and fee that will be available in perpetuity for eligible waivers; tax credits secured by project households. developers). Seek opportunities to acquire one or more N/A (dependent upon the availability of N/A vacant sites for new affordable rental housing suitable land). development. Support the development of high density rental Support the efforts of the Housing Authority of The number of vouchers held by Pleasanton N/A housing in conjunction with BART stations and Alameda County to secure additional Section 8 residents will increase by 50 for the five -year other transit centers including a portion of the Assistance certificates and vouchers for low period. units as affordable to extremely low and very and very low income Pleasanton residents. low income households. Encourage the execution of new agreements for There will be at least 50 new rental units 10 new low income rental units Below Market Rate (BMR) units through the affordable to low income households for the Inclusionary Zoning Ordinance in future private five -year period. multiple family developments. Work with ECHO Housing through the Affordable housing information and referrals Provide information to at least 100 households agency's contacts to promote opportunities for will be provided to 500 persons or households affordable housing in Pleasanton (provide during the five -year period. information to one -third of ECHO's estimated 300 clients per year). Priority: Preserve existing affordable rental and ownership housing households at or below 80% of Area Median Income (AMI). Provide Minor Home Repair assistance to low Maintain and expand the Housing 50 very low and 50 low income households will 10 very low and 10 low income households and moderate income homeowners in order to Rehabilitation program (currently administered receive housing rehabilitation services over the maintain and preserve their housing. by Neighborhood Solutions) to increase the five -year period, including an estimated 50 number of existing ownership units percent elderly households. rehabilitated. Action Plan FY 10 City of Pleasanton Page 17