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Attachment 8: HUD Annual Community Assessment Report for Program Year 2008 (2/4/10) o 11.9. Department of sing and Urban Development N Chi San Francisco Regional Office Region IX ryl' 600 Harrison Street 3 San Francisco. California 94107 -136 w.gov tl i f O F PLEASANTU,`I espancl.panothod.gov EB 4 7.010 FEB 0 f 2009 Honorable Jennifer Hosterman CITY MANAGER Mayor City of Pleasanton .R, P.O. Box 520 t" j pf l Pleasanton, CA 94566 S Q J V Dear Mayor Hosterman: P. v.. SUBJECT: City of Pleasanton, Califomia Annual Community Assessment Report Program Year 2008 The U.S. Department of Housing and Urban Development's (HUD) Office of Community Planning and Development (CPD) annually reviews the performance of communities managing Community Development Block Grant (CDBG), Home Investment Partnership Program (HOME), and other Federal program funds. These funds are used by communities to implement the strategies outlined in the five -year Consolidated Plan for preserving existing affordable housing, developing new affordable housing, improving neighborhoods, and expanding economic opportunities for low- and moderate income people. In Program Year 2008, the City received $274,664 in CDBG funds. This grant was augmented with unexpended CDBG funds from the previous program year and $35,785 in program income for a total of $379,078. The City expended $351,278 of CDBG funds on a variety of activities that primarily benefited low- and moderate income residents. As in previous years, the City combined CDBG funds with other Federal, State, and local funding sources, including HOME, Califomia Housing Finance Agency (CalHFA) funds, the City's Lower Income Housing Funds, and General Funds. Our office has reviewed the City of Pleasanton's 2008 Consolidated Annual Performance Report (CAPER). Based upon our review of the CAPER, the Department's Integrated Disbursement and Information System (11)IS) data, and other available information, we have determined that the City effectiv orilizeil milt" firnds and other financial resources [o m r its annual ousing an communit develo a ment ob'ectiv s. We have also determined that the City as m. e significant progress toward meetin_ its five -year goals and erfonnance outcomes. :r 1 1 1 y o easanton emonstrate Its continuing capacity to administer f1"CDBG programs in the face of difficult economic times and implemented housing and non- housing programs in accordance with the requirements of the Housing and Community Development Act. The City of Pleasanton has also been successful in meeting the CDBG expenditure standards as evidenced by the fact that as of the June 30, 2008, deadline, the 1.19 balance in the Page 22 of 23