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Appendix G: Housing Resources There are a variety of resources available to support the City in implementation # of its housing strategy, landowners and developers seeking to provide housing, and residents in need to housing assistance in Pleasanton. The following section contains a list of financial, administrative, and other resources to help the City address its housing needs. Availability of these resources is dependent on governmental priorities, legislation, and continued funding, which may be subject to change at any time. Financial and Administrative Resources Local Resources Lower -Income Housing Fund (LIHF): The City's collects affordable housing fees from all residential and commercial office or industrial development projects unless exempt by Municipal Code 17.40.040 (e.g., projects that provide affordable housing consistent with the inclusionary housing requirements are exempt). 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. Down Payment Assistance (DPA) Program: In 2004, the City introduced the DPA program, which currently offers $100,000 in down payment assistance 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 DPA 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 low, very low, and extremely 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 $10,000 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 improvements (e.g. Housing Resources City of Pleasanton I G-1