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City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2021
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101921
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10/13/2021 2:18:54 PM
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10/13/2021 2:14:47 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
10/19/2021
DESTRUCT DATE
15Y
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• No Place Like Home Program: This program invests in the development of permanent <br />supportive housing for persons who are in need of mental health services and are <br />experiencing homelessness, chronic homelessness, or who are at risk of chronic <br />homelessness. <br />• National Housing Trust Fund: This program provides deferred payment or forgivable <br />loans for the construction of permanent housing for extremely low-income households. <br />The required affordability covenant is for 55 years. <br />• Permanent Local Housing Allocation (PLHA) Program: This program provides a <br />permanent source of funding to all local governments in California to help cities and <br />counties implement plans to increase affordable housing stock. Funding for this program <br />is provided through a $75 recording fee on real estate transactions. <br />• Predevelopment Loan Program (PDLP): This program provides financing to cover pre - <br />development costs to construct, preserve, or rehabilitate assisted housing. <br />• Supportive Housing Multifamily Housing Program (SHMHP): This program provides <br />low interest deferred loan payments to developers building affordable rental housing that <br />contain supportive housing units. <br />• Transit -Oriented Development (TOD) Housing Program: This program provides low- <br />interest loans as gap financing for higher density affordable rental housing within one- <br />quarter mile of transit stations. Grants are also available to localities and transit agencies <br />for infrastructure improvements necessary for the development of specified housing <br />developments or to facilitate connections between these developments and the transit <br />station. The maximum total award amount for a single project is $15 million. <br />Transitional Housing Program (THP): This program provides funding to counties for <br />child welfare services agencies to help young adults aged 18 to 25 years find and maintain <br />housing, with priority given to those formerly in the foster care or probation systems. <br />Veterans Housing and Homelessness Prevention Program (VHHP): This program <br />supports the acquisition, construction, rehabilitation, and preservation of affordable multi- <br />family housing for veterans and their families. <br />Federal Resources <br />Community Development Block Grant (CDBG): Federal funding for housing programs <br />is available through the U.S. Department of Housing and Urban Development (HUD). <br />CDBG funds may be used to provide a suitable living environment by expanding economic <br />opportunities and providing decent housing to low-income households (80 percent AMI). <br />The City is an entitlement jurisdiction that is allocated annual federal CDBG funds. The <br />City uses its CDBG funds for low-income service providers, such as Open Heart Kitchen <br />that provides meals to those in need. The City generally does not use CBDG funds for <br />housing -related activities. <br />Continuum of Care (CoC) Program: The Continuum of Care (CoC) Program is designed <br />to promote communitywide commitment towards ending homelessness. It provides <br />funding to nonprofits, state, and local governments to provide shelter and services to <br />people experiencing homelessness. <br />G-6 I City of Pleasanton Housing Resources <br />
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