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• Emergency Solutions Grants (ESG) Program: This program provides funding for cities, <br />counties, and states to engage homeless individuals and families living on the street; <br />improve the number and quality of emergency shelters for homeless individuals and <br />families; help operate these shelters; provide essential services to shelter residents; <br />rapidly rehouse homeless individuals and families; and prevent families/individuals from <br />becoming homeless. <br />• HOME Program: Participating jurisdictions may use HOME funds for a variety of housing <br />activities, according to local housing needs. Eligible uses of funds include tenant -based <br />rental assistance; housing rehabilitation; assistance to homebuyers; and new construction <br />of rental housing. HOME funding may also be used for site acquisition, site improvements, <br />demolition, relocation, and other necessary and reasonable activities related to the <br />development of non -luxury housing. Funds may not be used for public housing <br />development, public housing operating costs, or for Section 8 tenant -based assistance, <br />nor may they be used to provide non-federal matching contributions for other federal <br />programs, for operating subsidies for rental housing, or for activities under the Low -Income <br />Housing Preservation Act. Pleasanton is a member of the Alameda County HOME <br />Consortium that consists of the County of Alameda as the lead agency for the Urban <br />County consisting of Albany, Dublin, Emeryville, Newark, Piedmont, and the <br />Unincorporated County, and the cities of Alameda, Fremont, Hayward, Livermore, <br />Pleasanton, San Leandro, and Union City. <br />• Low -Income Housing Preservation and Residential Home Ownership Act <br />(LIHPRHA): This program requires all eligible HUD Section 236 and Section 221(d) <br />projects at risk of conversion to market -rate rentals from mortgage pre -payments be <br />subject to LIHPRHA incentives, which include subsidies to guarantee an eight percent <br />annual return on equity. <br />• Low-income Housing Tax Credit: Administered through the California Tax Credit <br />Allocation Committee (TCAC), the Low -Income Housing Tax Credit (LIHTC) subsidizes <br />the acquisition, construction, and rehabilitation of affordable housing by providing a tax <br />credit to construct or rehabilitate affordable rental housing for low-income households. <br />• Section 108 Loan Guarantee Program: Allows CDBG entitlement jurisdictions to <br />leverage their annual grant allocations to access low-cost financing for capital <br />improvement projects. Eligible activities include housing, economic development, public <br />facility, and infrastructure. This program is often used to catalyze private investment in <br />underserved communities or as gap financing. <br />• Section 202 Supportive Housing for the Elderly Program: Provides an interest-free <br />capital advance to cover the costs of construction, rehabilitation, or acquisition of very low- <br />income senior housing. The program is available to private, nonprofit sponsors; public <br />sponsors are not eligible for the program. <br />• Section 811 Project Rental Assistance: HUD offers long-term project -based rental <br />assistance through a NOFA published by the California Housing Finance Agency <br />(CaIHFA). <br />Housing Resources City of Pleasanton I G-7 <br />