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MEMORANDUM <br />Date: September 20, 2024 <br />To: Mayor and City Council <br />From: Gerry Beaudin, City Manager <br />Ellen Clark, Community Development Director <br />Subject: City-Supported Affordable Housing: Background Memorandum <br />Introduction <br />The City has a long-standing commitment to supporting the provision of affordable housing in <br />Pleasanton, providing direct and indirect financial and other support for numerous projects and <br />programs over past decades. More recently, the City Council has expressed interest, reflected <br />in the ONE Pleasanton Strategic Plan and in a range of policies and programs in the 6th Cycle <br />Housing Element, to more proactively advance a program that would support the construction <br />of affordable housing units in Pleasanton. <br />To provide more context on the range of options available when considering how to effectively <br />direct such a program and deploy the resources available to the City, this memorandum <br />provides: <br />•A summary and overview of affordable housing development in Pleasanton over time, <br />including units provided with City financial and other assistance; <br />•An overview and some case studies of the projects and housing types that have been <br />successfully produced or secured with local funding assistance; and <br />•Strategies and financial resources available to facilitate affordable housing production. <br />ONE Pleasanton Strategic Plan and Housing Element Alignment <br />ONE Pleasanton Strategic Plan <br />The City Council adopted the City’s first five-year citywide strategic plan, ONE Pleasanton, in <br />October 2023. The ONE Pleasanton strategic plan includes Goal E: Building a Community <br />Where Everyone Belongs, which includes strategies around developing a plan to end <br />homelessness, increasing opportunities for shelter and affordable housing in Pleasanton, and <br />even more particularly, establishing a partnership with a non-profit developer to secure a site <br />and develop an affordable housing project. <br />2023-2031 Housing Element <br />The 2023-2031 City Council adopted, and State-certified Housing Element includes several <br />ATTACHMENT 1 <br />Page 66 of 90