CITY COUNCIL REGULAR MEETING AGENDA PACKET

Page 2 of 13 programs and policies aimed at directly creating affordable housing throughout the city for various populations and needs, including the following: • Program 1.5: Acquire and/or assist in the development of one or more sites for housing affordable to lower-income households, including a focus on extremely low-income households. Specific actions the City will undertake to pursue this effort include […]: 5. When land becomes available to the City, reserve suitable sites for non-profit organizations to build below-market rate housing that includes a mix of unit sizes, including a proportion of three-bedroom units for large households (if the project is not age-restricted), in addition to smaller units for smaller households. To encourage a high proportion of affordable units on such sites, the City may issue a Request for Proposals in conjunction with non-profit or for-profit housing developers for development providing at least 20 percent of the units to very low- income households and 20 percent of the units to low-income households. 6. Facilitate funding of site acquisition and project construction for appropriate sites through strategies such as issuance of tax-exempt bonds, and other financing mechanisms, to finance the construction of housing units affordable to extremely low-, very low- and low-income households, to purchase land for such a use, and to reduce mortgage rates. • Policy 2.1: Use the Lower-Income Housing Fund (LIHF) to support the production of and access to extremely-low, very-low, and low-income households with a range of specific allowable uses of the LIHF listed, ranging from providing seed money or supplemental funding for projects funded with state and federal grants; purchase of land and construction, housing rehabilitation, and other direct and indirect assistance to renters and homebuyers. • Program 2.9: Seek County, State and Federal assistance for the development of housing to meet the housing needs of households with extremely low, low and very low incomes as well as those with disabilities. • Program 2.11: The City will analyze and explore State programs and/or potential public/private partnerships with major employers to acquire existing market-rate housing units or develop new housing units to create moderate or workforce housing (available to households with incomes at 80 percent to 120 percent of AMI). • Program 5.2: Continue to dedicate funding and staff resources to support regional and subregional efforts to address homelessness. Ongoing programs may include […..]: 2. Allocating funding as available and as opportunities arise, to support innovative programs to provide shelter to homeless individuals. • Program 5.5: Assign a portion of the City’s Lower-Income Housing Fund for housing projects which accommodate the needs of special housing groups such as for persons with physical, mental and/or developmental disabilities, and persons with extremely low incomes and experiencing homelessness. Page 67 of 90