CITY COUNCIL REGULAR MEETING AGENDA PACKET

Page 6 of 13 2) Units Secured based on Requirements of the Inclusionary Zoning Ordinance Adoption of the IZO in 2000 instituted a requirement for all larger residential developments to provide an increment of affordable housing, with other projects subject to payment of a fee. The City often negotiated the specifics of the affordable units provided through the IZO, and on occasion opted to collect fees or offer other flexibility to projects for compliance with the Ordinance. This was most often seen in for-sale projects, and since recent rental housing projects have individually tended to comprise a larger total number of units, the majority, although not all, units secured through the IZO are rental units. Today, there are more than 300 inclusionary units within a range of market-rate projects including at Park Hacienda (2001), Civic Square Apartments (2011), Anton Hacienda (2015), Galloway at Owens (2016), Mason Flats (2016), and Galloway at Hacienda (2017). 3) Affordable Housing Projects, Developed through Public/Private Partnerships This final set of projects was generally achieved with some contribution of City resources or support. This has included projects with ground leases of City-owned property, supported by local funds from the City’s Lower Income Housing Fund (LIHF), federal HOME funds, or regional Measure A1 funds, as well as federal and state Low-Income Housing Tax Credit (LIHTC) financing. Projects developed through such partnerships include Kottinger Gardens Phase 1 (a 2017 redevelopment of an existing affordable senior housing project), Kottinger Gardens Phase 2 (2019), and the Sunflower Hill project (2020), which was a site donated to the City as part of the Irby Ranch subdivision and developed with a ground lease and financial support from the City as well as a range of other funding sources. Generally, properties developed by market-rate (for-profit) developers have a mix of market- rate and BMR units (e.g., Park Hacienda, Civic Square, Anton Hacienda, Galloways, and Mason Flats). In contrast, those properties owned and managed by nonprofit developers and/or through ground lease arrangements are typically 100% affordable (e.g., Ridge View Commons, Kottinger Gardens, and Sunflower Hill). The City has also contributed funds to support affordable rental housing development outside of Pleasanton. In 2003, the City provided a $80,000 loan using federal HOME funds to support the construction of Lorenzo Creek Apartments, a 28-unit affordable rental housing community for formerly homeless and individuals with disabilities in Castro Valley. More recently, funding has also been provided to support projects in Livermore, including the Goodness Village and Vineyard 2.0 transitional housing projects. Target Populations Served in City-Supported Housing Projects Of the16 deed-restricted properties in Pleasanton, 7 properties, with approximately 660 units (60% of the total) are for seniors 62 years and older in 100% affordable developments, while the remaining units (40% or 413 units) are inclusionary units for non-seniors in mixed-income developments. As described above, these 100% senior affordable projects have historically been supported through ground leasing of City-owned land to the developments: deed-restricted senior Page 71 of 90