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<br /> <br />Page 11 of 13 <br /> <br />Other Locally-Controlled Funding Sources <br />In addition to the LIHF funds, there are several other local resources within the City’s control <br />that could be allocated to support affordable housing development in Pleasanton, including: <br /> <br />HOME Investment Partnerships (HOME) Program <br />Pleasanton participates in the Alameda County HOME Consortium along with the cities of <br />Alameda, Fremont, Hayward, Livermore, San Leandro, Union City, and Alameda County <br />Urban County (consisting of the cities of Albany, Dublin, Emeryville, Newark, Piedmont, and <br />unincorporated Alameda County). Consequently, the City is a HOME Subrecipient that <br />receives a HOME allocation annually from the County of Alameda, which is a HOME- <br />entitlement jurisdiction. The City has allocated its HOME funds to affordable housing <br />developments such as Kottinger Gardens Phase 1 and Promenade Apartments in the past; <br />however, in recent years, this funding has been allocated to housing programs. Pleasanton’s <br />FY2024/25 HOME allocation is approximately $122,000 – because of the relatively modest <br />funding allocation, Pleasanton has historically used HOME funds toward housing programs, <br />such as the Rapid Rehousing program that provides short-term rental assistance that is a <br />gradually reducing rental subsidy and services with the goal of helping people obtain housing <br />quickly, increase self-sufficiency, and stay housed. <br /> <br />Alameda County Measure A1 Funds <br />As previously noted, Pleasanton’s Base City Allocation from the 2016 $580 million countywide <br />Measure A1 Bond was $13,720,684. The City allocated $4.46 million to Kottinger Gardens <br />Phase II and $7,195,844 to Sunflower Hill. City staff is coordinating with Alameda County staff <br />to allocate the remaining $552,772 remaining balance to the construction of a 2-bedroom, 2- <br />bath Accessory Dwelling Unit (ADU) for Tri-Valley REACH and its Pleasanton clients with <br />developmental and intellectual disabilities. The Measure A1 funds have all essentially been <br />expended. However, Alameda County Housing & Community Development is assessing the <br />possibility of placing another initiative on the 2026 ballot to extend the Measure A1 bond funds. <br />This could potentially be another viable funding source for an affordable rental housing project <br />in Pleasanton. <br /> <br />Homekey+ <br />The California State Housing and Community Development (HCD) department plans to use <br />$2.2 billion in funding from the passage of Proposition 13 to expand on the success of its <br />Homekey Program. HCD is working toward releasing a Notice of Funding Availability (NOFA) <br />in late 2024, accepting applications in early 2025, and announcing awards in summer 2025. <br /> <br />Other Potential Funding Sources <br />In March 2024, California voters passed Proposition 1, which includes the Behavioral Health <br />Services Act (Senate Bill 326) and the Behavioral Health Infrastructure Bond Act (BHIBA) of <br />2024 (Assembly Bill 531), authorizing a $6.38 billion general obligation bond to help provide <br />treatment, housing, and care facilities for Californians experiencing mental health conditions <br />and substance use disorders. The Department of Housing and Community Development will <br /> <br />3 Proposition 1 was a two-part general obligation bond measure that was approved by California voters on March <br />5, 2024. It allocated $2.2 billion to fund supportive housing for veterans and individuals at risk of or experiencing <br />homelessness with behavioral health challenges. <br />Page 76 of 90