CITY COUNCIL REGULAR MEETING AGENDA PACKET

Page 12 of 13 oversee a portion of the available funding—up to $2 billion –through a separate Notice of Funding Availability, with more information coming later this year. While the $20 Billion Bay Area Housing Finance Authority (BAHFA) Affordable Housing Bond, a general obligation bond measure for the production and preservation of affordable housing, was recently withdrawn from the upcoming November 5 general election ballot in all nine Bay Area counties, it is expected that BAHFA will continue to work diligently to get this bond measure on the 2026 ballot, which could be a meaningful source of funding for a Pleasanton affordable rental housing project. Public Agency and Non-Profit Partnerships Finally, there may be opportunities to partner with outside organizations to facilitate an affordable housing project. For example, religious/faith-based institutions (churches) own several large sites in Pleasanton that could be potential housing sites. Religious organizations are often mission-aligned with addressing poverty and homelessness in the community and have frequently served as partners to either locate services (e.g., a food pantry was operated at the Muslim Community Center during COVID), or to donate or lease sites for affordable housing. As described above, Goodness Village was constructed on the CrossWinds Church property, and the Vineyard 2.0 project located at the site of the Vineyard Christian Fellowship, both in Livermore. Another potential partner is PUSD, who, during the Housing Element process, expressed interest and a commitment to supporting the construction of affordable teacher housing as part of the redevelopment of its downtown property. While no recent discussion has been held with the School District on this concept, several recent State laws could help facilitate this type of housing. These include SB1413 (The Teaching Housing Act), AB 2295 which permits school district employee housing “by right” on district-owned property, and AB 1157, which relieves school districts of certain requirements under the Surplus Land Act when using property for affordable teacher housing, Private Development Partners In addition to the above public/religious institution partners, the City will continue to implement its Inclusionary Zoning Ordinance and, through that mechanism, may be able to pursue public/private partnerships with private owners of large, vacant, or underutilized land suitable for housing development. For example, if the owners of properties in East Pleasanton or at Stoneridge Mall are required to collectively provide a significant number of affordable housing units, there may be an opportunity to partner with the City or an affordable housing developer to build a clustered affordable housing project, within the subject property or elsewhere. While the expectation would be that developers would fully meet their obligations under the IZO, a partnership with the City could help to deepen affordability or increase the number of units built, beyond the basic requirements of the Ordinance. Page 77 of 90