CITY COUNCIL REGULAR MEETING AGENDA PACKET 4-21-26

Page 2 of 3 ongoing funding of rental subsidies (Rapid Rehousing Program) and the City's Housing Rehabilitation Loan program. DISCUSSION With the start of a new three-year term in FY 2027-29 (beginning July 1, 2027), the County has requested that each participating jurisdiction renew its participation in the Consortium by renewing its cooperative agreement. HUD regulations require the agreements to be in place at least one year before the start of the fiscal year. The updated agreement is included as Attachment 2. It is substantially the same as the current agreement and would confirm Pleasanton's continued participation as a member of the Alameda County HOME Consortium for the next three fiscal years (2027, 2028, and 2029). Pleasanton would continue to receive a formula allocation of HOME funds, expected to be approximately $130,000 per year based on recent allocations, but which will vary each year with federal funding trends. The cooperative agreement designates Alameda County as the lead agency and representative member of the Consortium, as required by HUD. The City Manager would continue to serve as the City's designated recipient for all communication regarding the HOME program. The City's Housing Manager would continue to attend bi-monthly meetings of the HOME Technical Advisory Committee (TAC), a committee composed of representatives from all jurisdictions in the Consortium that reviews funding proposals and provides recommendations on policies and spending priorities. The term of the agreement would be three fiscal years (July 1, 2027, through June 30, 2030), the minimum period allowed by HUD. As with the prior agreement, the renewed agreement would authorize the City Manager to take all necessary administrative actions to carry out the City's participation in the HOME Consortium during the next three years. Specific decisions regarding the use of HOME funds would still be subject to review and approval by the City Council. In addition to making the City eligible to receive HOME funds, one of the continued benefits of the City's participation in the HOME Consortium is the partial fulfillment of the City's obligation under HUD's Consolidated Plan strategy. Since the 1990s, the City has participated jointly with the Consortium to submit the five-year Consolidated Plan and annual Action Plan to HUD. These detailed documents are required for both the HOME and CDBG programs. Participation in the Consortium promotes coordination of housing and community development efforts throughout the county and reduces the administrative burden on individual jurisdictions by allowing the submittal of consolidated planning and reporting documents to HUD. EQUITY AND SUSTAINABILITY The action directly implements the Housing Element that serves as the City’s strategy for addressing its housing needs for residents at all income levels. Housing Element Policy 3.3 preserves the affordability of restricted units affordable to extremely low-, very low-, and low- income households for the longest term feasible, including requiring units to be deed-restricted in perpetuity whenever allowable, to minimize the risk of affordable units being converted to market-rate housing over time. Page 46 of 846