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Program 24.1: Monitor at-risk assisted projects which become <br /> eligible to terminate affordable controls, and provide technical <br /> assistance to tenant organizations which may be interested in <br /> purchasing the units. <br /> <br /> Responsible Agency <br /> ..,:p tmcnt <br /> <br /> Time Period: <br /> ..-'.,e, ......~ ........Ongoing <br /> Funding Source: <br /> <br />1996 EVALUATION: Objective partially met. Continue Program. The City continues to <br />monitor "at-risk" projects. While no assistance has been requested from tenant organizations, <br />the City has been active in other ways, such as participation in bond re~nancing to extend <br />affordability terms. <br /> <br /> Program 24.2: Assist in the identification of potential purchasers <br /> of at-risk units such as resident councils, the City, other public <br /> agencies, and non-profit organizations. <br /> <br /> Responsible Agency: Ci-T <br /> Time Period: o__:__:_. 1992 -'-n~ Ongoing <br /> Funding Source: ~,x^. ^ __,:--~-,~ General Fund <br /> <br />1996 EVALUATION: Objective partially met. Continue Program. The City has begun to take <br />a role in ensuring the long-term affordability of Pleasanton Greens, which will become eligible <br />to pre-pay its HUD loan in 1996. The City will work with Community Housing Parmership <br />Corporation to identify alternatives, although it is possible that the present owner will not seek <br />to opt out of existing affordability requirements. <br /> <br /> Program 24.3: Provide grants or direct technical assistance where <br /> appropriate to management groups and non-profit organizations <br /> capable of acquiring and managing at-risk projects. <br /> <br /> Responsible Agency: City Council <br /> Time Period: v^~:--:-- ~nn,', ._,~ Ong <br /> ,,~ ......~, ........ oing <br /> Funding Source: Low-Income Housing Fund, <br /> Tax-Exempt Bonds, and <br /> Federal and State Programs <br /> <br /> 32 <br /> <br /> <br />