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Program 24.6: Ccnt:..'=c W, ::=c, ur=ge ~ substantial <br /> private development of affordable housing through the Growth <br /> Management Program. <br /> <br /> Responsible Agency: City Council <br /> Time Period: Ongoing <br /> Funding Source: Not Applicable <br /> <br />1996 EVALUATION: Objective met. Continue Program. Since 1991, the City has used the <br />incentives in its Growth Management Program to encourage the construction of over 300 units <br />of affordable housing through private development (63 units built; 154 more units currently <br />under construction). In most cases, the City has provided other assistance such as fee waivers <br />and loans. The City will continue these efforts in the future. <br /> <br /> Program 24.7: Structure future rent-restriction contract <br /> agreements to allow the City the opporttmity to purchase or <br /> subsidize assisted units at the conclusion of the rent-restriction <br /> period. <br /> <br /> Responsible Agency: City Attorney <br /> Time Period: "~;--;-~ 1992 -"-nd Ongoing <br /> Funding Source: Her <br /> <br />1996 EVALUATION: Objective not yet met. Continue Program. This program will be <br />implemented in conjunction with future rent-restriction contracts. <br /> <br /> Program 24.8: Structure future rent-restriction contract <br /> agreements for all new assisted projects with limited time <br /> restrictions to minimize the displacement of tenants at the <br /> termination of the contract period. <br /> <br /> Responsible Agency: Cib' Cc, unc, il ~:i:~~ <br /> Time Period: '~-:-":"" 1992 =':~ Ongoing <br /> <br /> 1996 EVALUATION: Objective not yet met. Continue Program. This program will be <br /> implemented in conjunction with future rent-restriction contracts. <br /> <br /> 34 <br /> <br /> <br />