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City Programs to Remove Constraints <br /> <br />Cities have developed programs to remove some of the above <br />constraints in order to provide incentives for affordable housing. <br />The State legislature has also given cities the legal authority <br />to develop zoning incentives for this type of housing. Presented <br />below are some of the constraints and their remedies which the <br />City of Pleasanton is likely to undertake. These programs are <br />also included in the housing program summary in the appendix. <br /> <br />Constraint <br /> <br />1) High Financing Cost <br /> <br />2) Land Costs/Tract <br /> Improvements <br /> <br />3) Growth Management System <br /> <br />4) Zoning <br /> <br />Remedy <br /> <br />1) City has established a mortgage revenu~ <br />bond program to provide below market mort- <br />gage financing for first time homebuyers <br />in Pleasanton. <br /> <br />2) City has available federal landbanking <br />funds and its own housing fund to subsi- <br />dize land costs and/or tract improvements <br />for qualifying housing projects. <br /> <br />3) Program has built-in exemptions for <br />lower-income housing & small apartment <br />complexes. <br /> <br />4) City may allow density bonuses, assist <br />in any necessary zoning or general plan <br />changes, and waive standard processing <br />requirements (to the extent legally' <br />possible). <br /> <br />-102- <br /> <br /> <br />