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ATTY/RESO.0065/CC RESO APPROVING AFFORDABLE HOUSING FUND ALLOCATION GUIDELINES <br />REV: 06-19-18 PR <br />Page 4 of 5 <br /> <br />EXHIBIT A <br /> <br />Affordable Housing Allocation Fund Guidelines <br /> <br /> <br />Priorities <br />1. Acquisition of existing multifamily housing for conversion to deed-restricted <br />affordable housing <br />2. New construction of affordable housing including site acquisition for development <br />of affordable housing <br />3. Acquisition and rehabilitation of existing multifamily housing for conversion to <br />deed restricted affordable housing <br />4. Rehabilitation of existing deed-restricted affordable housing <br />5. Refinance of existing deed-restricted affordable housing to preserve affordability <br /> <br />Process <br /> <br />The City will issue a Notice of Funding Availability (“NOFA”) and Request for Proposals <br />(“RFP”) each December for the Affordable Housing Fund and the Housing and Human <br />Concerns Committee (“HHCC”) will conduct the initial public review of the proposals <br />received through the NOFA/RFP process. The HHCC will determine which proposals <br />most closely meet the City funding priorities, goals and objectives and make their funding <br />recommendations to City Council, after the Planning Commission confirms the proposed <br />projects conceptually conform to the City’s General Plan. <br /> <br />Exceptions <br /> <br />Exceptions to the Guidelines may be considered by the City on a case by case basis to <br />7.A. - Page 14