Agda Pkt 2025.06.09 Joint SA PFA

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Annual Action Plan 74 OMB Control No: 2506-0117 (exp. 09/30/2021) options for low- and middle-income residents, produce housing to meet Regional Housing Needs Allocation (RHNA) goals for moderate, low and very low-income residents, and partner on housing opportunities for unique populations. Additionally, the City's Housing Element is the primary tool for addressing the production and preservation of affordable housing and includes the list of comprehensive goals, policies and programs that will be implemented to increase the City’s affordable housing stock. In PY 2025, the City plans to take the following actions to foster and maintain affordable housing. x The City will continue to implement its over-the-counter Affordable Housing Preservation Program (HPP). HPP is currently funded with approximately $6.8 million from former Redevelopment Agency Low Moderate Income Housing Funds (LMIHF), housing impact fees, Permanent Local Housing Allocation (PLHA) and Prohousing Incentive Program (PIP) funds and is intended to support the conversion of market-rate housing into deed-restricted affordable housing and/or extending affordability for housing with expiring deed restrictions. The HPP responds directly to two main barriers to affordable housing preservation, as identified by stakeholders during community outreach for this program: providing a funding source for preservation and allowing developers to act quickly to acquire a property via over-the-counter funding process. The City received its first application in 2024 and has processed this application. The City expects to issue its first loan of $1.2 million in 2025. x The City will continue to implement its Affordable Housing Ordinance, which requires all residential development to provide 15-20% of the total units as affordable units for very low to moderate-income households or pay a fee in-lieu of providing affordable units. Additionally, the City has an affordable housing impact fee on all non-residential development to help mitigate the development’s impact on the need for affordable housing. The City’s Affordable Housing Ordinance continues to be very effective in producing affordable housing and generating funding for affordable housing. x The City plans to update the Affordable Housing Impact Fee Nexus Study, including studying incentives for extremely low-income units as part of the Affordable Housing Ordinance. The nexus study update will be conducted as part of the 21 Elements led countywide nexus study update. A request for proposals will be released in spring 2025. x In addition to supporting housing production and preservation activities, the City continues to fund fair housing services that provide education and outreach, discrimination investigation and tenant-landlord assistance. Separate from the CDBG 7.A. - Page 82 of 189 286