The purpose of the Housing Development and Preservation Program is to foster an inclusive and balanced community by promoting and facilitating rental housing that is affordable to very low and low-income households, and ownership housing that is affordable to primarily moderate-income households.
The City has done well in creating a level of affordable housing that constitutes approximately 15% of the City's housing stock. Program staff evaluate proposals from local housing providers requesting financial assistance and / or other development incentives from the City for construction of new rental or ownership housing or to preserve existing rental housing. Housing developed or preserved in partnership with the City remains affordable for 90 years pursuant to an agreement recorded against the title.
For further information about the Housing Development and Preservation Program, call (805) 564-5461.