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ADMINISTRATIVE REVIEW DRAFT Policies and Actions Implementation Strategies Policy 56.02 REHABILITATION OF RENTER -OCCUPIED HOUSING STOCK Implement measures that assist the owners of multi -family • Annual HOME and rental projects in maintaining their properties and improving CDBG Funding the quality of rental apartments. These measures should • Housing Programs include rehabilitation assistance, and acquisition/ (Apartment Rehab) rehabilitation programs in which the long-term affordability • Redevelopment Project of rental units is assured. Funding Action 56.02 A: Apartment Rehabilitation Program Continue the Apartment Rehabilitation Program funded through HOME, CDBG, and local redevelopment agency set -asides. This program provides technical and financial assistance to the owners of rental properties to rehabilitate substandard units. The following specific actions related to this program should be pursued: • Rehabilitation of the Surf Apartments on Tropic Court (HOME and Redevelopment Agency funding), with the condition that at least 50 percent of the units are affordable after completion. • Funding to rehabilitate and/or acquire and rehabilitate additional apartment complexes in the City by 2006 • Potential measures to expand the apartment rehabilitation program to include small, single family homes that are rented out, where such homes are in deficient condition, in need of repair, and will remain as affordable rental units after rehabilitation. • Measures to ensure that rental units created through this program remain affordable in the event that loans are paid off early. Policy 56.03 TENANT RETENTION IN REHABILITATED PROJECTS Ensure that the City's apartment rehabilitation program • City Operating includes relocation provisions for displaced tenants, and Procedures measures which ensure that former tenants can be re -housed • Housing Programs in the rehabilitated units. Policy 56.04 EXPANDED LANDLORD PARTICIPATION Promote the expanded participation of local landlords in • Public Education and rental housing rehabilitation programs. Explore incentives Outreach and public information tools to generate interest in these programs. Policy 56.05 "AT RISK" RENTAL UNITS Develop programs to preserve affordable housing in projects Program Development with affordability restrictions that will expire during the next 10 years. HOUSING ELEMENT 6-15 JAN I""' A4 c.