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Quarterly Report for Housing Division Projects and Activities <br />September 7, 2021 <br />Page 7 <br />on September 9, 2021 and is expected to close on their financing before June <br />2022. <br />Regional Housing Needs Assessment <br />Housing projects that have been approved, permitted, or received a certificate of <br />occupancy after June 30, 2021, may be counted towards the 6t" Regional Housing Needs <br />Assessment (RHNA) Cycle (October 2021 to October 2029). Below is a summary of our <br />progress to meet our 6t" RHNA Cycle requirements for affordable housing: <br />Very Low Income <br />Low Income <br />Moderate Income <br />RHNA Allocation <br />606 <br />362 <br />545 <br />Pipeline Projects <br />414* <br />529 <br />2 <br />Remaining RHNA <br />192 <br />-167 <br />543 <br />* 281 units are for extremely low income households (0 — 30% AMI) <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. <br />EXHIBIT(S) <br />1. Available Funds for Affordable Housing Development Projects <br />2. Available Land Assets for Affordable Housing Development <br />3. Project Timelines <br />Submitted By: Steven A. Mendoza, Assistant City Manager <br />Approved By: Kristine Ridge, City Manager <br />City Council 15 — 7 9/7/2021 <br />