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<br /> <br />Orange County 213 25-29 Regional AFH <br /> <br />F. Fountain Valley <br />Issue: Disproportionate Housing Needs <br />Housing cost burden is an issue for renters throughout Orange County, including Fountain Valley . <br />Contributing Factors: <br />1. Stigma associated with Housing Vouchers: A large percentage of rental households in <br />Fountain Valley spend more than 30 and 50 percent of household income on monthly rent and <br />utilities. While this may be due in part to residents being willing to pay more for access to high <br />performing school districts, there may also be a stigma associated with the use of Housing <br />Vouchers, both by property owners and tenants. <br />2. Lack of additional housing options. The City’s housing supply has not increased at a rate <br />commensurate with regional demand, driving costs higher and limit housing choices for <br />existing residents looking to remain in Fountain Valley (adult children eager to move out of <br />their parent’s house and older adults looking to downsize) and potential new residents looking <br />for more affordable options in Fountain Valley. <br />Actions: Timeframe: <br />Expand voucher use by 50 tenants by 2028, and extend affordability term of 70 <br />units in the Guadalupe Manor an additional 20-30 years by 2029, through the <br />following actions: <br /> <br />1. Coordinate with OCHA to generate a detailed understanding of where <br />overpayment rates are highest in the city (as of latest available Census data), <br />where vouchers are and are not used, and how many tenants could potentially <br />qualify at each multifamily property in target areas. <br />By 2028 <br />2. Update Development Code consistent with state law and produce residential <br />project flow-chart and/or informational sheets, consistent with SB 35 and SB <br />330. <br />By 2026 <br />3. Coordinate with OCHA and FHCOC to develop an outreach plan and materials <br />to communicate the benefits of vouchers. <br />By 2026 <br />4. Complete study of options to augment/adjust affordable housing preservation <br />program for possible application of funds for those overpaying. <br />By 2026 <br />5. Distribute outreach materials through means that reach target populations <br />(e.g., those receiving subsidized school lunches). Conduct direct outreach to <br />five properties (tenants and owners) in Census Tracts illustrating high rates of <br />rental overpayment. <br />By 2026 <br />6. Secure extended affordability for Guadalupe Manor through at least 2058. By 2029 <br /> <br />EXHIBIT 6