City Council

4.1 AT-RISK AFFORDABLE HOUSING AND COMMITTED\nASSISTANCE FOR PRESERVATION ACTIVITIES\nACTION:\n1) Conduct the public hearing.\n2) Adopt - A RESOLUTION OF THE CITY COUNCIL OF THE\nCITY OF IRVINE, CALIFORNIA, MAKING THE FINDING AS\nREQUIRED BY THE CALIFORNIA DEPARTMENT OF\nHOUSING AND COMMUNITY DEVELOPMENT THAT\nAFFORDABLE RENTAL UNITS EXPIRING DURING THE 6TH\nCYCLE HOUSING ELEMENT PLANNING PERIOD ARE\nELIGIBLE FOR CITY COMMITTED ASSISTANCE AND ARE\nREASONABLY EXPECTED TO CHANGE FROM HOUSING\nAFFORDABLE TO LOW- AND VERY LOW-INCOME\nHOUSEHOLDS TO ANY OTHER USE DUE TO\nTERMINATION OF SUBSIDY CONTRACTS, MORTGAGE\nPREPAYMENT, OR EXPIRATION OF RESTRICTIONS ON\nUSE\n4.1