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Affordable Housing
The Community Development Department implements and monitors the City’s Affordable Housing activities. The City has a number of different affordable housing programs with varying restrictions. The program also seeks to expand housing opportunities through various funding sources and partnerships with affordable housing developers. In addition, to ensure continuing affordability, the City monitors resale and rent activity of the City’s existing income-restricted units.
Assembly Bill 987 (AB 987)
Beginning January 1, 2008 State of California Law, Assembly Bill 987 required former Redevelopment Agencies to post on its website all properties that have affordable restrictions. This is now an obligation of the City as successor agency to the former Redevelopment Agency. State requires agencies to compile and maintain a database of affordable housing units developed or assisted with the agency’s Low- and Moderate-Income Housing Fund. In accordance with the provisions of AB 987, the database must provide specific information on existing, new, and substantially rehabilitated housing units developed or assisted with money from the agency’s Low- and Moderate-Income Housing Fund. View the Ownership or Rental Assistance Programs to learn more.
What is RHNA?
The Regional Housing Needs Allocation (RHNA) is mandated by the State Housing Law. RHNA is the process by which each community is assigned its share of the housing need for an eight-year period. This allocation consists of two steps. First, the California Department of Housing and Community Development (HCD) determines the total housing need for each region in the state. Second, as the Council of Governments, …[SCAG distributes]… this need to local governments. The RHNA identifies each jurisdiction’s responsibility for planning for housing, and is divided into four income categories that encompass all levels of housing affordability. Once it receives its RHNA, each local government must update the Housing Element of its General Plan to show how it plans to meet the housing needs in its community.” The Housing Element is then certified by the State of California Department of Housing and Community Development. Thousand Oaks’ RHNA for the eight-year 2021-2029 Housing Element cycle is 2,615 units.
