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Alameda Countywide Homeless and Special Needs Housing Plan 81 Securing Resources for Supportive Housing The federal government provides the major share of the funding for affordable housing but state and local financing and funding sources are important components as well. Federal and state agencies administer several programs that support permanent supportive housing. Federal and state funding is combined with local funding to finance permanent supportive housing projects. The State of California also has a program that provides loans to develop supportive housing. Known as the Multifamily Housing Program (MHP), it was created by California Proposition 46, but will have been completely allocated by 2007. On the local level, redevelopment agencies are one of the largest sources of funding after the federal government; state law requires that redevelopment agencies spend 20 percent of their property tax increment revenues on low- and moderate-income housing. In Alameda County, local funds from various sources typically comprise up to one-third of the total development financing. Local housing authorities can also be key partners in supportive housing, because they issue and manage Section 8 rental assistance vouchers. Most local housing authorities also own and manage public housing. Public housing authorities can set local preferences that target specific subsets of eligible populations, including those targeted in this plan. County and city departments of health, behavioral health, and social services provide funding for the range of services needed by residents. Private foundations, corporations, individuals, and faith- based and service organizations also contribute funding and volunteers to support housing and service activities.lOl Estimate of Funding Needed to Achieve the Plan's Supportive Housing Goals Creating 15,061 units of affordable and supportive housing is an ambitious goal. As outlined in the section above, this goal will be achieved through a combination of development and rental subsidies, providing funding for ongoing operations and needed support services. Due to the limited availability of housing stock in Alameda County, we propose developing-through either new construction or acquisition and rehabilitation--{)ne-third of the total units needed (4,970) and securing long-term master leases for the remaining two thirds (10,091) in the private rental market. Given the length of time it takes to secure units and the costs associated, we propose a timetable that stretches over 15 years, through 2020. Table 6 and Table 7 on the following pages outline the various aspects of housing production and leasing, the number of units of various configurations, level of services offered, and estimated funding needed to develop and operate the housing, as well as offer on-site services. All cost estimates in the tables are stated in 2005 dollars and have not been adjusted for inflation. IDI California Research Bureau, Addressing Long-Term Homelessness: Permanent Supportive Housing, pp. 21-25. Available online: www.library.ca.gov/crb/03/12/03-0l2.pdf(Accessed June 13,2005).