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Reso 2006-039
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Reso 2006-039
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12/12/2006 2:04:30 PM
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12/12/2006 2:04:24 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
5/1/2006
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<br />including those from the Redevelopment Agency Housing Set-Aside Program. <br /> <br />MATCHING PLAN <br /> <br />Matching requirements of federal programs, such as HOME, will be satisfied with non-federal <br />sources. The HOME Program requires a 25 percent (25%) match to HOME-assisted projects. <br />Eligible sources of match include the value of waived fees, value of donated land, and cash from <br />a non-federal source such as Redevelopment Housing Set-Aside funds. <br /> <br />PUBLICLY-OWNED LAND <br /> <br />The City's Redevelopment Agency acquired the building and land formerly known as the <br />Islander Motel, which will be utilized for affordable housing. The Islander Motel Revitalization <br />Project will use only Redevelopment funds, so no HUn funds will be involved in this projec-j <br />The City or the Agency may consider purchasing other land, which would be "banked" for a <br />housing project this fiscal year or in the near future. <br /> <br />Action Plan ~ FY2006-07 <br />City of San Leandro <br />Page 6 <br />
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