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<br />PART I. RESOURCES <br /> <br />This section provides a brief description of the federal, State, local and private resources <br />available to implement the City's FY 2007-08 Action Plan. <br /> <br />FEDERAL <br /> <br />Community Development Block Grant (CDBG) Funds <br />As a CDBG entitlement locality, the City of San Leandro directly receives CDBG funds annually <br />from the U.S. Department of Housing and Urban Development (HUD). During FY 2007-08, the <br />City of San Leandro will receive a grant in the amount of $755,414 and program income from <br />repayment of housing loans estimated at $0, as well as unallocated funds in the amount of <br />$46,945. <br /> <br />HOME Investment Partnership (HOME) Funds <br />HOME provides flexible funding to states and local governments for affordable housing <br />programs and activities for low income households. HOME funds can be used to acquire, <br />rehabilitate and construct affordable housing, as well as provide tenant-based assistance. The <br />City will receive $301,625 in HOME funds through the Alameda County HOME Consortium for <br />FY 2007-08 and have $1,244,045 in remaining HOME funds from previous years. <br /> <br />HUD Section 8 Housing Voucher Program <br />The Housing Authority of Alameda County administers the HUD Section 8 Housing Voucher <br />Program for San Leandro. As of February 2007, there are approximately 1,293 San Leandro <br />households who receive Section 8 housing vouchers. The City will support the Housing <br />Authority in its efforts to maintain the current level of vouchers for eligible San Leandrans. <br /> <br />Low-Income Housing Tax Credits (Federal) <br />Low-Income Housing Tax Credits are available through a federal allocation to the State <br />government. Developers can apply to the State for an allocation, but it is a highly competitive <br />process. The tax credits are syndicated to corporations in exchange for project equity. Tax <br />credits are a large component of any affordable housing project and are a significant resource. <br /> <br />Continuum of Care SuperNOF A <br />As part of the Homeless Continuum of Care Council, the City supports agencies serving the San <br />Leandro homeless population in their application for funding under the annual SUPER NOF A, <br />issued by HUD for supportive housing and Shelter Plus Care programs. <br /> <br />STATE <br /> <br />State Housing and Community Development (HCD) Programs <br /> <br />State HCD has a variety of affordable housing programs to assist eligible local governments. <br />Many of its programs were funded from Proposition 46, a housing bond passed by State voters in <br /> <br />Draft Action Plan - FY2007-08 <br />City of San Leandro <br />Page 3 <br />