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3A Public Hearing 2007 0416
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3A Public Hearing 2007 0416
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5/4/2007 12:37:43 PM
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4/13/2007 9:18:55 AM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
4/16/2007
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_CC Agenda 2007 0416
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\City Clerk\City Council\Agenda Packets\2007\Packet 2007 0416
Reso 2007-052
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\City Clerk\City Council\Resolutions\2007
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<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 />FY 2002-03. Currently, most of this funding has been exhausted. However, Proposition IC, <br />which passed November 2006, will help maintain and provide new funding for HCD programs. <br />The Multifamily Housing Program (MHP) provides low-interest loans for affordable rental <br />housing projects. A fairly new resource is the Governor's Homeless Initiative, which is an <br />interagency effort to reduce homelessness. Funding through the Governor's Homeless Initiative <br />assists with the development of permanent supportive housing for persons with severe mental <br />illness who are chronically homeless. This is a joint project of HCD, the California Housing <br />Finance Agency (CaIHFA), and the Department of Mental Health (DMH). The Governor's <br />Initiative provides various types of assistance: Deferred payment permanent loans under HCD's <br />MHP; construction, bridge and permanent loans from CalHF A; and limited grant funds for rental <br />assistance from DMH. <br /> <br />Mental Health Services Act (MHSA) <br /> <br />The passage of Proposition 63 (now known as the Mental Health Services Act or MHSA) in <br />November 2004 provided an opportunity for the Department of Mental Health (DMH) to <br />increase funding, personnel and other resources to support county mental health programs and <br />monitor progress toward statewide goals for children, transition age youth, adults, older adults <br />and families. The Act addresses a broad continuum of prevention, early intervention and service <br />needs. DMH contracts with county mental health departments (e.g., the Alameda County <br />Behavioral Health Care Services Department or BHCS) to develop and manage the <br />implementation of MHSA's provisions. BHCS began awarding contracts for implementation of <br />services in FY 2006-07. <br /> <br />Low-Income Housing Tax Credits (State) <br />State low-income housing tax credits are awarded in conjunction with federal low-income <br />housing tax credits to eligible affordable rental housing developments. State low-income housing <br />tax credits provide less equity funding than federal tax credits but still serve as vital financing. <br /> <br />California Housing Finance Agency (CaIHF A) <br />CalHF A provides a variety of tax-exempt bond financing for the creation and preservation of <br />affordable housing and first-time homebuyer programs. The HELP Program through CalHF A <br />provides competitive low-interest loans of up to $1.5 million each for housing programs. The <br />City could consider applying for a HELP loan to increase funding for a specific project. CalHF A <br />also offers a multitude of first-time homebuyer assistance programs to eligible homebuyers <br />through participating lenders. <br /> <br />Draji Action Plan - FY2007-08 <br />City of San Leandro <br />Page 4 <br />
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