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PART I. RESOURCES This section provides a brief description of the federal, State, local and private resources available to implement the City's FY 2008-09 Action Plan. FEDERAL Community Development Block Grant (CDBG Funds As a CDBG entitlement locality, the City of San Leandro directly receives CDBG funds annually from the U.S. Department of Housing and Urban Development (HUD). During FY 2008-09, the City of San Leandro will receive a grant in the amount of $720,922 and program income from repayment of housing loans estimated at $0, as well as unallocated funds in the amount of $51,774. HOME Investment Partnership (HOME Funds HOME provides flexible funding to states and local governments for affordable housing programs and activities for low income households. HOME funds can be used to acquire, rehabilitate and construct affordable housing, as well as provide tenant-based assistance. The City will receive $303,504 in HOME funds through the Alameda County HOME Consortium for FY 2008-09 and have $141,966 in remaining HOME funds from previous years. The City has approved acquisition for a new senior facility with Eden Housing, Inc., an experienced non-profit developer based in Hayward, at a site on East 14`h Street for the new construction of 51 units of affordable rental housing for very low-income seniors. HUD Section 8 Housing Voucher Program The Housing Authority of Alameda County administers the HUD Section 8 Housing Voucher Program for San Leandro. As of January 2008, there are approximately 1,266 San Leandro households who receive Section 8 housing vouchers. The City will support the Housing Authority in its efforts to maintain the current level of vouchers for eligible San Leandrans. Low-Income Housing Tax Credits (Federal) Low-Income Housing Tax Credits are available through a federal allocation to the State government. Developers can apply to the State for an allocation, but it is a highly competitive process. The tax credits are syndicated to corporations in exchange for project equity. Tax credits are a large component of any affordable housing project and are a significant resource. Continuum of Care SuperNOFA As part of the Homeless Continuum of Care Council, the City supports agencies serving the San Leandro homeless population in their application for funding under the annual SUPER NOFA, issued by HUD for supportive housing and Shelter Plus Care programs. STATE State Housing and Community Development (HCD) Programs State HCD has a variety of affordable housing programs to assist eligible local governments. Proposition 1C, the State's housing bond which passed November 2006, provides funding for Draft Action Plan - FY2008-09 City oJSan Leandro Page 3