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Home Consortium Funds - 2 - April 21, 2008 <br />(FY09-11 agreement) <br />FY 2008-09. Program funds are allocated to units of general local government on the basis of a <br />formula that considers the relative inadequacy of each jurisdiction's housing supply, its incidence <br />of poverty, its fiscal distress, and other factors. <br />Communities that do not qualify for an individual allocation under the formula can join with one <br />or more neighboring localities in a legally binding consortium whose members' combined <br />allocation would meet the threshold for direct funding. San Leandro joins with seven other cities <br />in Alameda County and the Urban County in the Alameda County HOME Consortium. The <br />agreement assigns monitoring oversight to Alameda County HCD for which the City pays up to <br />five percent of its HOME allocation. In FY 2008, the City will contribute $16,626 of its <br />$303,519 HOME allocation to assist with County HCD administration costs. An agreement <br />between the City and County is required in order for the City to participate. <br />The agreement under City Council consideration at the April 21, 2008 meeting will continue the <br />City's participation in the Consortium and provide for the administration of the HOME Program <br />by Alameda County for FY 2009, 2010 and 2011. <br />Current City Council Policy <br />The City of San Leandro is currently a member of the Alameda County HOME Consortium. <br />Previous City Council Action(s) <br />The City Council approved the FY 2006-2008 Agreement between the City of San Leandro and <br />the Alameda County for Administration of HOME Consortium funds on May 2, 2005. <br />City Council Committee Review and Action <br />No Committee review is applicable. <br />Applicable General Plan Policy <br />Chapter 3, Goal 3: New Housing Opportunities-Provide housing opportunities and improve <br />economic access to housing for all segments of the community. <br />Permits and/or Variances Granted <br />Not Applicable. <br />Environmental Review <br />No environmental review is required. <br />Code Compliance Review <br />There are no Code Compliance issues. <br />Board/Commission Findings <br />Not Applicable. <br />