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The Agency entered into a Memorandum of Understanding with Westlake Development Partners, BRIDGE Housing, BART and the City of San Leandro fora 700 unit transit-oriented development project with 15% designated for low and very ]ow income housing. Housing Set- Aside funds will likely be allocated to the 100-unit affordable rental housing project, called San Leandro Crossings West, in the future. $24 million in State Proposition 1C funding has been received to assist in constructing a BART replacement garage and infrastructure improvements. • Administration of the City's First Time Homebuyer (FTHB} Program (as well as the City-wide Tnclusionary Housing Ownership Program created under the City's Inclusionary Zoning Ordinance adopted in December 2004) was transitioned to the non-profit Bay Area Homebuyer Agency (BAHBA) due to limited Agency staffing capacity and streamlining of the Agency homebuyer programs. The FTHB Program is funded by Set-Aside Funds. The Agency approved fifteen (15) loans under the FTHB down payment/closing cost assistance program which were a notable increase over the past few years, whereby the Agency had been approving an annual average of two (2) loans. Eight {8) of the total loans were for low-income and seven (7) for moderate-income first-time homebuyers. To meet the increased loan demand, the City Council approved $161,000 in additional Set-Aside Funds in January 2008 for the program. • Under the FTHB Program, the Agency sponsored three (3) free homebuyer education seminars for potential first-time buyers. Overall, there were 149 certificates cf completion awarded to households completing the seminars. Through BAHBA the City also provided free one-on-one homebuyer counseling to forty-nine (49) households [of which thirty-seven (37) were Iow- to moderate-income] who were San Leandro residents and/or employed in the City. The Agency executed one (1) inclusionary housing agreement with Arbor Place, a for sale development located on Hays Street and not in a redevelopment project area. With City approval, the Arbor Place developer transferred one (1) moderate income unit obligation to another of recently completed for-sale development called Toscani Place, which is located in the Plaza Redevelopment Project Area. In addition to the inclusionary homebuyer for the Toscani Place (via Arbor Place transfer) unit, there was only one (1) other new inclusionary unit purchased in a redevelopment project area. This latter moderate income unit was part of the Cherry Park Square for sale development approved in the previous year and located in the MacArthur/West San Leandro Redevelopment Project Area. LOOKING AHEAD: PROGRAM CONTTNTJATIONS AND CHANGES In Fiscal Year 2048-09, the following program changes are being proposed for the Redevelopment Agency, in addition to continuation of the projects mentioned in the previous Economic Development and Commercial Revitalization section: Plaza Project Area • The Agency continues to work with the private developer of Creekside Plata, the City's first Class A office complex, on predevelopment marketing of the expanded third and final building in the Creekside Plaza office complex. Construction is scheduled to begin in 2009.