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HOUSING The housing objectives of the San Leandro Redevelopment Agency 2004-09 Implementation Plan, City of San Leandro Housing Element, City Housing Strategy for 2003-06 and the City's U.S. Department of Housing and Urban Development (HUD) 2005-2009 Consolidated Plan address the underserved housing needs of households and families in San Leandro. One of the primary goals in these City housing plans is to provide programs that foster and maintain affordable housing. The Agency is a crucial funding source and has effectively leveraged set-aside funds with other sources in cooperation with non-profit developers and the City in achieving these goals. Pursuant to Health and Safety Code Section 33080.1(c), notable Agency-assisted housing activities for FY 2007-08 include: • Using Housing Set-Aside Funds, the Agency, working in partnership with the non-profit affordable housing developer, Mercy Housing California, completed construction of the former Islander Motel a 68-unit affordable apartment complex on East 14th Street renamed Casa Verde. The 67 affordable units for very low income renters were fully leased and will be operated by Mercy Housing. • The Agency also approved a $2 million loan in July 2007 to the nonprofit Eden Housing, Inc., for the construction of a 51-unit affordable senior housing complex on East 14th Street at the corner of Estabrook Street. The units will be affordable to very low income seniors. The City also approved $2 million in federal HOME Program and City Affordable Housing Trust Fund monies to this project. Construction is expected to begin in early 2009. • The Agency entered into a Memorandum of Understanding with Westlake Development Partners, BRIDGE Housing, BART and the City of San Leandro for a 700 unit transit-oriented development project with 15% designated for low and very low 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 needed infrastructure. • Eleven (11) low interest loans and twenty-one (21) grants were awarded through the Residential Rehabilitation Program, which is funded by Set-Aside Funds. Of the 11 loans, two were for extremely low-income, five for very low-income, and four for low-income households. Also, four of the loans were for seniors. Of the 21 grants for minor home repairs, twelve were for extremely low-income, eight for very low-income, and one for low-income households. Sixteen of the grants were for seniors. • Administration of the City's First Time Homebuyer (FTHB) Program (as well as the City-wide Inclusionary 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. ~i i~