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ALAMEDA COUNTY REDEVELOPMENT AGENCY - SAN LEANDRO JOINT PROJECT AREA MANAGEMENT'S DISCUSSION AND ANALYSIS JUNE 30, 2008 Redevelopment Proiects Predevelopment funding supports business development activities that could include property appraisals, site planning and market analysis for new commercial and residential development. A substantial increase in the Land Acquisition budget reflects the Agency's growing funding and desire to acquire land for commercial and affordable housing development projects. Neighborhood Improvement A substantial increase in the Enhanced Code Enforcement budget funded one, full-time code enforcement staff person to provide enhanced code enforcement activities in the Redevelopment Agency's commercial areas. Additionally, funds were allocated to support a County operated graffiti abatement program. Administration /HARD Passthrough/ Debt Service Staff and Agency operational costs, legal counsel, financial consultant work and membership and training with the California Redevelopment Association were included in the Administration budget item. The Joint Project Area budget included the annual passthrough payment to the Hayward Area Recreation District (HARD). The Eden Area budget includes a debt service payment for the $35M Eden Area Tax Allocation Bonds, Series 2006A, and the statutory passthrough payment to taxing entities. Housin Redevelopment law requires that 20 percent of the total tax increment be set aside for affordable housing within the project area. The Joint Project Area budget identified ahigh-density, mixed-use, ownership housing project to be located in the Ashland Cherryland Business District Specific Plan boundaries. Agency staff is pursuing the acquisition of property for this project. The Joint Project Area also funded a single family rehabilitation program. This program provides deferred and low interest loans to qualified low-income homeowners living in the Project Areas for rehabilitation of the homes. 10