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obtain community input from key stakeholders before finalizing its Homeless Plan. Also, City staff will serve on the Everyone Home Leadership Board. The City of San Leandro supports homeless and special needs service providers with CDBG and General Funds. During FY 2008-09, the City will help fund operating costs for programs that provide homeless services. Over the years, the City has continued to support agencies such as the San Leandro Shelter for Women and Children (for homeless and victims of domestic abuse) and Davis Street Family Resource Center (a community social service center) to provide such homeless services. The City will also continue to support services that help prevent homelessness: landlord/tenant counseling and fair housing services funded by CDBG funds and the Rental Assistance Program (which offers security deposit or delinquent rental payment assistance to eligible households with hardship issues) funded by the General Fund. The City will also support the implementation of the Everyone Home Plan by providing funds for County staff expenses associated with the Plan. OTHER PROGRAMS To implement its housing and community development goals, the City will continue to seek out funding opportunities generated from federal, State, and local sources as well as public and private sources. HUD Section 108 Loan Guarantee Program Application for Senior Center The HUD Section 108 Loan Guarantee Program is a debt financing program through the CDBG Program to help communities leverage CDBG dollars for community development or revitalization activities such as economic development, capital improvements, and housing rehabilitation. Local governments which utilize the Section 108 loans must pledge current and future CDBG allocations (or other local funding sources) as security for the loan. HUD's formula for calculating how much a local government may borrow under Section 108 is five times its latest CDBG entitlement grant minus any outstanding Section 108 principal loan balances. The City has currently has an outstanding Section 108 loan for the land acquisition relating to the Broadmoor Plaza affordable senior rental housing development. HUD recently calculated that the City currently has the capacity to apply for up to $2.85 million in Section 108 loan funds. The City is preparing a Section 108 loan application for $2.5 million, which is needed to complete the construction of the City's new senior center in FY 09-10. The senior center is a high priority in the City's current Five Year HUD Consolidated Plan and furthers the CDBG national objective of benefitting low- and moderate income persons, particularly seniors. The City will pledge future CDBG funds to repay the $2.5 million loan over 20 years. City staff estimates that the annual average loan repayment (principal plus interest) will be $173,500 with the interest payments declining over time as the principal balance is paid down. The City does not project any program income from the senior center. The draft Section 108 loan application will be available for public review and comment on the City website and at City Hall and the Main Library fora 30 day period (March 20 -April 20, 2009), and Council will review the final application on April 20, 2009. Draft Action Plan - FY2009-IO City oJSan Leandro Page 14