3A Public Hearing 2009 0406 - Laserfiche WebLink

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As part of the implementation of the NSP and consistent with HUD's guidelines, HCD has identified jurisdictions eligible to receive State NSP funds in the following three tiers: Tier 1 Direct Allocations - HCD will exclude those jurisdictions that received an allocation from HUD either directly or indirectly through an Urban County agreement. All other jurisdictions are eligible for consideration. However, HCD will limit the minimum allocation under Tier 1 to $1 million. Tier 2 Joint or Cumulative Allocations -HCD will allow jurisdictions that did not receive allocations in Tier 1, due to the minimum threshold of $1 million, to apply for funds if they combine with other jurisdictions through a joint agreement to meet this threshold. Tier 3 Allocations for the 50-Percent Targeted Income Group -HCD will distribute 25 percent of the California allocation plus up to 5 percent for general administrative costs to cities and counties that can meet HUD's requirement for housing targeted to households at or below 50 percent of area median income, provided the applicant has met the threshold of $1 million required under Tier 1 and Tier 2. Each Party is located in Alameda County and has been identified by HCD as an eligible jurisdiction to receive a portion of the State NSP Funds as follows: ELIGIBLE JURISDICTIONS ELIGIBLE FUNDS BY CITY TIER 2 Cities Alameda $113,566 Berkele $177,335 Fremont $638,964 Livermore $356,115 San Leandro $559,007 Union Cit $499,074 Total: $2,344,061 The total cumulative amount of NSP funds available to the eligible Participating Public Jurisdictions is $2,344,061 ("Local NSP Funds"). The Parties desire to enter into this joint agreement to: reach the minimum dollar thresholds to participate in the NSP and receive the Local NSP Funds; identify the City of Livermore as the lead entity; identify the Cities of ,Alameda, Berkeley, Fremont, San Leandro and Union City as subrecipients; document that the subrecipients agree to participate in the lead entity's NSP program; document that this Agreement and the local entity's NSP program is covered by HCD's NSP requirements; and, ensure the Parties satisfy the State and Federal NSP requirements for the receipt and use of the Local NSP Funds. NOW THEREFORE, the City of Livermore and the Cities of Alameda, Berkeley, Fremont, San Leandro and Union City hereby agree that the aforementioned recitals are true and correct, and in recognition of the mutual consideration provided herein, further agree as follows: NSP Joint Agreement Page 2