Reso 2005-046 - Laserfiche WebLink

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families are facing an increasing risk of becoming homeless, are doubled up in overcrowded conditions and/ox are paying high percentages of their incomes for housing. In addition, the subsidized rental housing developments in the County, and in San Leandro as well, have lengthy waitil~g lists. According to the Alameda County Housing Authority (as of February 2005), there are 6,689 Section 8 vouchers in use in the County of which 1,154 (or 17%) are in San Leandro. The County Housing Authority cautions eligible households on the waiting list that the wait may be at a nunimum of three years. In 2001, the County Housing Authority received over 12,700 wait list applicants of which 3,500 were selected and placed on wait list through a lottery. In April of 2004, HUD implemented a policy change in how national funding allocation for housing authorities that is budget-based, in contrast to actual market conditions. The result of this policy change has been the termination by many housing authorities to eligible renters, although the County Housing Authority has been able to avoid this negative impact to date. The future consequence of this policy could result in a lack of new housing vouchers and an increase in low income renters needing affordable housing. Objectives Increase the number of affordable rental units for extremely low, very low, low and moderate income households through construction of new units, acquisition and rehabilitation ofmultifamilyproperty and the City's Inclusionary Zoning Ordinance (which the City passed in December 2004). The City will leverage funding from HOME, CDBG, Redevelopment Housing Set-Aside, federal and State low income housing tax credits, tax-exempt bonds, and any other available public or private resource to meet this objective. Accomplishments New Construction of Affordable Housing on Opportunity Sites Continue to work with private and non-profit developers to create affordable rental housing on opportunity sites using HOME, CDBG, Redevelopment Housing Set-Aside, Low Income Housing Tax Credits, and other federal and State and private funding. The City proposes to build 80 new affordable rental units in the next five years. Inclusionary Zoning Ordinance Requires that developers of new rental and ownership housing City-wide must make at least 15% of the units affordable to low- and moderate-income households. Prior to the adoption of the Inclusionary Zoning (IZ) Ordinance, the City only required developers to set-aside 15% of their new housing units as affordable in the three Redevelopment Project Areas. The City also recently enacted a Density Bonus Ordinance to allow developers an increase in overall tuiit density if they choose to exceed the 1S% minimum affordable housing set-aside requirements. Over the next five years, the City anticipates creating SO affordable rental units through inclusionary zoning. Acquisition and Rehabilitation Program ^ Continue to work with private and non-profit developers to create affordable rental housing on existing Housing and Community Development Strategic Plan - FY 2005-09 City of San Leandro Page 7