Reso 2005-046 - Laserfiche WebLink

Home

Many low-income homeowners cannot afford the substantial casts involved in rehabilitating their homes. In Alameda County's Owner Rehabilitation Program, the average cost of major rehabilitation projects is $35,000 - $45,000 per unit. The program has seen a steady increase in costs in recent years as the cost of building materials and labor increases. Through the Census 2000, there are 62,172 elderly homeowner households in the HOME Consortium area; of those households, approximately fifty percent (50%) are how- income and thirty-two percent (32%) are considered very low to extremely low income. In San Leandro, there are 5,721 elderly homeowner households; of those households, approximately fifty-seven percent (57%) are low-income and thirty-eight percent (38%) are considered very low to extremely low income. The significant rehabilitation needs of the low- and moderate-income owner-occupied stock, particularly those belonging to low income elderly owners, makes programs to preserve that supply a priority. According to the California Housing Partnership Corporation (as of November 2004), there are thirty-two projects with 2,443 project-based Section 8 or other HUD-financed rental units within Consortium jurisdictions that may face conversion to market-rate rents in the next five years. This indicates that very low-income families are facing an increasing risk of becoming homeless, are doubled up in overcrowded conditions and/or are paying high percentages of their incomes for housing. Unless action is taken to preserve the affordability of these units, they may convert to market rate housing. Given the large urnnet affordability needs in the County, even with the current supply of below market rate rental housing, it is essential that the current supply be preserved. Objectives Maintain programs to preserve and improve existing affordable rental and ownership housing for low and moderate-income households. Leverage available funding from HOME, CDBG, Redevelopment Housing Set-Aside, Low Income Housing Tax Credits, and any other available public or private funding sources to meet this objective. Accomplishments Single Family Housing Rehabilitation Program ^ This program provides low interest (3%) loans up to a maximum of $35,000 to rehabilitate low income owner-occupied units (includes 1 to 4 unit owner-occupied buildings), correct deficiencies andpreserve the ownership housing stock. The program is funded with Redevelopment Housing Set-Aside funds. Approximately 25 low income housing units will be assisted over the next five years. Minor Home Repair Program The City's Minor Home Repair Program provides grants ranging from $1,000 to $5,000 for minor home repairs including exterior paint, clean-up, accessibility improvements, seismic retrofit and security locks, Grants through Redevelopment Housing Set-Aside funds are available to very low and low income homeowners. Approximately 200 low income housing units will be assisted over the next five years. Housing and Community Development Shategic Plan- FY 2005-09 City of San Leandro Page 9