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funding awarded will be through competition. Funds will be available for multifamily housing projects (MHP), homebuyer programs (CalHome) and housing rehabilitation (CalHome). The City could consider applying for one of these grants, if eligible, to supplement funds from the sources used in this Plan. California Housing Finance Agency (CaIHFA) has a program called HELP that provides up to $1 million per grant awarded for housing programs. It is also a competitive process and the City could consider applying for a specific project. LOCAL • The Redevelopment Agency estimates Housing Set-Aside tax increment revenues for 2003-04 in the amount of $1,250,440 plus $3,367,028 for a total of $4,617,468 in the Set Aside Fund Balance which would be used for housing programs and projects identified in the housing strategy. State redevelopment law requires redevelopment agencies to set aside 20% of the tax increment to provide affordable housing. These funds will compliment the HOME funds in implementation of the housing strategies for the Housing Element, Consolidated Plan and Redevelopment Implementation Plan. • The City anticipates allocating $305,000 from the general fund for social services programs during the fiscal year. The CDBG funds will be used to provide expanded or different social services. • The City plans to use general fund money to fund the Rent Review Board that assists landlord and tenants to mediate rent increases. • The City has an Affordable Housing Incentives Program the provides financial incentives to developers who guarantee a portion of their housing development will be affordable to persons of low or moderate income housing. • The State's new second unit law will provide increased opportunities for creating affordable units. The City is evaluating its existing policies to determine conformance with the new law. PRIVATE • The Redevelopment Agency policy requires private housing developers in redevelopment project areas to provide 15% of the units in their project at rents or sale prices that would be affordable to moderate and very low income families • A City ordinance requires developers of projects with more than 20 multi-family units to provide 10°I° of the units for low to moderate-income families. • Local lenders, under the Community Reinvestment Act (CRA), participate with the City in providing homebuyer counseling services and loans to first time homebuyers. • Nonprofit Resources Nonprofit housing developers and social service providers are a critical resource for accomplishing the objectives of the five-year Strategy. The following table lists the nonprofit housing developers and service providers who will be used to implement the Annual Plan: Action Plan FY2003 City of San Leandro Page 6