3A Public Hearing 2009 0921 - Laserfiche WebLink

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4) Funds Used for National Objectives All of the CDBG funds were used for activities benefiting very low-, and low-income persons. Most of the funds were used for two (2) of CDBG's national objectives: provide a suitable living environment and decent housing. The City also used Redevelopment funds to preserve and improve housing stock through its Housing Rehabilitation Program and to assist eligible homebuyers under the First Time Homebuyer Program. The City's Office of Business Development primarily creates projects for economic opportunity using Redevelopment Agency funds. 5) Acquisition, Rehabilitation or Demolition of Occupied Real Property City staff discussed housing development opportunities with several developers seeking funding and sites. After receiving $4 million loan from the City, Eden Housing, Inc. has begun constructing the 51-unit affordable senior property. In addition, the Housing and Economic Recovery Act (HERA) of 200$ created the Neighborhood Stabilization Program (NSP), which was designed to help address the nation-wide foreclosure crisis by providing local governments with funds to purchase vacant and foreclosed properties. The City of San Leandro was classified as "Tier 2" jurisdiction and was eventually awarded $559,007. Pursuant to HUD and the State of California Housing & Community Development (HCD) requirements, the City collaborated with other Tier 2 cities, specifically the City of Berkeley, Fremont, Livermore, and Union City, to submit to State of CA HCD a collective, joint NSP Application to obtain a total of $2,230,495 in NSP funds. This application was submitted prior to the June 15, 2009 deadline. The City of Livermore, acting as the lead agency on behalf of all the other cities, is awaiting official approval of the joint application. These NSP funds will be used to fund financing mechanisms and the acquisition and rehabilitation of foreclosed homes and residential properties in the five (5) cities. Lastly, there was no demolition of occupied real property through use of CDBG or HOME funds during FY 2008-09. 6) Economic Development Activities Undertaken Where Jobs Were Not Taken. No economic development activities were undertaken with CDBG funds in FY 2008-09 where jobs were made available for low-income persons. 7) Activities Serving Limited Clientele City staff tracked and verified income data and all activities serving limited clientele not falling within presumed benefit categories. Reports were monitored by the City to assure that at least 51 % of the persons served had low/moderate-incomes (at or below 80% of the area median income). 8) Program Income There was no program income in FY 2008-09. Consolidated Annual Performance and Evaluation Report FY 2008-2009 City of San Leandro Page 32