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housing objectives of the San Leandro Redevelopment Agency 2004-09 ementation Plan, City of San Leandro Housing Element, City Housing iegy for 2003-06 and the U.S. Department of Housing and Urban Development ~) 2005-2009 Consolidated Plan address the underserved housing needs of ;eholds and families in San Leandro. One of the primary goals in these City ;ing plans is to provide programs that foster and maintain affordable housing. Agency is a crucial funding source and has effectively leveraged set-aside s with other sources in cooperation with non-profit developers and the City in wing these goals. Pursuant to Health and Safety Code Section 33080.1(c), ble Agency-assisted housing activities for FY 2008-09 include: (Construction for the 51-unit affordable senior rental housing complex called iEstabrook Place at 2103 E. 14th Street is underway. The Agency approved a $2 'million loan in July 2007 to the nonprofit Eden Housing, Inc., who is the project developer and owner. The units will be affordable to very low income seniors. Construction and lease-up are expected to be completed in Spring 2010. The Agency approved a $9.1 loan to BRIDGE Housing Corporation in April 2009 to construct a 100-unit affordable rental housing development tailed The Alameda at San Leandro Crossings adjacent to the Downtown BART Station. The project represents affordable housing for very low income households and will primarily serve larger households/families. BRIDGE is part of an executed Memorandum of Understanding with Westlake Development Partners, BRIDGE Housing, BART and the City of San Leandro for amulti-phased, mixed use, transit-oriented master development project called the San Leandro Crossings. The Alameda represents Phase 1 of the San Leandro Crossings master plan. BRIDGE has leveraged the $9.1 Agency loan with federal low income housing tax credits for The Alameda and $24 million in State Proposition 1C funding for a BART replacement garage and needed infrastructure. Eleven (11) low interest loans and twenty-nine (29) grants were awarded through the Residential Rehabilitation Program, which is funded by Set-Aside Funds. Of the 11 loans, five (5) were for extremely low-income households, and six (6) were for very low-income households. Also, nine (9) of the loans were for seniors. Of the 29 grants for minor home repairs, seventeen (17) were for extremely low- ' income, eleven (11) were for very low-income, and one (1) was for low-income E households. Nineteen of the grants were for seniors. Achievement Information (Unaudited) Page 6 12117/2009'