3A Public Hearing 2010 0315 - Laserfiche WebLink

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While the City does not have affordable housing properties that are "at-risk" of conversion in the next five (5) years, the City recognizes the importance of preserving the affordability of potential "opt-out" units so that they do not convert to market-rate housing; thus preserving the current supply of below market rental housing. As affordability restrictions expire, an increasing number oflower- incometenants are burdened with steep rent increases or axe even displaced outright which result in the increased risk of homelessness or overcrowding conditions. Therefore, the City will continue to be proactive in preserving the affordability of these below market rate units. 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°/Q) 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, and preserve the ownership housing stock. The program is funded with Redevelopment Housing Set-Aside funds. Approximately twenty-five (25) low income housing units will be assisted fiver the next five (5) 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, exterior yard clean-up, accessibility improvements, seismic retrofit, and security locks. Grants through Redevelopment Housing Set-Aside funds are available to very low- and law-income homeowners. Approximately seventy-five (75) low income housing units will be assisted over the next five (5) years. Mobile Home Grant Program ^ The Mobile Home Grant Program provides grants from Redevelopment Housing Set-Aside funding for rehabilitation or seismic retrofitting of owner-occupied mobile home units. The maximum grant is $5,000. The program will assist approximately twenty-five (25) mobile home units occupied by very low income owners over the next five (5) years. Apartment Rehabilitation Program ^ The Apartment Rehabilitation Program preserves affordable rental units using Redevelopment Housing Set-Aside funds. The Redevelopment Agency of San Leandro may provide on a case-by-case basis low-interest loans to property owners to rehabilitate their rental properties, and in return the owners maintain a percentage of their rental units as affordable units for fifty-five (55) years. It is estimated that approximately ten (10) rental DRAFT Housing and Community Development Strategic Plan - FY 2010-14 City of San Leandro Page 9