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PART I. RESOURCES This section provides a brief description of the federal, State, local, and private resources available to implement the City's FY 2010-2011 Action Plan. FEDERAL Community Development Block Grant (CDBG) Funds As a CDBG entitlement locality, the City of San Leandro directly receives CDBG funds annually from the U.S. Department of Housing and Urban Development (HUD). During FY 2010-11, the City of San Leandro received a grant in the amount of $785,872. Program income from repayment of housing loans is estimated to be $0, but unallocated funds are estimated to be $10,405.34. HOME Investment Partnership (HOME Funds HOME provides flexible funding to states and local governments for affordable housing programs and activities for low-income households. HOME funds can be used to acquire, rehabilitate, and construct affordable housing, as well as to provide tenant-based assistance for income-eligible families. The City received $345,247 in HOME funds through the Alameda County HOME Consortium for FY 2010-11 and has $340,601 in remaining HOME funds from previous years. HUD Section 8 Housing Voucher Program The Housing Authority of Alameda County administers the HUD Section 8 Housing Voucher Program for San Leandro. As of February 2010, there are approximately 1,331 San Leandro households with Section 8 housing vouchers. The City will support the Housing Authority in its efforts to maintain the current level of vouchers for eligible San Leandrans. Low-Income Housing Tax Credits (Federal) Low-Income Housing Tax Credits are available through a federal allocation to the State government. Developers can apply to the State for an allocation, but it is a highly competitive process. The tax credits are syndicated to corporations in exchange for project equity. Tax credits are a large component of any affordable housing project and are a significant resource. Continuum of Care SuperNOFA As part of the Homeless Continuum of Care Council, the City supports agencies serving the San Leandro homeless population in their application for funding under the annual SUPER NOFA, issued by HUD for supportive housing and Shelter Plus Care programs. STATE State Housing and Community Development (HCD Programs State HCD has a variety of affordable housing programs to assist eligible local governments. Proposition 1 C, the State's housing bond which passed November 2006, provides funding for HCD programs. The Governor's Homeless Initiative is an interagency effort to reduce homelessness. Funding through the Governor's Homeless Initiative assists with the development of permanent supportive housing for persons with severe mental illness who are chronically Action Plan - FY2010-2011 City ojSan Leandro Page 5