3B Public Hearing 2010 0419 - Laserfiche WebLink

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obtaining community input from key stakeholders before finalizing its Homeless Plan. Also, City staff serve on the Everyone Home Leadership Board. The City of San Leandro supports homeless and special needs service providers with CDBG funds. During FY 2010-11, the City will help fund operating costs for programs that provide homeless services. Over the years, the City has continued to support agencies such as the San Leandro Shelter for Women and Children (for homeless and victims of domestic abuse) and Davis Street Family Resource Center (a community social service center) to provide such homeless services. The City will also continue to support services that help prevent homelessness: landlord/tenant counseling, fair housing services, and the Rental Assistance Program (which offers security deposit or delinquent rental payment assistance to eligible households with hardship issues). The City will also support the implementation of the Everyone Home Plan by providing funds for county-wide administration expenses for Continuum of Care and HMIS. OTHER PROGRAMS To implement its housing and community development goals, the City continues to seek out funding opportunities generated from federal, State, and local sources as well as public and private sources. HUD Section 108 Loan Guarantee Program In Apri12009, the City submitted its HUD Section 108 Loan Guarantee Program Application for $2.5 million which is needed to complete the construction of the City's new senior center. In the application, the City pledges future CDBG funds to repay the $2.5 million loan over 20 years. City staff estimates that the annual average loan repayment (principal plus interest) will be $173,500 with the interest payments declining over time as the principal balance is paid down. However, the application is still following the required multiple steps that will formalize the application into a final loan. The City anticipates beginning the repayment in FY 2010-11, but HUD-DC has not provided its formal confirmation of the status of the loan nor has HUD-DC provided the City with the repayment schedule. Neighborhood Stabilization Program (NSP1) The City of San Leandro, jointly with the cities of Berkeley, Fremont, Livermore, and Union City, has been awarded $2,230,495 in Neighborhood Stabilization Program (NSP) funds. Signed into law in July 30, 2008 under the Housing and Economic Recovery Act of 2008 (H.R. 3221), this program, is designed to help address the nation-wide foreclosure crisis by providing funds for local governments to purchase vacant and foreclosed properties located throughout the participating jurisdictions. With the City of Livermore acting as the "lead agency", the cities have selected Hallmark Community Solutions as the program contractor selected to acquire, rehabilitate, and resell the foreclosed and abandoned properties. Neighborhood Stabilization Program Round 2 (NSP2~ Under the American Recovery and Reinvestment Act of 2009 which was signed into law on February 17, 2009, additional funding was provided for the Neighborhood Stabilization Program Round 2 (NSP2). The Program provides targeted assistance to state and local governments to Action Plan - FY2010-2011 City of San Leandro Page 14