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BAHBA Agreement FY 2010-11 3 June 21, 2010 <br />City Council Committee Review and Action <br />N/A <br />Applicable General Plan Policy <br />Housing Element, Goa155: First Time Homebuyer Opportunities -provide opportunities for low <br />and moderate income San Leandro households to become homeowners. <br />Housing Element, Policy 55.03: Inclusionary Housing -require the inclusion of affordable <br />housing in new housing developments -both inside and outside of the redevelopment project <br />areas. Modify existing inclusionary housing ordinances as needed to make these requirements <br />clearer and more effective. <br />Permits and Variances Granted <br />N/A <br />Environmental Review <br />N/A <br />Code Compliance Review <br />N/A <br />Board/Comission Findings <br />N/A <br />Summary of Public Outreach Efforts <br />N/A <br />Fiscal Impact <br />The contractual services agreement with BAHBA shall not exceed $49,900 to administer both <br />the FTHB and 1H/BMR Programs. <br />Budget Authority <br />The adopted FY 2010-11 City of San Leandro Budget approved $49,900 in Redevelopment <br />Housing Set-Aside Funds for administrative costs under the First Time Homebuyer Program <br />(Account No. 965-85-005-5120). <br />CONCLUSION <br />Staff recommends that the Redevelopment Agency adopt the resolution approving a contractual <br />services agreement with Bay Area Homebuyer Agency for $49,900 to administer the First Time <br />Homebuyer and Inclusionary Housing/Below Market Rate Ownership Programs for FY 2010-11. <br />