Reso 2000-058 - Laserfiche WebLink

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Strategic Plan — FY 2000 -FY 2004 City of San Leandro Page I 1 of 35 Multifamily Management Assistance Program (MMAP) • Continue the Multifamily Management Assistance Program for owners and managers of rental properties. The MMAP education program is provided in conjunction with the Rental Housing Owners Association of Southern Alameda County. The purpose of the program is to provide technical training and assistance to rental property owners and managers on all aspects of rental property management. One session of the program is dedicated to fair housing laws and Section 8 Certificates and Vouchers. Approximately 125 owners and managers are expected to attend the training. Apartment Rehabilitation Program • Continue the Apartment Rehabilitation Program to create affordable units. Using Redevelopment Housing Set -Aside funds, the Agency will provide low- interest loans to property owners in return for the owner maintaining 30% of the units at a reduced rent rate for a specified period. In addition, the Agency will provide incentive grants for exterior and seismic upgrades. It is estimated that approximately 60 units will be created over the next five years, of which 30 -50% will be affordable to very low- and low- income persons. ABHOW Senior Facility • Completion of an affordable senior housing facility which will create 26 low- and /or very low- income units. This project will be funded using Redevelopment Set -Aside funds a Section 108 loan, a Section 202 loan and private funds. It is anticipated that this project will be completed within the next two years. New Construction of Affordable 1-lousing on Opportunity Sites • Continue to work with private and non -profit developers to create affordable rental housing on opportunity sites using Redevelopment Agency Housing Set -Aside , CDBG, HOME and other funding sources. Redevelopment Inclusionary Requirement • Requires that developers of housing in Redevelopment Project areas make at least 15% of the units affordable to low- and moderate- income households. Alternatively the developer may contribute to development of low- and moderate - income housing on other sites. Over the next five years, the City anticipates creating 46 below market rate ownership units (Ryland and Cherrywood projects) and 26 below market rate rental units (ABHOW project).