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• Strategic Plan — FY 2000 -FY 2004 City of San Leandro Page 13 of 35 Many low- income homeowners cannot afford the substantial costs involved in rehabilitating their homes. In Alameda County's Owner Rehabilitation Program the average cost of major rehabilitation projects is $30,000 per unit. The program has seen a steady increase in costs in recent years as the cost of building materials and labor increases. According to the CHAS data book compiled for the1995 Consolidated Plan, there are 38,575 elderly homeowner households in the HOME Consortium area; of those households, close to 31% were extremely low- and low- income households. The significant rehabilitation needs of the low- and moderate - income owner- occupied stock makes programs to preserve that supply a priority. According to the California Housing Partnership Corporation, there are nineteen projects with 1,110 project -based Section 8 rental units within Consortium jurisdictions that will face conversion to market - rate rents in the next five years (FY 00 -04). The Alameda County Subsidized Housing Inventory (1997) found that between 1993 and 1995 there was a 9% reduction in affordable restricted rental units for very low - income families and a 16% reduction in affordable restricted units for extremely low- income families. This indicates that very low- income families are facing an increasing risk of becoming homeless, are doubled up in overcrowded conditions and/or are paying precariously high percentages of their incomes for housing. Unless action is taken to preserve the affordability of these units, they will convert to market -rate housing. Given the large unmet affordability needs in the county, even with the current supply of below- market rate rental housing, it is essential that the current supply be preserved. Objectives Maintain programs to preserve and improve existing housing units affordable to low- and moderate - income households. Leverage available funding from CDBG Program, Redevelopment Housing Set - Aside and other funding sources to meet this objective. • Accomplishments Support Section 8 Assistance Certificates and Vouchers • Continue to support the Housing Authority of Southern Alameda County which administers the Section 8 Assistance Certificate and Voucher Program in Southern Alameda County, including San Leandro. The program provides assistance to low- income tenants through rent subsidies which are paid directly to the landlord. It is anticipated that the Housing Authority will issue approximately 150 new certificates and vouchers to low- income households in San Leandro over the next five years. •