Reso 2000-058 - Laserfiche WebLink

Home

Action Plan • FY2000 City of San Leandro Page 8 LOCAL • Redevelopment Tax Increment Funds: The City has four redevelopment areas, one of which is a joint City- County Redevelopment Area. Twenty percent of the tax increment revenues collected are set -aside to support various programs for the development and preservation of low- and moderate- income housing. General Funds for Social Services: The City of San Leandro provides general funds to support the Community Assistance Program which provides operational funds to nonprofit social service agencies serving San Leandro residents. Local Tax Revenues: Funds may be used for a variety of community development- related areas to provide facilities and services. PRIVATE Community Reinvestment Act (CRA): Local lenders are encouraged to provide favorable lending terms for projects which involve the provision and /or rehabilitation of affordable rental and ownership housing. LEVERAGLNG PLAN AND MATCHING PLAN For all housing and community development activities, San Leandro will support applications by other entities to all public and private sources of financing. In the case of matching requirements for a funding source, San Leandro will use for a match such sources as local redevelopment funds; local affordable housing trust funds; local road funds; private donations; services funded by the State, City, and foundations; other local agency funds; and publicly - owned land. PUBLICLY -OWNED LAND The City of San Leandro Redevelopment Agency has the ability to acquire land as needed for the purposes of development projects which may include retail, commercial, industrial or residential uses. There are currently no parcels identified for carrying out the activities as listed in the Action Plan for FY 2000 -01.