2A Work Session 2010 0913 - Laserfiche WebLink

Home

State, to facilitate a transit - oriented development, The Alameda, a proposed 100 -unit building for very low- and low - income households. 2. New Affordable Ownership Development: The Agency will help facilitate single family units typically built by for - profit developers with 15% of the units required to be for low- and moderate - income families through the City's Inclusionary Zoning Ordinance. 3. First -Time Homebuyer Program: The Agency will continue its First -Time Homebuyer Program to provide opportunities for low- and moderate - income households to become homeowners to an average of 10 homeowners a year between 2009 and 2014. Funds can be used toward down payment and /or closing costs with a maximum loan amount of $30,000. The Agency will help facilitate at least two first -time homebuyer seminars annually between 2009 and 2014. 4. Housing Rehabilitation Program: The Agency will achieve conservation of housing stock through its Housing Rehabilitation Program. The program has two components, home repair grants and housing rehabilitation loans. Grants are for low - income homeowners for minor home repair, mobile home repair, accessibility, exterior paint, exterior yard clean up and seismic strengthening. Low - interest loans are for major housing repairs such as roofing, plumbing, electrical, painting, and seismic safety. Loans have an annual simple 3% interest with no monthly payments but are paid upon sale of house, refinancing, or vacancy of premises by owner. The maximum loan amount is $35,000. Conservation also includes the continuation of the Apartment Rehabilitation Program which provides technical and financial assistance to the owners of rental properties to rehabilitate substandard units. This program's projected goals are to provide rehabilitation grant assistance to an average of 20 lower - income homeowners a year; loan assistance to an average of 10 lower - income homeowners a year; and, rehabilitate at least 100 units of rental housing through the apartment rehabilitation program, of which 30% of these units should be affordable to low- or very low - income households and at least 15 extremely low - income households. 5. Multi - family Rental Housing Rehabilitation: Depending upon the availability of LMHF, the Agency will work with landlords and /or developers to rehabilitate existing multifamily rental properties to preserve or create new affordable housing units. 6. Special Needs Populations: The Agency will continue to work with developers, particularly non- profit organizations, to address the special housing needs of the community, including seniors, individuals with disabilities, single parents, large families, and the homeless. The Agency will continue to support the efforts of the countywide EveryOne HOME Plan to end homelessness which the City Council adopted in 2006. Table 13 on the next page shows how the Agency will spend LMHF monies to meet the needs of low- and very low - income households over a 10 -year period as described in the Agency's goals and objectives above. San Leandro Redevelopment Agency 2010 -2014 Implementation Plan Page 27