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FY 2009-2010 CAPER -2- September 20, 2010 <br />Priority: Increase the availability of affordable rental housing for extremely low-, very <br />low-, low- and moderate -income families. <br />♦ New construction of affordable housing <br />Estabrook Place <br />The non-profit developer Eden Housing, Inc. has completed the construction of Estabrook Place, <br />a new 51 -unit affordable senior apartment complex located at 2103 East 14th Street (and <br />Estabrook Street). The City awarded Eden Housing with the Certificate of Occupancy on June <br />10, 2010, and the property was fully leased up and occupied by June 30, 2010. One (1) two- <br />bedroom unit is reserved for an on-site manager, while the other fifty (50) one -bedroom units are <br />now occupied by very low-income seniors. Of these fifty (50) households, thirty-seven (37) <br />households have lived or were currently living in San Leandro prior to moving into Estabrook <br />Place. <br />The Alameda at San Leandro Crossings <br />The Alameda, a proposed 100 -unit affordable rental housing development which is part of the <br />mixed -income San Leandro Crossings master development, has been delayed due to the current <br />economic climate and newness of State Proposition 1C infrastructure grants awarded to the <br />project. Therefore the nonprofit, BRIDGE Housing Corporation, who is the developer for The <br />Alameda, had to return the low income tax credits (which were awarded by the State in <br />September 2009) in late April 2010. Previously, the City Council approved a $9.1 million <br />Redevelopment Housing Set -Aside development loan for The Alameda in April 2009. The City, <br />City Redevelopment Agency, BRIDGE, and the private developer continue to work together to <br />move the development of San Leandro Crossings forward, and BRIDGE is planning to re -apply <br />for tax credits in early 2011. The City Council approved entitlements and the Final Map for The <br />Alameda in January 2010. <br />Priority: Preserve existing affordable rental and ownership housing for low- and <br />moderate -income households. <br />♦ Mission Bell Apartments Rehabilitation and Refinancing <br />In June 2009 the City of San Leandro obligated a $400,000 HOME loan to Allied Housing, Inc. <br />for the rehabilitation and refinancing of the 25 -unit affordable rental property Mission Bell <br />Apartments. The $400,000 HOME loan extends the 55 -year affordability period for an <br />additional three (3) years from 2061 to 2064 and results in deepened affordability restrictions at <br />Mission Bell. Allied Housing, Inc. will undertake rehabilitation work, which includes plumbing <br />work, installing solar panels, unit renovations, and painting of the exterior, and refinancing of its <br />existing primary loan. Rehabilitation and refinancing activities will commence and be <br />completed in FY 2010-2011. <br />♦ Housing Rehabilitation Program <br />The Housing Rehabilitation Program provides low-interest rehabilitation loans of up to $35,000 <br />for single-family homes. This program provided two (2) loans funded solely with <br />Redevelopment Housing Set Aside Funds in FY 2009-2010. Both loans were for extremely low- <br />income senior households. <br />The Housing Rehabilitation Program, which also offers six (6) types of grant programs for minor <br />home repairs, provided twenty-four (24) grants solely from Redevelopment Housing Set Aside <br />Funds, for lower-income homeowners in FY 2009-2010. Of these twenty-four (24) grants, <br />