Reso 2010-116 - Laserfiche WebLink

Home

SECTION B: INVESTMENT OF AVAILABLE RESOURCES Obiective: Provide Decent Housing Priority #1. Increase the availability of affordable rental housing for extremely low-, very low-, low-, and moderate -income families. Activities: ♦ New construction of affordable housing Estabrook Place 40ell� The non-profit developer Eden Housing, Inc. has completed the construction of Estabrook Place, a new 51 -unit affordable senior apartment complex located at 2103 East 14th Street (and Estabrook Street). The City awarded Eden Housing with the Certificate of Occupancy on June 10, 2010, and the property was fully leased up and occupied by June 30, 2010. One (1) two- bedroom unit is reserved for an on-site manager, while the other fifty (50) one -bedroom units are now occupied by very low-income seniors. Of these fifty (50) households, thirty-seven (37) households have lived or were currently living in San Leandro prior to moving into Estabrook Place. The Alameda at San Leandro Crossings The Alameda, a proposed 100 -unit affordable rental housing development which is part of the mixed -income San Leandro Crossings master development, has been delayed due to the current economic climate and newness of State Proposition 1C infrastructure grants awarded to the project. Therefore the nonprofit, BRIDGE Housing Corporation, who is the developer for The Alameda, had to return the low income tax credits (which were awarded by the State in September 2009) in late April 2010. Previously, the City Council approved a $9.1 million Redevelopment Housing Set -Aside development loan for The Alameda in April 2009. The City, City Redevelopment Agency, BRIDGE, and the private developer continue to work together to move the development of San Leandro Crossings forward, and BRIDGE is planning to re -apply for tax credits in early 2011. The City Council approved entitlements and the Final Map for The Alameda in January 2010. ♦ Acquisition and rehabilitation of affordable housing See "Mission Bell Apartments Rehabilitation and Refinancing" under Priority 42. Priority # 2. Preserve existing affordable rental and ownership housing for low- and moderate -income households. Activities: ♦ Apartment Rehabilitation Program The City continues to track inquiries for its apartment rehabilitation program, but there have been no projects funded. DRAFT Consolidated Annual Performance and Evaluation Report: FY 2009-2010 City of San Leandro Page 4