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California Redevelopment Agencies - Fiscal Year 2009/2010 Status of Low and Moderate Income Housing Funds Sch C Agency Financial and Program Detail SAN LEANDRO Achievements Description regarding these development options. Eden addressed neighbors4 parking and traffic concerns by conducting a traffic study which showed minimal parking /traffic impacts from this proposed project. To address neighborhood concerns about density and parking, a design plan for 51 units was chosen. Beyond the neighborhood meetings, Eden effectively outreached to the community by meeting individually with local leaders and groups. Eden also discussed with McKinley Elementary School the possibility of having the senior residents volunteer and mentor the students. The City Council approved $4,000,000 funding in July 2007 for acquisition and development. HUD4s Section 202 construction grant of $7.3 million was awarded in October 2007 in a highly competitive process, one of only seven projects in California to be awarded Section 202 funds and one of only three in the Bay Area to be funded that year. In addition to the construction grant, HUD4s Section 202 Program also approved $866,400 as an operating subsidy grant for the project for five years. After five years, Eden will apply annually for an operating subsidy renewal. HUD has historically renewed annual operating subsidy requests from approved senior housing projects for the long term. In September 2008, Eden received its tax credit award. Eden Housing began construction in December 2008 after all funding sources were committed. As a result of previous land uses, particularly automotive repair on or near the site in the distant past, Eden complied with California Regional Water Quality Control Board requirements to develop a Remedial Action Workplan for the site and implemented the plan successfully. Construction and lease -up were completed by March 2010. I _ C �l � ► [ �' � : Z � 7 � � _ 1► U 7 _ Z � : I I � � / � d i l � ► :1 Estabrook Place furthers affordable housing needs and goals under the City4s Housing Element, Redevelopment Agency Plans, and 2004 -09 HUD Consolidated Plan. This senior development also furthers the City4s East 14th Street South Area Development Strategy, as well being compatible with the City4s Downtown Transit - Oriented Development Strategy. The Agency played a primary and active role in the acquisition and development of Estabrook Place. The Agency provided input on community meetings, neighborhood challenges and architectural design. Overall, the Agency expended approximately $2.6 million in Set -Aside and Housing Trust funds towards acquisition and construction. Estabrook Place is located at 2103 E. 14th Street (the City4s main commercial corridor) in the City of San Leandro /Alameda County Joint Redevelopment Area. The project meets the following goals and objectives of the Joint Redevelopment Area: improve underutilized property and increase the community4s supply of affordable housing. The project also meets goals and objectives in the 2004 -09 Five Year Redevelopment Agency Implementation Plan such as encouraging 4new strategically -sited housing developments as a catalyst for economic growth and reinvestmentZ, providing higher density housing along the East 14th Street corridor, and addressing the affordable rental housing needs of special needs populations such as seniors. :3;I;[@IV;v9:15003 AFTER PHOTO: Page 8 of 8 12/21/10