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MO 2012-003
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1/19/2012 1:43:40 PM
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1/19/2012 1:40:55 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Minute Order
Document Date (6)
1/17/2012
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8J Consent 2012 0117
(Reference)
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\City Clerk\City Council\Agenda Packets\2012\Packet 2012 0117
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@116y O GIty, Of S� L��kldF� <br />Redevilopmen nc <br />Agencies .lei Ifaalal t arx a tl�>r� R psa <br />Achievement Information (Unaudited) <br />contribution from the Agency was needed i 6 - 0 - 16 - - 11 to ensure that the account <br />remained solvent. Minor Agency support will likely be needed in future years. <br />Housing <br />The housing objectives of the San Leandro Redevelopment Agency 2010 -14 <br />Implementation Plan, City of San Leandro Housing Element, and the City's U.S. <br />Department of Housing and Urban Development (HUD) 2010 -2014 Consolidated <br />Plan address the underserved housing needs of households and families in San <br />Leandro. One of the primary goals in these City housing plans is to provide <br />programs that foster and maintain affordable housing. The Agency is a crucial <br />funding source and has effectively leveraged set -aside funds with other sources in <br />cooperation with developers (i.e., non - profit and for profit) and the City in achieving <br />these goals. Pursuant to Health and Safety Code Section 33080.1(c), notable <br />Agency- assisted housing activities for FY 2010 -11 include: <br />The City, Redevelopment Agency, BRIDGE Housing Corporation (non - profit <br />developer for The Alameda at San Leandro Crossings), and Westlake <br />Development Partners (for profit developer for The Cornerstone) continued to work <br />and meet regularly throughout FY 2010 -2011 to move both residential <br />development projects and the BART replacement parking forward towards <br />construction in 2012. BRIDGE is planning to re -apply for federal and State low <br />income housing tax credits in early 2012. The Alameda, a proposed 100 -unit <br />affordable rental housing development which is part of the mixed income San <br />Leandro Crossings master plan development, was delayed in April 2010 due to the <br />current economic climate and newness of State Proposition 1 C infrastructure <br />grants awarded to the project. Previously, the City Council approved a $9.1 million <br />Redevelopment Housing Set -Aside development loan for The Alameda in April <br />2009, The City Council approved entitlements and the Final Map for The Alameda <br />in January 2010. <br />Las Palmas Apartments, an affordable 91 -unit multi - family rental property primarily <br />for low- income households, changed ownership in early 2011. The nonprofit, Eden <br />Housing, has assumed ownership and management of Las Palmas from the prior <br />nonprofit owner, Citizens Housing Corporation (CHC), which is terminating at the <br />end 2012 due to financial issues resulting from the economic downturn. The City <br />already assisted CHC in acquiring Las Palmas in 1999 through a federal Home <br />Investment Partnership Act (HOME) loan. In February 2011, the Redevelopment <br />Agency of the City of San Leandro provided Eden Housing with a $50,000 Agency <br />loan to assume complete ownership of Las Palmas from CHC and help preserve <br />Achievement Information (Unaudited) Page 6 12/15/2011 <br />
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