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February 2011, the Redevelopment Agency of the City of San Leandro provided Eden Housing with a $50,000 Agency loan to assume complete ownership of Las Palmas from CHC and help preserve the long -term affordability of Las Palmas. In addition, current affordability restrictions on 45 of the 91 units for low- income households at or below 60% AMI were extended for an additional fifteen years (15) from 2015 to 2030, while the RDA loan also restricted an additional five (5) units for very -low income households (50% AMI) for a 55 -year period until 2066. • Five (5) low interest loans and thirty (30) grants were awarded through the Residential Rehabilitation Program, which is funded by Set -Aside Funds. All of the five loans went to senior homeowners: two (2) of the loans were for extremely low- income seniors and three (3) were for very low income seniors. Of the 30 grants for minor home repairs, fourteen (14) were for extremely low- income and twelve (12) were for very low- income and four (4) were for low income. Twenty - two (22) of the grants were for seniors. • The Agency approved ten loans under the First Time Home Buyer (FTHB) down payment /closing cost assistance program. Seven (7) were for low- income and three (3) for moderate - income first -time homebuyers. • Under the FTHB Program, the Agency conducted two free homebuyer education seminars for potential first -time buyers. Overall, there were 43 certificates of completion awarded to households completing the seminars. The Agency also provided free one -on -one homebuyer counseling to 25 households all of whom were low- to moderate - income San Leandro residents and /or employed in the C ity. LOOKING AHEAD: PROGRAM CONTINUATIONS AND CHANGES In Fiscal Year 2011 -12, the Agency's activity will be severely impacted by the results of pending litigation regarding the legal status of the State's Alternative Voluntary Redevelopment Program. Assuming that the Agency maintains adequate funding and legal authority to pursue redevelopment activities, the following programs are being pursued in addition to the continuation of the projects mentioned in the previous Economic Development and Commercial Revitalization section: Overall • The Agency will intensify implementation of the Branding and Marketing Strategy that resulted from the work of the Branding and Marketing Working Group. In particular, Agency staff will work to develop a Visit San Leandro website that highlights opportunities for shopping, dining, and recreation in San Leandro. Joint Project Area