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3B Public Hearing 2012 0305
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3B Public Hearing 2012 0305
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Last modified
3/9/2012 10:06:27 AM
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2/28/2012 7:23:49 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
3/5/2012
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PERM
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_CC Agenda 2012 0305 CS+RG
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\City Clerk\City Council\Agenda Packets\2012\Packet 2012 0305
MO 2012-009
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Path:
\City Clerk\City Council\Minute Orders\2012
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homelessness. Funding through the Governor's Homeless Initiative assists with the development <br />of permanent supportive housing for persons with severe mental illness who are chronically <br />homeless. This is a joint project of HCD, the California Housing Finance Agency (CalFWA), <br />and the Department of Mental Health (DMH) funded by Proposition 46 funds. The Governor's <br />Initiative provides various types of assistance: deferred payment permanent loans under HCD's <br />MHP; construction, bridge and permanent loans from CalHFA; and limited grant funds for rental <br />assistance from DMH. <br />Mortgage Credit Certificates <br />Alameda County serves as the lead agency for allocation of Mortgage Credit Certificates (MCC), <br />which provide a tax credit to subsidize the mortgage interest rate for qualified first -time <br />homebuyers. The County receives MCC funding through State bonds. <br />LOCAL <br />Redevelopment Housing Set -Aside Funds <br />Historically, the Redevelopment Agency of the City of San Leandro (Agency) sets aside 20% of <br />its tax increment revenue to provide affordable housing for low- and moderate - income <br />households. However, the Agency (along with all other redevelopment agencies state -wide) was <br />DRAFT Action Plan — FY 2012 -2013 <br />City ofSan Leandro <br />Page 6 <br />
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