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parking below grade as well as within the ground level of the building with up to 325 parking stalls. Once completed the affordability period for this property will be at least fifty -five (55) years. • In addition, City staff have continued to respond to inquiries from private and non - profit developers to acquire property and rehabilitate or build affordable rental units. • The City's Housing Rehabilitation Program for minor home repair grants and loans for owner - occupied homes historically preserved and improved the City's existing housing stock and assisted elderly homeowners to age in place. However, the City suspended this program this past fiscal year. • The City's Rent Review Board Program provides a non - binding arbitration board review of eligible rent increase cases in San Leandro. There were no Rent Review Board cases in fiscal year 2011 -2012. This program is funded solely with City General Funds. • The joint consortium of the cities of San Leandro, Berkeley, Fremont, Union City, and Livermore received $2,230,495 in federal Neighborhood Stabilization Program (NSP1) funds authorized under the Housing and Economic Recovery Act (HERA) of 2008. The consortium selected Hello Housing, formally known as Hallmark Community Solutions as the program contractor to use this pool of NSP1 funds to acquire, rehabilitate, and resell foreclosed and abandoned properties as well as process prospective income - eligible homebuyers for the purchased properties. Hello Housing has successfully purchased and sold eight (8) single - family homes to NSP1- qualified families: four (4) homes in the City of Livermore, one (1) home in Union City, one (1) home in the City of Fremont, and two (2) homes in San Leandro. In fiscal year 2011 -2012, Hello Housing was able to purchase and rehabilitate two (2) additional NSP1- eligible properties in the City of Livermore. Both properties are anticipated to be sold to income eligible households in Summer 2012. It is anticipated that the NSP 1 program will have sufficient funds to acquire and rehab one (1) additional property before the program terminates in February 2013. Hello Housing continues to utilize its NSP Regional Marketing Website ( www.homehub.org ) where all NSP homes are listed and information about the NSP program is readily available. This site includes lenders, home buying counseling agencies, and real estate agents who are working with the NSP program. It also shares details about each of the jurisdictions and their developer partners that are working together to implement the NSP program. The goal is to better market the benefits of the NSP program operating across the Bay Area to prospective buyers, mortgage lenders, and real estate agents. • The Alameda County NSP2 Consortium, which has the Alameda County Housing and Community Development Department designated as its lead member and includes the City of San Leandro as well as the cities of Dublin, Emeryville, Fremont, Hayward, Livermore, Newark, Pleasanton, Union City, and the Unincorporated County, was awarded $11,000,000 in federal Neighborhood Stabilization Program 2 (NSP2) funds authorized under the 2009 American Recovery and Reinvestment Act (ARRA) to purchase and rehabilitate foreclosed and vacant homes throughout the county. This past fiscal year 2011 -2012, Hello Housing has sold three (3) NSP2 properties in San Leandro to NSP2- eligible households. Another property was successfully acquired and DRAFT Consolidated Annual Perfonnance and Evaluation Report: FY 2011 -2012 City of San Leandro Page 24