Laserfiche WebLink
File Number: 13-387 <br />and objectives, an evaluation of annual performance, and a financial summary. Various HUD <br />reports are included that provide information on the number of people served with each <br />project and by categories such as race and income. A complete table of the five -year and <br />2012-2013 goals with annual results is attached (see Exhibit A, Comparison of Goals and <br />Objectives). Below is a summary of some of the City’s notable activities described in the <br />CAPER. <br />Priority: Increase the availability of affordable rental housing for extremely low-, very <br />low-, low-, and moderate-income families. <br />¨New construction of affordable housing <br />In FY 2012-2013, the City and non-profit developer BRIDGE Housing Corporation continued <br />to work closely together to move the residential development towards commencement of <br />construction. BRIDGE Housing moved to a site east of the Downtown BART station and <br />redesigned its original plans for The Alameda in order to construct 200 units of affordable <br />rental housing, instead of the 100 units originally proposed west of the BART Station . The <br />redesign also phases the project into a 115-unit affordable workforce and family building that <br />will be constructed first with a second 85-unit senior housing building to follow. Construction <br />of the 115-unit building is targeted to commence in August 2014. <br />¨Acquisition and rehabilitation of affordable housing <br />The conversion/renovation from a market-rate property into a tax-credit, affordable housing <br />property of Lakeside Village Apartments , an 840-unit apartment community located on <br />Springlake Drive in San Leandro, continued throughout FY 2012-2013. The owners, Standard <br />Lakeside I LP, successfully obtained Federal/State tax credit financing in 2011, and City <br />subsidy was not necessary. Standard Lakeside continued to certify income-eligible <br />households to convert the units into tax-credit, affordable rental units . More than half of the <br />840 units have undergone successful interior upgrades. Exterior improvements are also <br />underway. All exterior improvements are anticipated to be completed by December 2013. <br />The rest of the interior upgrades will be completed in Summer 2014. <br />Priority: Preserve existing affordable rental and ownership housing for low- and <br />moderate-income households. <br />¨Apartment Rehabilitation Program <br />Fargo Senior Center <br />Christian Church Homes (CCH) successfully completed the rehabilitation of Fargo Senior <br />Center, the 4-building, 75-unit affordable senior housing property located in San Leandro . <br />CCH used Federal/State tax credit financing to upgrade major building systems; to redesign <br />and update the exterior facades; to replace exterior balconies; to replace existing windows <br />with more energy efficient windows ; to conduct asbestos abatement in all the interior units; <br />and to renovate all units by installing new updated kitchens, new flooring, new plumbing <br />fixtures, and updated bathrooms. Fargo Senior Center was rehabilitated without any City <br />funding. <br />Surf Apartments <br />A $100,000 City loan approved by the City in January 2012 assisted the nonprofit Eden <br />Housing in acquiring and rehabilitating Surf Apartments , a 46-unit multi-family affordable <br />Page 2 City of San Leandro Printed on 9/11/2013