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WORKING DRAFT FOR HCD REVIEW <br /> <br /> <br />EVALUATION OF 2010 ELEMENT 2-20 SAN LEANDRO HOUSING ELEMENT <br />Table 2-3: Progress on Implementing Actions for Goal 55 (First-Time Homebuyer Opportunities) <br /> <br />Action Summary Progress <br />55.02-A Continue the City’s first-time homebuyer <br />assistance program, offering low interest <br />deferred payment loans to qualifying low <br />and moderate income households for <br />downpayment assistance or gap <br />financing. <br />REVISE/REPLACE. The City terminated its First Time <br />Buyer loan program in 2012 due to the loss of <br />Redevelopment Agency funding. The City could consider a <br />different funding source, or participation in a collaborative <br />program administered by another agency. <br />55.02-B Continue to support Alameda County’s <br />MCC program, wherein owners may take <br />15 percent of the mortgage interest <br />payment as a dollar for dollar tax credit <br />against their federal income taxes. <br />ADVANCE. The City supported the Mortgage Credit <br />Certificate (MCC) program and provides pro-rated <br />administrative funding for the program. The number of <br />MCCs was 6 in 2010-11, 7 in 2011-12 and 2 in 2012-13. <br />This program should be carried forward. <br />55.03-A Provide support for Bay Area Home <br />Buyer Agency or an equivalent <br />organization to provide homebuyers <br />counseling services and to conduct <br />periodic City-sponsored workshops for <br />first-time buyers. <br />ADVANCE. As noted in the text above, the City has an <br />Agreement with the Bay Area Homebuyers Agency <br />(BAHBA) to provide these services. Several workshops <br />were held between 2010 and 2014. The workshops are <br />advertised in the San Leandro Times and/or Daily Review, <br />as well as through flyers and web announcements. The <br />action remains relevant. <br />55.03-B Conduct an annual “post-buyers” seminar <br />for new homeowners. <br />ADVANCE. The City, through BAHBA, began conducting <br />annual post-purchase seminars in 2008 targeting existing <br />BMR homeowners. <br />55.05-A Explore a joint powers agreement MOU <br />with Berkeley, Fremont, Livermore, and/ <br />or Union City to qualify for federal <br />assistance under the Neighborhood <br />Stabilization Program. <br />ACHIEVED/ DELETE. This program has been fully <br />implemented and may be removed from the Element. The <br />first NSP partnership was awarded funds in 2009. Three <br />homes in San Leandro were acquired and rehabilitated, and <br />eigjht more properties were acquired and refurbished in <br />other partner cities. A second NSP grant was received by <br />Alameda County with six foreclosed homes purchased in <br />San Leandro and resold to qualifying families. <br /> <br />“ACHIEVED” indicates the action has been accomplished, while “ADVANCE” means it is on-going or should be carried <br />forward to 2015-2023. “REPLACE” means the action should be replaced with a new or modified program to carry out the <br />policy. “REVISE” means action should be updated. <br />