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File Number: 15-038 <br />Last year, the City submitted a Parks Program grant application for the 2013 Designated <br />Program Year and was awarded $1,376,600 in grant funds designated for the rehabilitation of <br />Siempre Verde Park and Thrasher Park as well as for the creation of a science -based <br />innovative and interactive Exploratorium art exhibit at Joaquin Plaza. <br />Analysis <br />The Parks Program is a non-competitive grant program. All applicants meeting the threshold <br />requirements will be funded. There is no maximum award; however; if the program is <br />oversubscribed, funds will be prorated among eligible applicants. In the event the Parks <br />Program is undersubscribed, any unused funds will roll over to the next program year. <br />There are four threshold requirements that all applicants must meet to be eligible to <br />participate in the program: <br />1) Applicant must have a Housing Element in compliance with State housing element law <br />pursuant to Government Code Section 65585; <br />2) Applicant must submit its Annual Progress Reports for all years in which applicant has <br />eligible units; <br />3) Applicant must submit documentation of eligible units; and <br />4) Applicant must meet a minimum grant amount of $75,000. <br />San Leandro meets all of the threshold requirements. <br />Funds will be awarded on a per bedroom basis for each documented eligible unit: $500 per <br />bedroom in affordable to low-income households, and $750 per bedroom in affordable to very <br />low-income households. In addition to the base grant award, substantial bonus funds will be <br />awarded per bedroom as follows: <br />• $300 for newly constructed housing units; <br />• $250 for extremely low-income (30% of the Area Median Income) housing units; <br />$250 for housing units built in an infill project; <br />• $500 if park project is located in a Disadvantaged Community; <br />• $500 if park project is located in a Park -Deficient Community; <br />• $100 if park project supports an infill development; and/or <br />• $50-$75 for Regional Housing Needs Allocation progress as determined by HCD. <br />Based on the eligibility requirements, the grant application will include the upcoming Marea <br />Alta (former The Cornerstone) Family Apartments. The affordable housing developer <br />BRIDGE Housing Corporation has commenced construction of this project, which will have the <br />following unit and income mix: <br />5 one -bedrooms, 3 two -bedrooms, and 4 three -bedrooms at extremely low-income <br />(30% AMI) <br />6 studios, 25 one -bedrooms, 9 two -bedrooms, and 30 three -bedrooms at very <br />low-income (50% AMI) <br />2 studios, 19 one -bedrooms, 10 two -bedrooms, and 2 three -bedrooms at low income <br />(60% AMI) <br />City of San Leandro Page 2 Printed on 2111/2015 <br />