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File Number: 17-030 <br />The City has successfully submitted Parks Program grant applications for the 2013 and 2014 <br />Designated Program Years. The City was awarded $1,376,600 in DPY 2013 grant funds <br />designated for the rehabilitations of Siempre Verde Park and Thrasher Park as well as for the <br />creation of a science-based interactive Exploratorium art exhibit at Joaquin Plaza in <br />Downtown San Leandro. The City also secured $381,200 in DPY2014 grant funds, which <br />were also used towards the Siempre Verde Park renovation project. <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 newly renovated <br />Las Palmas Apartments. Las Palmas is a 91-unit (69 tax credit units, including a manager’s <br />unit, and 22 market-rate units) mixed-income low-income housing tax credit property, which <br />the City provided financial assistance to in 2000. In 2015, these state tax credits expired, and <br />affordable housing nonprofit owner and developer Eden Housing completed a “re-syndication” <br />of new tax credits to rehabilitate these units. The new 55-year tax credit regulatory <br />agreement stipulates 77 tax credit units, 1 manager’s unit, and 13 market-rate units. The 77 <br />tax credit units will have the following unit and income mix: <br />Page 2 City of San Leandro Printed on 2/16/2017