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File Number: 17-076 <br />other actions as necessary to carry out the intent of this resolution. <br />BACKGROUND <br />Alameda County Measure A1 Bond <br />In November 2016, the Bond was passed by over 73% of voters. The $580 million countywide <br />Housing Bond program will fund the following three programs related to homeownership and <br />two programs related to rental housing development: <br />1) Down Payment Assistance Loan Program ($50 million), designed to assist middle-income <br />households to purchase homes and stay in Alameda County; <br />2) Homeownership Housing Development Program ($25 million), designed to assist in the <br />development and long-term affordability of homeownership housing for low-income <br />households to become first-time homebuyers; and, <br />3) Housing Preservation Loan Program ($45 million), to help seniors, people with disabilities, <br />and other low-income homeowners to remain safely in their homes. <br />4) Rental Housing Development Fund ($425 million), to create and preserve affordable rental <br />housing for vulnerable populations. See below for allocations by city from this Fund within <br />Alameda County; and, <br />5) Innovation and Opportunity Fund ($35 million), to respond quickly to capture opportunities <br />that arise in the market to preserve and expand affordable rental housing and/or prevent <br />tenant displacement. <br />Below is a summary of the Bond funding allocations by Alameda County city from the Rental <br />Housing Development Fund totaling $225 million. The remaining $200 million from the Rental <br />Housing Development Fund will be allocated to a regional competitive housing pool divided by <br />North County, Mid County, East County and South County. BRIDGE seeks $1.7 million from <br />the City’s $11.9 million allocation from this Fund. <br />·City of Alameda ($10.3 million) <br />·City of Albany ($2.6 million) <br />·City of Berkeley (15.8 million) <br />·City of Dublin ($8.8 million) <br />·City of Emeryville ($2.8 million) <br />·City of Fremont ($33.3 million) <br />·City of Hayward ($20.3 million) <br />·City of Livermore ($12.7 million) <br />·City of Newark ($6 million) <br />·City of Oakland ($54.8 million) <br />·City of Piedmont ($2.4 million) <br />·City of Pleasanton ($13.7 million) <br />·City of San Leandro ($11.9 million) <br />·Unincorporated Alameda County ($19.7 million) <br />·City of Union City ($9.8 million) <br />Page 2 City of San Leandro Printed on 2/28/2017 <br />247