Reso 2018-002 - Laserfiche WebLink

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IN THE CITY COUNCIL OF THE CITY OF SAN LEANDRO RESOLUTION NO. 2018-002 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN LEANDRO AUTHORIZING THE CITY MANAGER TO SUBMIT AN APPLICATION FOR THE AFFORDABLE HOUSING AND SUSTAINABLE COMMUNITIES PROGRAM WHEREAS,Eden Housing,a nonprofit housing developer, is proposing to develop a 62- unit affordable rental housing project located at 1604 and 1642 San Leandro Boulevard (the "Project"); and WHEREAS, in order to make the Project financially feasible, Eden Housing is leveraging various funding sources, including funding from the City; and WHEREAS,the State of California, the Strategic Growth Council and the Department of Housing and Community Development ("Department") have issued a Notice of Funding Availability dated October 2, 2017 ("NOFA"), under the Affordable Housing and Sustainable Communities ("AHSC") Program established under Division 44, Part I of the Public Resources Code commencing with Section 75200; and WHEREAS,the City of San Leandro ("City") desires to apply for AHSC Program funds and submit the application package released by the Department for the AHSC Program; and WHEREAS,the Strategic Growth Council is authorized to approve funding allocations for the AHSC Program, subject to the terms and conditions of the Notice of Funding Availability, program guidelines, application package, and standard agreement, and the Department is authorized to administer the approved funding allocations of the AHSC Program; and WHEREAS,the City intends to apply for AHSC Program funds as a joint applicant with Eden Housing, and has been working closely with Eden Housing, Enterprise Community Partners, and AC Transit to develop a competitive AHSC Program application; and WHEREAS,the City and Eden Housing anticipate applying for approximately twelve million dollars($12,000,000) in AHSC program funds, which includes eight million dollars ($8,000,000)for the Project and four million dollars ($4,000,000) for active transportation improvements and programs; and WHEREAS,the City is seeking authorization to apply for not to exceed fifteen million dollars ($15,000,000) in AHSC program funds,which includes ten million dollars($10,000,000) for the Project and five million dollars($5,000,000) for active transportation improvements and programs, in order to accommodate potential changes in the scope of the application and budget without the need to obtain additional authorization from the City Council; and WHEREAS,if the application is approved, Eden Housing will be responsible for managing the affordable housing related loan, and the City's Engineering and Transportation Department will administer the infrastructure-related grants.