Laserfiche WebLink
consortium funds were allocated to three San Leandro affordable housing projects In the last 6 years: <br />$650,000 for Marea Alta, $100,000 for the acquisition and rehabilitation of a single family residential <br />property that will be used for supportive housing for physically and/or developmentally disabled adults, <br />and $256,761 for La Vereda (aka Marea Alta Phase 2). La Vereda has 85 new affordable senior rental <br />housing units for very low-income seniors. Lease-up of this building happened in the Spring 2018 and <br />completed construction in early 2019. <br />Program Income: Additionally, HUD funds may result in program income (i.e. interest payments) from <br />housing projects that were supported by HUD funding. The City primarily uses its CDBG allocation on <br />direct service contracts and public works projects, therefore no program income is derived from those <br />expenditures. In FY 18-19 there was no HOME Program Income on any of its HOME funded housing <br />development City loans. <br />Identify the geographic distribution and location of investments <br />Target AreaPlanned Percentage of Actual Percentage of Narrative Description <br />Allocation Allocation <br />City-Wide100 <br />Table 4 – Identify the geographic distribution and location of investments <br />Narrative <br />Per the City Five Year Consolidated Plan for 2015-2020, no specific target areas were identified as areas <br />to focus investment of the City’s CDBG annual funding allocation. The City will continue to fund <br />programs that meet the national objectives of serving low- and moderate-income clientele (LMC) or <br />low- and moderate-income housing (LMH). In FY 2018-2019 all of the services provided by the City’s <br />contracted recipients of CDBG grants, will benefit — at least 51% of the total population served — low- <br />and moderate-income individuals and families. In the case that the City has funded agencies located in <br />other jurisdictions, it is with the explicit understanding that a portion of their programs that receive City <br />CDBG funds will serve and benefit San Leandro residents. <br /> City of San Leandro FY 2018-19 CAPER 8 <br />OMB Control No: 2506-0117 (exp. 06/30/2018) <br /> <br />