Reso 2020-087 302C4 Plan for Perm Local Housing

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Wsmrwwo' . Community Development Department I Housing Division Permanent Local Housing Allocation 302(c) (4) Plan (Funding Allocation Years 2019-2023) In September 2017, the California Legislature approved Senate Bill 2 (SB 2), known as the Building Homes and Jobs Act (Act), which established a $75 recording fee on real estate documents to increase the supply of affordable housing. The Act establishes the Permanent Local Housing Allocation (PLEA) program administered by the California Department of Housing and Community Development (HCD). The PLHA provides a permanent source of funding to cities and counties to help meet the unmet need for affordable housing and increase the supply of affordable housing units. The due date for the City's response the NOFA with a program application is July 27, 2020. Under the PLHA program, funding is provided through formula grants to entitlement jurisdictions such as San Leandro based on the formula prescribed under federal law for the Community Development Block Grant (CDBG) program over a five-year funding period. The City of San Leandro is an entitlement jurisdiction and is eligible to receive an estimated $2.1 million, or approximately $350,000 annually, over the five-year funding period. It is important to note that this is only an estimate -- annual PLHA amounts are subject to change. The State requires entitlement jurisdictions to use PLHA program funds to increase the supply of affordable housing. In order to receive PLEA program funds, the City is required to submit a PLEA Plan detailing the manner in which allocated funds will be used. The following titles in bold are the required elements of 302(c)(4) Plan.