Reso 2020-087 302C4 Plan for Perm Local Housing

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Community Development Department I Housing Division of 5AFti Permanent Local Housing Allocation o 302(c) (4) Plan Y Page 2 of 3 1. Describe the manner in which allocated funds will be used for Eligible Activities': The City of San Leandro ("City") will establish a program to to use PLHA funds for the predevelopment, development, acquisition, rehabilitation, and/or preservation of multi -family, residential live -work, rental housing that is Affordable to Extremely low-, Very low-, Low-, or Moderate -income households, including necessary Operating subsidies. The City will allocate PLHA funds to multi -family rental housing either for new developments or preservation. For preservation projects, the City will prioritize existing, unregulated affordable housing or regulated affordable housing developments with expiring regulatory agreements i.e. properties that are at -risk of being lost from the affordable housing supply. 2. Provide a description of the way the City of San Leandro will prioritize investments that increase the supply of housing for households with incomes at or below 60% of the Area Median Income (AMI). In FY 2020-2021 the City will circulate an RFQ to solicit non-profit affordable housing developers with an established track record of successful development of similar types of affordable housing that it proposes to build using PLHA funds. In June 2016, Alameda County citizens passed a General Obligation Bond Measure A-1 to increase affordable housing county -wide. The non-profit affordable housing developer must propose a development that is consistent with the guiding principles set -forth by Alameda County Measure A-1 Rental Housing Development Fund: 1) Maximize leverage and produce the largest number of units possible; 2) Select feasible projects that can compete well for State/Federal financing; 3) Fund projects at a level to ensure viability for the life of the regulatory period; 4) Use Measure A-1 and PLHA funds to fill a gap and not supplant other affordable housing development funding available to the project. 3. Provide a description of how the Plan is consistent with the programs set forth in the City of San Leandro's Housing Element. The following sections of the City of San Leandro's Housing Element demonstrate that this 302(c)(4) Plan is consistent with the overall goals to increase the number and quality of affordable housing in the jurisdiction: 1 See Section 301 of the Permanent Local Housing Allocation Program, Final Guidelines at the California Department of Housing and Community Development website: https://www.hcd.ca.gov/grants-funding/active- funding/docs/PLHA-Final-Guidelines-11-19.pdf