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 3 of 3 • Action 53.03: City will actively pursue and leverage public funds to facilitate the development of housing affordable to lower and moderate income households in Sal Leandro. • Action 53.03-A: Applications for Grant Funding --City will pursue funding sources for affordable housing construction. • Action 53.03-B: Support for Non -Profit and For -Profit Affordable Housing Developers --City will provide support and information to non-profit and for -profit developers seeking to create affordable housing in San Leandro. 4. Provide a description of how allocated funds will be used for each proposed Affordable Rental Housing Activity. As of June 30, 2020, the City of San Leandro has an unused allocation of Alameda County Measure A-1 Rental Housing Development Bond Funding in the amount of a little over $5 million. The City of San Leandro will seek developers who can use at minimum 95% of the total PLHA fund allocation to successfully leverage A-1 and other State/Federal affordable housing development funding. The PLHA funding will be used to make a gap loan for new construction of multifamily rental housing developments proposed by non-profit affordable housing developers requesting City funds (such as the Housing Trust Fund) loans. The City reserves the right, if needed, to use the allowed 5% of its total allocation for eligible City staff administration costs. 5. Describe major steps/actions and a proposed schedule for the implementation and completion of the Activity. The City will circulate an RFQ with a response deadline of September 30, 2020 seeking qualified affordable housing developers that can leverage PLHA funds to secure Alameda County Measure A-1 Affordable Rental Housing Development Funds. The ultimate goal for the affordable housing developer is to successfully leverage City and County funds for an affordable housing development in the City of San Leandro. The next Alameda County Measure A-1 Affordable Rental Housing Development Fund NOFA is likely to be released in FY 20-21. This NOFA is scheduled to be released in time so that non-profit affordable housing developers can access other funding available through programs such as the Affordable Housing & Sustainable Communities Greenhouse Gas Reduction Funds (with an anticipated NOFA in February 2021), Infill Infrastructure Grants (with an anticipated NOFA in March 2021), Transit Oriented Development Grants (with an anticipated NOFA in April 2021), Veterans Housing and Homeless Prevention Grants (with an anticipated NOFA in February 202a), and/or Low Income Housing Tax Credits (with an anticipated NOFAs in March and July 2021).