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File Number: 21-444 <br />Bond and State HCD PLHA funding, will be presented for City Council review later this year. <br />BACKGROUND AND ANALYSIS <br />City Affordable Housing Funding Request for Proposals (RFP) <br />In February 2021, the Community Development Department’s Housing Services Division <br />released a competitive Request for Proposals (RFP) for a qualified affordable housing developer <br />with a viable affordable housing project that would be eligible for the City’s affordable housing <br />funds. The overall objectives of the RFP were: <br />·To select a developer that is qualified, experienced, and has the capacity to undertake the <br />design, development, and management of an affordable rental housing project that <br />maximizes the number of affordable homes constructed; <br />·To implement an affordable housing project that effectively and primarily serves extremely <br />low-, very low-, and low-income households; <br />·To meet the goals and objectives of the City of San Leandro’s 2015-2020 Housing <br />Element of the City’s 2035 General Plan, including the increased production or supply of <br />new affordable housing; <br />·To select a developer with the experience and capacity to successfully leverage available <br />local affordable housing development funding with funding from other or non-local funding <br />sources such as private, State, and Federal programs. <br />·To ensure the long-term financial sustainability of the project by selecting a developer that <br />demonstrates its capacity to sustain both its own financial health as well as that of the <br />affordable housing constructed using available housing financing sources. <br />The City received applications from five (5) qualified and experienced nonprofit housing <br />developers. After careful review, City Housing Services Division staff selected Abode <br />Communities as the RFP awardee because it was best positioned to leverage the City’s local, <br />county and state funds. <br />The primary source of funding for Abode is the Alameda County Measure A-1 Bond Funds base <br />allocation for San Leandro (City A-1) that is a little over $5 million (approved by Alameda County <br />voters in 2016). The City must obligate its remaining share of A-1 Bond funds by end of <br />December 2021. Voters approved the Alameda County A-1 Housing Bond in November 2016. <br />The County allocated a portion of the bond monies to each local jurisdiction in the County. The <br />City of San Leandro was allocated a total of $11.9 million in A-1 Housing Bond proceeds. In <br />March 2017, the City awarded $1.7 million to BRIDGE Housing for the La Vereda Senior <br />Apartments (85 homes) and in January 2018 the City awarded Eden Housing $4 million for the <br />Parrott Street Apartments (62 homes). City staff recommends awarding the remaining A-1 <br />allocation balance of a little over $5 million to Abode Communities (proposed 72 homes). (Note <br />that there was a County bond issuance fee of approximately $1.2 million related to La Vereda <br />and Parrot Street Apartments.) <br />The second source of funding is the State Housing and Community Development Department <br />(State HCD) Permanent Local Housing Allocation (PLHA) where the City has received <br />approximately $350,000 for calendar year 2019. In 2017, the California Legislature approved <br />Page 2 City of San Leandro Printed on 7/15/2021 <br />867