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File Number: 21-444 <br />The remaining two funding sources are from Alameda County and State HCD. City staff <br />recommends the remaining approximately $5 million in County A-1 Bond proceeds be awarded <br />to Abode. City staff also recommends allocating $349,960 from the 2019 State HCD PLHA funds <br />to Abode. <br />Budget Authority <br />See below for the budget authority for the following City affordable housing funding sources for <br />Abode Communities: <br />·City’s Low-Mod Housing Asset Fund, which must be used to produce, and preserve <br />affordable housing. <br />·State HCD Permanent Local Housing Allocation Fund Program - City and State HCD <br />executed a Standard Agreement in February 2021 for the City’s grant award of $2.1 <br />million over 5 years as noted above. <br />·2016 Alameda County A-1 Housing Bond - City was awarded a pro-rata share for <br />affordable housing developments in San Leandro. <br />ATTACHMENTS <br />Attachments to Staff Report <br />·Attachment A: Proposed Sources/Uses for 15101 Washington <br />Attachments to Resolution <br />·None <br />PREPARED BY: Maryann Sargent, Senior Housing Specialist, Community Development <br />Department <br />Page 6 City of San Leandro Printed on 7/15/2021 <br />871