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File Number: 22-049 Goal 56: AFFORDABLE HOUSING CONSERVATION: Encourage the preservation and rehabilitation of the existing affordable housing stock. Policy 56.02 - Rehabilitation of Renter-Occupied Housing Stock Summary of Public Outreach Efforts Prior to a TEFRA hearing, reasonable notice must be provided to the community for an opportunity to speak in favor of or against the use of tax-exempt bonds. Legal requirements for notification of this meeting included notice in The Daily Review on Friday, January 28, 2022. Legal Analysis The City Attorney has reviewed and approved this staff report, resolution and related documents. Fiscal Impacts The Borrower is not requesting any City funding for this project. The Bonds to be issued by the CMFA for the Project will be the sole responsibility of the Borrower, and the City will have no financial, legal, moral obligation, liability or responsibility for the Project or the repayment of the Bonds for the financing of the Project. All financing documents with respect to the issuance of the Bonds will contain clear disclaimers that the Bonds are not obligations of the City or the State of California but are to be paid for solely from funds provided by the Borrower. The Board of Directors of the California Foundation for Stronger Communities, a California non-profit public benefit corporation (the “Foundation”), acts as the Board of Directors for the CMFA. Through its conduit issuance activities, the CMFA shares a portion of the issuance fees it receives with its member communities and donates a portion of these issuance fees to the Foundation for the support of local charities. With respect to the City of San Leandro, it is expected that a portion of the issuance fee attributable to the City (estimated at this time to be approximately $15,000) will be granted by the CMFA to the general fund of the City. Such grant may be used for any lawful purpose of the City. ATTACHMENT(S) Attachment(s) to Staff Report ·None Attachment(s) to Related Legislative Files Attached to Resolution: o None PREPARED BY: Tom Liao, Director, Community Development Department Page 4 City of San Leandro Printed on 2/3/2022