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Attachment B: City Homekey Local Matching Fund Sources Type Fund Name Amount Amount to Acquisition/ Renovations and/or Relocation Amount to Operations/Services EDEN Account Notes: Federal FY22-23 CDBG $300,000 $300,000 TBD Estimated minimum CDBG allocation presented in Draft FY22-23 HUD Annual Action Plan to Council on 3/21/22. HUD is late with FY22-23 CDBG entitlement grant allocations. Final FY22-23 Annual Action Plan to be reviewed by Council in late Spring-early Summer 2022. FY22-23 HOME $550,000 $550,000 TBD Estimated available HOME grant balance via Alameda County HOME Consortium. Staff determining if HOME funds are eliglble for this project. Would need to be included in Final FY22-23 HUD Annual Action Plan for Council approval. American Rescue Plan Act (ARPA)$750,000 $750,000 190-41-830-8507 Council approved on 11/1/21 an ARPA Budget for 2 Year FY21-23 Budget (Reso 21-150) State Permanent Local Housing Allocation (PLHA)$943,946 $943,946 TBD City was awarded a 5 Year PLHA Grant for 2019-2023. The 2020 PLHA grant is $543,946 and the 2021 PLHA grant is estimated to be at least $400K. County Homeless Housing, Assistance & Prevention (HHAP) $500,091 $500,091 TBD Approved State funding via Alameda County. City Affordable Housing Trust Fund $250,000 $250,000 167-170-1701 City must use local funds to cover $350K difference from $5.8 mil appraised value for Nimitz Motel. City proposes to use $250K from available AHTF and $100K from General Fund allocation below. General Fund $5,600,000 $100,000 $5,500,000 TBD City Council approved $1.6 million in re-allocated Police funding for navigation center in approved in 2 Year FY21-23 Budget. City Council also supported as part of its annual Council priorities and FY21-22 Budget approval process an on-going annual subsidy to the nav center for at least $ 1 million/fiscal year. Homekey requires that applicants demonstrate that on-site services be sustainable for at least 5 years. The $5.6 million City match consists of: $1.6 mil (Year 1), and minimum $1 mil for Years 2 -5). Low/Mod Housing Asset Fund TBD TBD TBD TBD Staff is currently assessing the available balance for L/M Housing Asset Fund to apply to this project if needed. Staff will return to City Council for review if these funds may be needed on this project. TOTAL $8,894,037 $2,893,946 $6,000,091 *Note: Staff is still assessing the feasibility of some of these City funding sources which may change prior to submittal of the Project Homekey application by May 2, 2022.