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Housing Constraints Draft Housing Element 3-5 HOME Funding (Local) The Home Investment Partnerships Program (HOME) assists cities, counties, and non-profit community housing development organizations to create and retain affordable housing for lower- income renters or owners. HOME funds are available as loans for housing rehabilitation, new construction, and acquisition and rehabilitation of single- and multifamily projects and as grants for tenant-based rental assistance. San Leandro is one of eight jurisdictional members of the Alameda County HOME Consortium. In fiscal year 2020-2021, the City was allocated $238,792 through the Alameda County HOME Consortium of which $13,684 was used to cover the City’s staff administrative overhead. Of the remaining balance of $225,128, a final reimbursement to the HOME construction pool in the amount of $57,710 was subtracted from this remaining balance. Given this, there was $167,418 in HOME funds available for use by the City. When available, HOME funds will be used for affordable rental or ownership housing projects, including new construction or acquisition and rehabilitation. HUD requires that Cities that receive HOME funds provide matching funds for all HOME fund expenditures awarded since 1993. HUD requires that the HOME funds must be matched with an equivalent to twenty-five percent of the total amount of funds expended in the fiscal year. Historically, the City has exceeded the required HOME match. Local and Regional Affordable Housing Financing (Regional) An example of regional affordable housing financing is the 2016 Alameda County Measure A-1. This voter-approved initiative authorized a $580 million general obligation bond to invest in efforts across Alameda County to address the lack of affordable housing. A portion of A-1 funds were specifically designated for affordable rental housing development. The City of San Leandro received a base allocation of these funds in the amount of over $10 million. City staff have used these funds for three affordable housing projects:  La Vereda (84 apartments with 12 financed with A-1 funds)  Loro Landing (61 apartments with 57 financed with A-1 funds and 25 for those at or below 20% AMI)  15101 Washington Avenue (71 apartments financed with A-1 funds and 15 for those at or below 20% AMI) City staff continue to monitor developments in the Bay Area Housing Finance Agency that will provide regional leadership to establish financing for affordable housing infrastructure using tools such as Measure A-1. Staff will seek City Council support of these efforts and will work to position local affordable housing and community development projects to be competitive in applying for these funding resources if and when they become available. CDBG Funding (Locally controlled federal funds) As the lead agency of the Consortium, Alameda County coordinates long-range planning and annual applications to HUD for both HOME and Community Development Block Grant (CDBG) funding. CDBG funds are directly awarded to San Leandro as an entitlement jurisdiction. HUD’s CDBG annual allocation to the City has been approximately $750,000 and funds are typically allocated to general administration of the City’s CDBG program, fair housing services, an owner-occupied minor home repair grant program, public services (including operating funds for mental health, services for those experiencing homelessness, and food programs for residents in need. Additionally, CDBG funds