Reso 1997-116 to 120 - Laserfiche WebLink

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SECTION B: INVESTMENT OF AVAILABLE RESOURCES Priority 91: Increase the Availability of Affordable Rental Housing for extremely low, low and moderate income households. Resources Used: The City applied CDBG, HOME, Section 8 and Redevelopment funding sources to programs during this year. Activities Undertaken: The City worked with rental property owners to develop long-term affordability covenants in two existing multi -family developments. The following two projects were completed during this time period, containing a total of 25 units designated for occupancy by low income households - the Mission Bell and the Lewis property. During 1996-97, the Redevelopment Agency loaned the owners of the Mission Bell $686,500 for rehabilitation construction costs. The project was under construction during 1996-97 and will be completed by September 1997. When complete, 20 of the 24 units will be available to low- and very -low income households. In the previous year, the Redevelopment Agency also provided $102,000 for the rehabilitation of five housing units at the Lewis property, located at 11 Dutton Avenue. During 1996-97, this project was completed. The Housing Authority of Southern Alameda County continued to administer the Section 8 Assistance Certificate and Voucher Program in Southern Alameda County, which includes San Leandro. During this time period 5 new vouchers and certificates were issued to San Leandro residents. However, during 1996-97 the City experienced an overall decrease in the number of certificates and vouchers available. In conjunction with the rental housing owners, the City conducted one session of the Multifamily Management Assistance Program (MMAP) Educational Program. This program is a management course for owners and managers of rental properties. One class in the MMAP session covered the Section 8 program and was used to market the program among San Leandro landlords. Geographic Distribution: These programs are City wide. The Mission Bell and Lewis property project are located in census tract 4323. Leverage of Non -Federal Resources: Redevelopment Agency Set -Aside funds Matching Contributions: N/A