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Consolidated Plan Annual Performance Report — FY 2001-2002 City of San Leandro Page 3 Resources Used: To further this priority, the City utilized the following resources: CDBG, HOME, Redevelopment Housing Set -Aside, and private funds. Activities Undertaken: _Apartment Rehabilitation Program n^The City worked with rental property owners to promote the Apartment Rehabilitation Program. The Program generates affordable units in existing multi- family developments through the use of affordability agreements in exchange for low interest loans. The Housing Set -Aside loans supplement the owner's funds for improvements to properties where 30% of the units are occupied or available to be occupied by very- low and/or low-income tenants. A nine -unit rehabilitation project initiated last year is under construction. The project, expected to be completed during he second quarter of FY 2002-2003, will generate four affordable units. Assistance to Non -Profit Developers for Acquisition and Rehab 0 The City entered into an agreement with Citizens Housing, a non-profit housing developer, for the acquisition and rehabilitation of a 46-unit multifamily development. The project received an allocation of San Leandro HOME funds and Redevelopment Housing Set -Aside funds. Tax credits and tax-exempt bond financing were also utilized. The developer's goal is to have all units guaranteed for households earning 60% or less than the Area Median Income. Eleven of these will be HOME units, affordable to households earning 50% of the Area Median Income or less. The project includes the construction of a community center to serve the Surf Apartments and an adjacent 91-unit multifamily development, also owned by Citizens Housing. Geographic Distribution and Location of Expenditures: These programs are Citywide based on household or individual eligibility. Leverage of Non -Federal Resources: Redevelopment Agency Set -Aside funds and private funds. Matching Contributions: Redevelopment Set -Aside funds. Priority: Preserve existing affordable rental and ownership housing for low- and moderate -income households. Resources Used: The City applied CDBG and Redevelopment Housing Set -Aside funds to further this priority.