Reso 2025-163 FY25 AHTF Report - Laserfiche WebLink

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CITY OF SAN LEANDRO AFFORDABLE HOUSING TRUST FUND REPORT FY 2025 Page 2 of 2 In FY 2023, the City awarded the Housing Consortium of the East Bay (HCEB) with a $65,000 predevelopment grant to support the pre-development, acquisition, and development of the former Nimitz Motel into the Lewelling Interim Housing and Drop In Center (“Lewelling Project”). The City expended an additional $309,500 for acquisition costs and purchased the site in Autumn 2023. These local commitments leverage numerous State and Federal resources such as Project Homekey, AB 102 Budget Act of 2023, U.S. Department of Housing and Urban Development Community Project Funding, and American Rescue Plan Act (ARPA) funding. HCEB completed construction on the Lewelling Project during the reporting period. The project's interim housing opened in March 2025 and the drop-in center opened in June 2025. According to unaudited financial reports generated in November 2025, the FY 2025 AHTF fund balance as of June 30, 2025, was $336,165.61. This consists of the FY 2024 balance ($311,483.90) plus the revenue collected and expenditures in FY 2025. The FY 2024 AHTF report showed an ending balance of $620,983.90. This number was adjusted after the report’s publication to reflect corrections identified through the FY 2024 audit that resulted in a revised ending balance of $311,483.90. The following table reflects the updated information for FY 2024 as well as the revenues, expenditures, and ending balance for FY 2025. Any updates made to the FY 2025 data as part of the annual audit will be noted in next year’s report. Undesignated Fund Balance (July 1) Debits Per FY Credits Per FY Ending Balance (June 30) FY 2024 $614,871.74 $439,500.00 $136,112.16 $311,483.90 FY 2025 $311,483.90 $0.00 $24,681.71 $336,165.61 Exhibit A Resolution No. 2025-163 Page 2