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City of San Leandro <br />Meeting Date: October 18, 2021 <br />Staff Report <br />Agenda Section:File Number:21-566 CONSENT CALENDAR <br />Agenda Number:8.B. <br />TO:City Council <br />FROM:Fran Robustelli <br />City Manager <br />BY:Tom Liao <br />Community Development Director <br />FINANCE REVIEW:Susan Hsieh <br />Finance Director <br />TITLE:Staff Report for a City Council Resolution to Approve an Amendment to the <br />FY2021-2022 Consulting Services Agreement (CSA) Between the City of San <br />Leandro and Bay Area Affordable Homeownership Alliance (BAAHA) Increasing <br />Funding by $40,255 (to a new contract total of $76,185) <br />SUMMARY AND RECOMMENDATIONS <br />On October 7, 2019, the City Council approved Resolution No. 2019-161 authorizing the City <br />Manager to appropriate funding of $415,000 to purchase a below market rate (BMR) property at <br />713 Bloom Street from the original homeowner who had breached the affordability contract with <br />the City. In May 2021, the City used approximately $382,000 to exercise its rights to purchase the <br />property under the regulatory agreement recorded on the property’s title. The City proposes to <br />make renovations to the property and to re-sell it to another income-qualified first-time homebuyer <br />household under the City’s Inclusionary Housing Program. <br />Staff recommends that the City Council approve a resolution to amend the existing FY2021-2022 <br />Consulting Services Agreement (CSA) with the City’s first time home buyer (FTHB) consultant, <br />Bay Area Affordable Homeownership Alliance (BAAHA). BAAHA manages the City’s homebuyer <br />programs including the resale of BMR for sale units to income eligible households. Through this <br />amendment to BAAHA’s contract, BAAHA will oversee the necessary improvement work to place <br />713 Bloom on the market as an affordable homeownership opportunity. <br />Background and Analysis <br />In the early 2000s, the Cherrywood subdivision was constructed and included over 300 <br />owner-occupied detached single family and attached townhome units. Over 30 units were <br />required by the City to be sold at below market rate prices to eligible low- and moderate-income <br />homebuyers under the City’s Inclusionary Housing Program. The owner of 713 Bloom Street <br />purchased the BMR unit as part of this program. The intent of the program was to create <br />affordable homeownership opportunities for income qualified households, who were primarily <br />Page 1 City of San Leandro Printed on 10/14/2021