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Agency/ProlectDescription Recomm Request Comments jJeiohborrh od Solutions Housing $35,000 72% Important program for seniors and low-income households;loans Rehabilitation Program Provision of low- are eventually repaid;would also receive$73,074 in CDBG Interest loans and small grants to low- funds for a total of$108,074;with carryover funds from prior income homeowners to make necessary years,this level of funding is deemed sufficient to maintain the health and safety improvements. Housing Rehab Program at a reasonable level consistent with past years TOTAL: $450,000 88% _ The recommendation summarized above would result in the allocation of $450,000 in HOME funds for FY 2014 grant cycle. This represents a significant increase in HOME funds allocated through the HHSG program as compared to last year ($100,000). However, the difference is due to the large amount of HOME funds recommended to be allocated to the MidPen / Kottinger Gardens project. As stated in the preceding table, this level of funding would accomplish several goals, including: financial assistance to a City-sponsored housing project; demonstration of City funding commitment that will help MidPen to secure other funds;and, use of uncommitted HOME funds that are at risk of reversion to Alameda County if not used. HOME Program Funding Status The City currently has a balance of approximately $450,000 in HOME funds allocated through FY 2014-15 but not yet spent or committed to specific projects.. The most recent significant allocations of HOME funds over the past several years were the commitment of $200,000 to REACH (to enable the purchase of another residential property for developmentally disabled adults), $100,000 to Abode Services (for TVHSP rent subsidies), and $310,000 to the Housing Rehabilitation Program. Based on recent cuts to the HOME program nationwide, the City anticipates future HOME allocations of approximately $75,000 per year. In addition, the County recently implemented policies requiring timely commitment of HOME allocations by local jurisdictions in which unused funds will revert to a county-wide pool. Because Pleasanton receives only a small amount of HOME funding each year, it has been difficult to accumulate enough to use on a major housing project while still meeting County timeliness requirements. The allocation of$365,000 to the Kottinger Gardens will address this concern. Status of Pre-Existing Allocations Attachment 6 provides a history of funding through the CDBG program (including the allocation of LIHF funds) for the past three fiscal years (2011 through 2013). The table also shows the current status of expenditures for the agencies that received funds. Most of the funding from FY2011 and FY2012 has been completely expended, and staff is generally satisfied that most FY2013 projects are progressing satisfactorily. Several projects have not yet invoiced the City for funds but this is not necessarily cause for concern and staff anticipates that all of these small grants will be expended by the end of the current fiscal year. The above recommended programming equals $946,293 which matches the total funding available shown earlier in the table on page 2. Page 7