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Executive Summary AP -05 Executive Summary - 91.200(c), 91.220(b) 1. Introduction The Annual Action Plan includes a listing of projects and activities to be funded with CDBG funds during FY2016/17 as well as an annual assessment of the City's progress toward meeting its goals for housing and community development. Pleasanton will receive $272,699 in federal CDBG funds for federal Fiscal Year 2016 and the City will allocate $300,161 in local Lower Income Housing Funds and $185,626 in local General Funds to supplement funding for several housing projects and services which sought funds under the CDBG program funding allocation process. In FY2015, the City was the sponsor /borrower of a Section 108 Guaranteed Loan in the amount of $1,250,000 to provide funding for construction of a new community medical clinic for Axis Community Health which will allow Axis to double its capacity to serve low- income households and meet the increased demands of changing health care laws. This project was collaboratively funded effort among four local jurisdictions — the cities of Pleasanton, Livermore, Dublin, and the County of Alameda — and Axis Community Health, a nonprofit healthcare provider that has served low- income residents in the Tri Valley area since 1972. Axis completed development of the project in February 2016. In February 2016, the Pleasanton Housing Authority completed the disposition of its property, Kottinger Place, to the City. In March 2016, MidPen Housing, a non - profit developer, executed a Ground Lease for the property and provided a loan from its Lower Income Housing Fund for the first phase of the Kottinger Gardens project which involves the redevelopment of two aging rental complexes for elderly into a new development that will increase the total units from 90 to 185. The City has committed $13,750,000 towards the project and also provided a HOME loan for the project in the amount of $450,000 in HOME Funds. Construction of the first phase of Kottinger Gardens is scheduled to complete by March 2017. The City may, on a case by case basis, waive (or pay on the behalf of developers) City development fees for projects which include the construction of lower income units, either rental or ownership. The City provided this assistance to the Anton Hacienda Apartments project which leased 35 Below Market Rate Units at 50% of Area Median Income in July 2015. Activities undertaken with federal HOME Investment Partnership Program (HOME) funds are described separately in the Alameda County HOME Consortium Action Plan. In order to implement its Housing and Community Development Strategic Plan during the next fiscal year, the City of Pleasanton will allocate CDBG funds to non - profit agencies serving low income persons for the implementation of the FY16/17 Housing and Human Services Grants Program which will fund 27 different projects (including projects that are wholly locally funded). Approximately $145,000 in CDBG funds will go toward capital