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The County will administer the funds in both the regional pools and the city base allocations,
<br /> working in cooperation with the cities. Developments financed with Bond funds must have the
<br /> su pp ort and a pp roval of th e cities in whi ch t h ey are located, including financial support as
<br /> described above. The table below contains the resulting funding allocations using the formulas
<br /> described above.
<br /> Rental Housing $225 Million to Rental Housing
<br /> Development City Base Development $200 Million to Regional Pools
<br /> Program Funds Allocations Funds
<br /> Need -Blend
<br /> Base City Allocations Regional Pools Allocated by: %of Total of Poverty and
<br /> RHNA LI&VLI
<br /> Alameda cit $10,370,727 North County 44.7% $89,325,065
<br /> Alban cit $2,588,918 Mid Count 24.9% $49,803,134
<br /> $15,796,369 East Count 13.7% $27,332,372
<br /> Dublin cit $8,831,465 South County 16.8% $33,539,429
<br /> $2,799,109 Alameda County Total 100.0% $200,000,000
<br /> Fremont cit $33,264,459
<br /> Ha and cit $20,298,294
<br /> Livermore cit $12,722,700 No Co:Albany,Berkeley,Emeryville,Oakland,Piedmont
<br /> $6,029,275 Mid Co:Alameda, Hayward,San Leandro, Unincorporated
<br /> Oakland city $54,803,565 East Co: Dublin,Livermore,Pleasanton
<br /> Piedmont cit $2,431,300 South Co:Fremont, Newark,Union City
<br /> Pleasanton city $13,720,684
<br /> San Leandro city $11,907,775
<br /> Unincorporated $19,671,892
<br /> Union Cit city $9,763,468
<br /> Alameda County
<br /> Total $225,000,000
<br /> Allocations based on average of %AV&%Total
<br /> Population,with minimum no less than original
<br /> projections.
<br /> Rental Housing Innovation and Opportunity Fund:
<br /> The goal of this component of the bond program is to support the ability for affordable housing
<br /> developers to respond quickly to opportunities that arise in the market, to preserve and expand
<br /> affordable rental housing and prevent displacement of current low-income tenants. The target
<br /> funding allocation is a total of$35 Million over the course of the bond program.
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