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Attachment 1 <br /> ALAMEDA COUNTY COMMUNITY DEVELOPMENT AGENCY <br /> Chris Bazar Agenda Item June 28, 2016 <br /> Agency Director <br /> 224 West Winton Ave June 22, 2016 <br /> Room 110 <br /> Hayward,California Honorable Board of Supervisors <br /> 94544-1215 Administration Building <br /> Oakland, California 94612 <br /> phone <br /> 510.670.5333 <br /> fax Dear Board Members: <br /> 510.670.6374 <br /> www.acgov.org/cda <br /> SUBJECT: ALAMEDA COUNTY GENERAL OBLIGATION BOND <br /> FOR HOUSING: HOUSING PROGRAM <br /> RECOMMENDATION: <br /> Approve the Program to guide use of the proceeds of the $580 Million General <br /> Obligation Bond for Affordable Housing upon passage by two-thirds of the electorate <br /> voting on the Measure in the November 8, 2016 General Election. <br /> DISCUSSION/SUMMARY: <br /> Over the last several months extensive work has been done on the development and <br /> refinement of program proposals for the proposed General Obligation Bond for <br /> Housing, including numerous stakeholder and other meetings and forums for public <br /> input to discuss the bond and to solicit feedback on the proposed bond programs. Staff <br /> has presented and taken comments on affordable housing needs and draft programs, <br /> and has developed and refined the program proposal, in consultation with County <br /> Counsel in conjunction with Bond Counsel. <br /> The program is being forwarded by your Board's Health Committee, which was <br /> charged by your Board to oversee the process of developing the housing bond measure <br /> and program proposal. The Health Committee held six work sessions between March <br /> and June 2016, including its work session on June 21, 2016 at which it considered the <br /> attached program proposal. <br /> The bond program proposal responds to critical housing needs across the County with <br /> an array of proposed programs eligible to be funded with General Obligation Bond <br /> proceeds. It also responds to key themes of stakeholder input and suggestions in a <br /> number of ways, including the size of the total bond issuance, the geographic spread of <br /> rental housing development funds, vulnerable populations to target for assistance, types <br /> of programs to be funded by the bond, and leveraging other sources of local funds <br /> which the Board has reserved for addressing affordable housing and homeless needs in <br /> our community. <br />