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Table 1: Alameda County Program Categories and Target Funding Levels Alameda County Affordable Housing Bond Homeownership Programs $120,000,000 Down Payment Assistance Loan Program $50,000,000 Homeownership Development Program $25,000,000 Home Preservation Loan Program $45,000,000 Rental Housing Development Programs $460,000,000 Affordable Rental Development $425,000,000 Innovations Program $35,000,000 Total $580,000,000 The Housing Bond will: • Invest in our local Alameda County communities; • Develop and acquire housing for a broad range of populations who have an increasingly difficult time finding housing they can afford or affording the housing they currently have including people who are homeless, low-income seniors and disabled homeowners and renters, families and working households, people with disabilities, transition-aged youth, re-entry, veterans, and low and middle-income first-time homebuyers; • Meet these needs through a range of activities, including development of new multi- family and single-family housing opportunities for rental or ownership, rehabilitation loans to low-income senior, disabled, and other low-income homeowners, down payment assistance for middle-income first-time homebuyers, and acquisition and/or rehabilitation of existing apartment buildings; • Help people who are struggling with housing costs; • Help homeless and other vulnerable populations with long-term affordable rental housing; and, • Help low and middle income Alameda County residents buy homes. While the Housing Bond will make a significant contribution to meeting the needs of Alameda County's lower income residents, it alone cannot address all of them. There are a number of other efforts across the County underway. In particular to the County, the Board of Supervisors has also set-aside a minimum of$5 million annually from funds returning to the County due to the dissolution of Redevelopment Agencies ("boomerang funds") and is working to use those funds to address needs that the Bond cannot be used for, including a variety of anti-displacement uses for residents at risk of losing their housing. Fiscal responsibility measures have been incorporated into the Housing Bond proposal including the establishment of an Independent Citizen's Oversight Committee to ensure that bond proceeds are being spent in compliance with the ballot measure. 2