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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 FY2017/18 as well as an annual assessment of the City's progress toward meeting its goals for housing and community development. Pleasanton anticipates receiving approximately$270,000 in federal CDBG funds for federal Fiscal Year 2017 and the City will allocate$306,000 in local Lower Income Housing Funds and $199,251 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 a 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 and the City commenced annual payments to repay the loan. In 2016,the Pleasanton Housing Authority completed the disposition of its property, Kottinger Place, to the City. 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 $13.75 million towards the project and also provided a loan for the project in the amount of$450,000 in federal HOME Funds. Construction of the first phase of Kottinger Gardens was completed in March 2017 and residents were moved into their new units. The second and final phase of the project is expected to begin construction in fall 2017 following the completion of financing and permitting. 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 Mason Flats and Galloway 1/2 apartment projects which provided an aggregate total of 108 Below Market Rate Units at 50%of Area Median Income in 2016 and 2017. 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 Annual Action Plan 1 2017 OMB Control No:2506-0117(exp.07/31/2015)