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BACKGROUND Alameda County Measure Al Bond In November 2016, the Bond was passed by over 73% of voters. The $580 million countywide Housing Bond program will fund the following three programs related to homeownership and two programs related to rental housing development: 1) Down Payment Assistance Loan Program ($50 million), designed to assist middle- income households to purchase homes and stay in Alameda County; 2) Homeownership Housing Development Program ($25 million), designed to assist in the development and long-term affordability of homeownership housing for low- income households to become first-time homebuyers; and, 3) Housing Preservation Loan Program ($45 million), to help seniors, people with disabilities, and other low-income homeowners to remain safely in their homes. 4) Rental Housing Development Fund ($425 million), to create and preserve affordable rental housing for vulnerable populations. See below for allocations by city from this Fund within Alameda County; and, 5) Innovation and Opportunity Fund ($35 million), to respond quickly to capture opportunities that arise in the market to preserve and expand affordable rental housing and/or prevent tenant displacement. Below is a list of the Bond funding allocations for each Alameda County city from the Rental Housing Development Fund totaling $225 million. The remaining $200 million from the Rental Housing Development Fund will be allocated to a regional competitive housing pool divided by North County, Mid County, East County and South County. MidPen Housing seeks $4.6 million from the City's $13.7 million allocation from this Fund. • City of Alameda ($10.3 million) • City of Albany ($2.6 million) • City of Berkeley (15.8 million) • City of Dublin ($8.8 million) • City of Emeryville ($2.8 million) • City of Fremont ($33.3 million) • City of Hayward ($20.3 million) • City of Livermore ($12.7 million) • City of Newark ($6 million) • City of Oakland ($54.8 million) • City of Piedmont ($2.4 million) • City of Pleasanton ($13.7 million) • City of San Leandro ($11.9 million) • Unincorporated Alameda County ($19.7 million) • City of Union City ($9.8 million) Implementation of the programs to be funded by the Bond is expected to happen over an eight-year period. Alameda County Housing and Community Development Department Page 2 of 3