RES 231370 - Laserfiche WebLink

Federal assistance for the development of housing to meet the housing needs of households with extremely low,low,and very low incomes as well as those with disabilities(including developmental disabilities). Potential sources may include the HUD Section 202 and 811 programs(for The City continues to seek state and federal assistance to the greatest extent feasible. senior housing and housing The City's ability to secure an open source of funding for affordable housing has been for persons with disabilities), hampered by the significant reduction and/or elimination in recent years of many of the the State HELP and CHFA traditional programs such as Sections 202,811,and HELP. The City continues to review State/Federal Seek funding annually and available options on aproject-specific basis and has approved financing programs programs, Support the development of housing for when specific development p pp g rams p g lower-income housing tax persons with special needs. proposals are brought related to new affordable housing projects such as Kottinger Gardens Phase 2 and credits,and bond financing. forward. Sunflower Hill. For example,the City worked with Alameda County to secure Measure The timing of application will Al bond funds:$4.6 million for Kottinger Gardens Phase 2,which was completed and depend upon the schedule fully leased up in September 2019,and nearly$7.2 million for Sunflower Hill,which was for specific projects completed in 2020. The City continues to monitor the availability of new funding sources proposed by individual for affordable housing and will apply for funding as appropriate. developers in as much as the City does not currently own any land for development of housing affordable to low-and very low-income households and those with disabilities.If the City is successful in securing an open source of funding for housing affordable to low-