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supports nine units for families in the Housing Alliance Project located the <br /> Unincorporated County. <br /> <br /> HCD parmers with Oakland Housing Authority on a ten-year (FY92) Single Room <br /> Occupancy Assistance (SRO) grant covering 59 units in Oakland (the SRO funds are in <br /> the Oakland Housing Authority's budget) and 32 Shelter Plus Care Section 8 Certificates <br /> that were as a result of a negotiated settlement between HCD, HUD and the Public <br /> Housing Authority. <br /> <br /> HCD administers an annually renewed Tenant-based housing rental assistance (TRA) <br /> grant to provide assistance to 214 units. Approximately 40% of the TRA grant is <br /> allocated to assist Shelter Plus Care participants living in the HOME Consortium. <br /> <br /> HCD was awarded a TRA grant specifically to provide housing assistance to Shelter Plus <br /> Care eligible persons living with AIDS. This program, known as the Shelter Plus Care <br /> Collaborative, is jointly administered with the City of Berkeley, with 15 certificates going <br /> to Berkeley, and 34 to cover the City of Oakland and the HOME Consortium. <br /> <br /> HCD administers a Project-Based Rental Assistance (PRA) grant to provide 14 units of <br /> permanent supported housing at Alameda Point. Participants include veterans and <br /> survivors of domestic violence who are homeless and have one or more disabilities <br /> targeted by Shelter Plus Care. <br /> <br /> FY 2005 Amount(s): (no direct allocations to Pleasanton are anticipated) <br /> <br />STATE <br /> <br />California Housing Finance Agency (CalltFA) <br /> <br /> CalHFA provides a variety of tax-exempt bond financing for the creation and <br /> preservation of affordable housing. CalHFA also provides bond financing for qualified <br /> first-time homebuyers. The City recently successfully completed the refinancing of the <br /> existing mortgage for Ridge View Commons, a 200-unit apartment complex for very low <br /> income seniors. The refinancing includes an interest rate buydown which will improve <br /> the project's cash flow and potentially yield enhanced affordability. <br /> <br /> The HELP (Housing Enabled by Local Partnerships) program offers 3% interest rate <br /> loans to local government agencies for locally determined affordable housing activities <br /> and priorities. The City successfully applied for $450,000 in HELP funds in 2004 (in <br /> collaboration with the City of Livermore) to establish a down payment assistance loan <br /> program for low and moderate income Pleasanton home buyers. The state funds are <br /> being combined with $150,000 in local (City Housing) funds. The City will submit a new <br /> application for HELP funds in 2005 to provide gap financing for its assisted living facility <br /> project to be developed Sunol Boulevard in 2005 and 2006 on Sunol Boulevard. <br /> <br /> DRA~r - Action Plan - FY05 <br /> City of Pleasanton <br /> Page 4 <br /> <br /> <br />