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BACKGROUND <br />The Home Investment Partnership Program (HOME) was established through the <br />Cranston-Gonzalez National Affordable Housing Act of 1990 to provide funding for the <br />new construction or substantial rehabilitation of affordable housing. The program is <br />separate from other federal programs such as the Community Development Block Grant <br />(CDBG) program. <br />When the HOME program was first established, the only cities in Alameda County <br />which met the Department of Housing and Urban Development (HUD) criteria for an <br />independent HOME funding allocation were Oakland and Berkeley. In order to attain <br />eligibility to receive a HOME funds allocation, the remaining smaller jurisdictions in <br />Alameda County entered into an agreement in 1993 to form the Alameda County HOME <br />Consortium. The Consortium provided the necessary mass to qualify as a "jurisdiction" <br />for the purpose of receiving an allocation of HOME funds. <br />Pleasanton has participated as part of the Alameda County HOME Consortium since <br />1993. Through this participation, the City has been eligible to receive approximately <br />$100,000 to $170,000 each year. The use of HOME funds is summarized below: <br />Fiscal Year Amount Pro'ect <br />1993 $100,000 Transitional housing project (located in Livermore) <br />1994/ $260,000 Construction of 4 apartments in The Promenade Apartments for persons <br />1995 with physical disabilities <br />1996 $136,440 Acquisition by HOUSE, Inc., of second residence in Pleasanton for 4 <br /> adults with developmental disabilities <br />1997 $149,150 Acquisition by HOUSE, Inc., of third residence in Pleasanton for 4 adults <br /> with developmental disabilities; funding of monthly rent subsidies for Tri- <br /> Valley Housing Scholarship Program (TVHSP) <br />1998 $159,650 Acquisition and rehabilitation of 9-unit housing complex for very low <br /> income families in Livermore (including two units for Pleasanton TVHSP <br /> clients); funding of monthly rent subsidies for TVHSP <br />1999 $171,700 Acquisition and rehabilitation of 9-unit housing complex for very low <br /> income families in Livermore (including two units for Pleasanton TVHSP <br /> clients); funding of monthly rent subsidies for TVHSP <br />2000 $171,950 Assistance to Deaf Senior Retirement Corporation to construct a regional <br /> housing complex for deaf seniors in Fremont; funding of monthly rent <br /> subsidies for TVHSP <br />2001 $188,037 Acquisition by HOUSE, Inc., of fourth residence in Pleasanton for adults <br /> with developmental disabilities; funding of monthly rent subsidies for <br /> NHSP <br />2002 $187,200 Assistance to Allied Housing, Inc., to construct a regional housing <br /> complex for dually-diagnosed formerly homeless persons in Castro <br /> Valley; funding of monthly rent subsidies for TVHSP <br />2003 $208,629 Assistance to Allied Housing, Inc., to construct a regional housing <br /> complex for dually-diagnosed formerly homeless persons in Castro <br /> Valley; funding of monthly rent subsidies for TVHSP <br />Page 2 of 6 <br />