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Fiscal Year Amount Pro'ect 2004 $198,484 Assistance to Allied Housing, Inc., to construct a regional supportive housing complex for disabled and victims of domestic violence in Livermore (Carmen Ave.); funding of individual loans through the City's Housing Rehabilitation Program; funding of monthly rent subsidies for NHSP 2005 $198,825 Funding of monthly rent subsidies for NHSP (approx. $50,000) ($149,371 not yet programmed] 2006 $180,237 (not yet programmed; maybe considered for use in the Kottinger Place 2007 $177,636 redevelopment project.) 2008 $169,962 DISCUSSION The City has participated in the HOME program for the past nine years through an existing cooperative agreement with Alameda County which was approved by the City Council in 1993 and renewed in 1996, 1999, 2002, and 2005. The agreement delegated to the City Manager the authority to perform the necessary administrative functions relative to the program during the three-year terms of the past three agreements. With the start of a new three-year term in FY 2009 (beginning July 1, 2009), the County has requested that each participating jurisdiction renew its participation in the Consortium through the renewal of the cooperative agreement. HUD regulations require the agreements to be in place one year in advance of the start of the fiscal year. A copy of the updated agreement is attached. The agreement is essentially the same as the current agreement and would confirm Pleasanton's continued participation as a member of the Alameda County HOME Consortium for the next three fiscal years (2009, 2010, and 2011; the current agreement will apply through 6/30/2009). Pleasanton would continue to receive a formula allocation of HOME funds which is expected to be approximately $150,000 to $170,000 each year based on recent allocations (but will vary according to federal funding trends). The cooperative agreement designates Alameda County as the lead agency and representative member of the Consortium, as required by HUD. The City Manager would continue to serve as the City designate to whom all communication regarding the HOME program would be directed. The City's Housing Specialist would continue to attend bi-monthly meetings of the HOME Technical Advisory Committee (TAC), a committee comprised of representatives of all jurisdictions in the Consortium which reviews funding proposals and provides recommendations on policies and spending priorities. The term of the agreement would be three years (2009, 2010, and 2011, or through 6/30/2012), the minimum period allowed by HUD. As with the prior agreement, the renewed agreement would authorize the City Manager to take all necessary Page 3 of 6