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09B
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2018
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020618
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09B
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1/31/2018 5:22:20 PM
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1/31/2018 3:20:48 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
2/6/2018
DESTRUCT DATE
15Y
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Below is a list of the Bond funding allocations for each Alameda County city from the Rental <br />Housing Development Fund totaling $225 million. The remaining $200 million from the Rental <br />Housing Development Fund will be allocated to a regional competitive housing pool divided by <br />North County, Mid County, East County and South County. <br />• City of Alameda ($10.3 million) <br />• City of Albany ($2.6 million) <br />• City of Berkeley (15.8 million) <br />• City of Dublin ($8.8 million) <br />• City of Emeryville ($2.8 million) <br />• City of Fremont ($33.3 million) <br />• City of Hayward ($20.3 million) <br />• City of Livermore ($12.7 million) <br />• City of Newark ($6 million) <br />• City of Oakland ($54.8 million) <br />• City of Piedmont ($2.4 million) <br />• City of Pleasanton ($13.7 million) <br />• City of San Leandro ($11.9 million) <br />• Unincorporated Alameda County ($19.7 million) <br />• City of Union City ($9.8 million) <br />The City of Pleasanton's $13,720,684 "Base City Allocation" has a remaining balance of <br />$7,748,616. <br />Base City Allocation: <br />County HCD Administration Cost (including bond issuance) <br />54 -unit Kottinger Gardens Phase 2 development <br />Remaining balance <br />$13,720,684 <br />$ 1,372,068 <br />$ 4,600,000 <br />$ 7,748,616 <br />SAHA seeks $7,195,844 million for its Sunflower Hill project. Allocating these funds to the <br />project will leave the City with a remaining balance of $552,772 it can allocate to another <br />affordable rental housing project. County HCD will bring a recommendation on the allocation of <br />"Base City Allocation" funds to the Board of Supervisors on February 27, 2018. <br />DISCUSSION <br />Consistency with Housing Element <br />The ENRA discusses the use of the Lower Income Housing Fund (LIHF) (see Municipal Code <br />§2.38.010) to support affordable housing projects, such as the Sunflower Hill project. The use <br />of LIHF to support Sunflower Hill is consistent with the Municipal Code and Housing Element, <br />as the Municipal Code specifically provides (in relevant part, emphasis added): <br />"17.40.090 Use of lower-income housing fund. <br />A. Any moneys generated by this chapter shall be used in accordance with and in support of <br />activities to implement the city's adopted housing element. Activities may include, but are <br />PUD -129, Sunflower Hill Housing Commission <br />5 of 9 <br />
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