Title
Adoption of Resolution Authorizing the Submission of an Application for Senate Bill 2 Funding from the State Department of Housing and Community Development Under the Permanent Local Housing Allocation (PLHA) Program, Accepting PLHA Funding, and Allocating PLHA Funding;
Adoption of Resolution Amending the PLHA Five-Year Plan Grant Budget (G24010) to Increase 2022 Allocation Revenues and Expenditures in the Amount of $479,024; and
Recommendation to Authorize the City Manager to Negotiate and Execute Related Documents, Agreements, and Modifications. (City Manager 10021833)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
State Senate Bill 2 (SB2), the Building Homes and Jobs Act (Act), created the PLHA program, which provides formula grants to entitlement jurisdictions based upon the formula prescribed under federal law for the Community Development Block Grant (CDBG) program. The primary goal of the PLHA program is to create a permanent source of funding to address unmet housing needs.
In July 2020, the City of Alameda (City) submitted a PLHA application (2020 PLHA Application) and was awarded approximately $3.3 million over the next five years. To date, the City has received approximately $2,383,008 of PLHA funds collected during calendar years (CY) 2019, 2020 and 2021.
The City is conducting a public hearing to receive comments on the proposed PLHA application for funds from CY 2022. Following the public hearing, it is recommended that City Council authorize staff to submit the PLHA application, accept and appropriate $479,024 of PLHA funding, and authorize the City Manager to negotiate and execute necessary documents related to the application.
BACKGROUND
In September 2017, the California Legislature approved the Act, which established a $75 recording fee on real estate documents to provide a funding source that helps increase the supply of affordable housing. The Act establishes...
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