Title
Recommendation to Authorize the City Manager to Sign a Commitment Letter to MidPen Housing and the Alameda Point Collaborative to Provide Operating Subsidy of up to $1 Million Annually with a 2.5% Annual Escalation for Twenty Years for the Stardust Gardens Supportive Housing Project Commencing in Fiscal Year 2028-2029 (Base Reuse & Economic Development, 29061822)
The streamlining provision of Public Resources Section 21083.3 and Section 15183 of the CEQA Guidelines apply and no further environmental review is required.
Body
To: Honorable Mayor and Members of the City Council
From: Gerry Beaudin, City Manager
EXECUTIVE SUMMARY
RESHAP (Rebuilding Existing Supportive Housing at Alameda Point) is a supportive housing redevelopment led by MidPen Housing in partnership with Alameda Point Collaborative ("APC"), Building Futures, and Operation Dignity (collectively, the "Collaborating Partners") that will replace the Collaborating Partners' existing World War II-era housing and facilities with 332 permanent homes for formerly unhoused individuals and families and low-income households. The first phase of the project, the 80-unit Stardust Gardens building, being developed by MidPen Housing and Alameda Point Collaborative, has received most of its construction funding, but cannot move to the final step until it secures an operating subsidy to cover the gap in rents needed to ensure affordability for extremely low-income households over the course of the project.
From the time RESHAP was initially approved by the City of Alameda (City) in 2017, the City, MidPen, and the Collaborating Partners have been transparent with AHA about the need for a rental subsidy to continue to serve the existing residents. APC has an existing contract with AHA for 25 project based vouchers ("PBVs"). APC has anticipated this contract would be canceled and could be awarded to Stardust Gardens. However, the Alameda Housing Authority (AHA) has not been willing or able to provide thi...
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