Title
Public Hearing to Consider Adoption of Joint City Council/SACIC Resolution Approving the Development List of Affordable Housing Projects and Related Funding Requests Consistent with the 1991 Pass-Through Agreement with the Alameda Unified School District (AUSD); and
Recommendation to Authorize the City Manager to Submit the Recognized Obligation Payment Schedule (ROPS) and Administrative Budget for the Period from July 1, 2025 to June 30, 2026 to the Countywide Oversight Board. [City Council and SACIC] (Finance 70124051)
Body
To: Honorable Chair and Members of the Successor Agency to the Community Improvement Commission of the City of Alameda/Honorable Mayor and Members of the City Council
From: Jennifer Ott, City Manager
EXECUTIVE SUMMARY
Staff recommends implementing provisions of the District Housing Fund contained in the 1991 Pass-Through Agreement between the Alameda Unified School District (AUSD) and the former Community Improvement Commission of the City of Alameda (CIC) by approving the Development List and Funding Request submitted by AUSD. This would provide for $1 million in Fiscal Year (FY) 2025-26 and $2 million in FY 2026-27 Redevelopment Property Tax Trust Funds to be allocated to a proposed 40-50-unit affordable family housing project, a development of the Housing Authority of the City of Alameda (AHA) and is located at 2615 Eagle Avenue (The Poplar).
Staff also recommends authorizing the City Manager to submit the Recognized Obligation Payment Schedule (ROPS 2025-26) and Administrative Budget for the period from July 1, 2025 to June 30, 2026 to the Countywide Oversight Board. Once the Countywide Oversight Board and California Department of Finance (DOF) approve the ROPS, the Successor Agency to the CIC of the City of Alameda (Successor Agency) may pay its financial obligations for FY 2025-26.
BACKGROUND
State Law enacted by Assembly Bill X126 (2011), as modified by Assembly Bill 1484 (2012), and Senate Bill 107 (2015), dissolved a...
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