Title
Adoption of Resolution Authorizing Continued Participation of the City of Alameda in the Alameda County HOME Consortium for HOME Funds and Authorizing the Execution of the Necessary Documents to Maintain the Eligibility of the Consortium for HOME Program Funds in Accordance with the National Affordable Housing Act of 1990; and
Recommendation to Authorize the Interim City Manager, or Designee, to Execute an Agreement with Alameda County Housing and Community Development to Accept HOME Funds for Fiscal Year 2026-27. (Housing and Human Services 201)
Body
To: Honorable Mayor and Members of the City Council
From: Adam W. Politzer, Interim City Manager
EXECUTIVE SUMMARY
The City of Alameda (City) receives HOME funds through its participation in the Alameda County HOME Consortium (Consortium). The purpose of the HOME program is to expand the supply of affordable housing for low- and moderate-income households. Alameda County Housing and Community Development (ACHCD) is the lead agency for the Consortium. The City's continued participation as a member of the Consortium must be approved by the City Council every three years and an Agreement will need to be executed between the City and the County of Alameda (County) to allow receipt of future funds. The partially executed Agreement is included as Exhibit 1.
BACKGROUND
Title II of the Cranston-Gonzales National Affordable Housing Act (NAHA) of 1990 created the HOME Program. The HOME Program provides financing for a wide range of affordable housing programs and activities that benefit low- and moderate-income households and special populations such as the elderly and persons with disabilities.
Based on current population levels, the City is not eligible to receive HOME funds directly from the federal government. Therefore, for the past 32 years, the City received funding from this Program through its participation in the Consortium. The City also executes an annual agreement designating the City as a sub-...
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