Title
Adoption of Resolution Authorizing Continued Participation in the Alameda County HOME Consortium for HOME Funds and Authorizing 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 City Manager to Take All Necessary Actions to Carry Out the City of Alameda's Participation in the Alameda County HOME Consortium. (Community Development 20161840)
Body
To: Honorable Mayor and Members of the City Council
From: Jennifer Ott, 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 in the Consortium must be approved by the City Council at three-year intervals and an Agreement executed between the City and the County of Alameda (County) to allow receipt of future funds. The partially executed Agreement is attached 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 29 years, the City received funding from this Program through its participation in the Consortium. The City's continued participation in the Consortium must be approved by City Council at three-year intervals and the Agreement executed to allow receipt of futu...
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