Title
Adoption of Resolution Approving Continued Participation in the Alameda County HOME Consortium and Authorizing the City Manager to Execute the HOME Consortium Cooperative Agreement with Alameda County. (Housing 235)
Body
To: Honorable Mayor and Members of the City Council
From: Jill Keimach, City Manager
Re: Adoption of Resolution Approving Continued Participation in the Alameda County HOME Consortium and Authorizing the City Manager to Execute the HOME Consortium Cooperative Agreement with Alameda County
BACKGROUND
Title II of the Cranston-Gonzales National Affordable Housing Act of (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. Program funding levels have fluctuated over the years, but in recent years the federal budget for HOME has steadily decreased and the President's budget proposes to eliminate the Program altogether.
Based on current population levels, Alameda is not eligible to receive HOME funds directly. Therefore, for the past 23 years, Alameda has received funding from this Program through its participation in the Alameda County HOME Consortium (Consortium). The City's continued participation in the Consortium must be approved by the City Council at three-year intervals and the Consortium Cooperative Agreement executed to allow receipt of future funds. The City also executes a contract designating the City of Alameda as a sub-recipient of HOME funds on an annual basis in the approved three-year term of the Consortium Cooperative Agreement. The Consortium Cooperative Agreement is attached as Exhibit 1.
DISCUSSION
The Consortium members include Alameda County and seven incorporated cities in the County. (Oakland and Berkeley are large enough to receive HOME funds directly and are not included in the Consortium.) Alameda...
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