Title
Recommendation to Amend the Inclusionary Housing Program Guidelines to (a) Modify Available Preference Points, Including Adding a Preference for Eligible Alameda Unified School District Employees; and (b) Revise Underwriting Standards; and Direct Staff to Prepare a Proposed Amendment to the City's Inclusionary Housing Ordinance to Clarify the Appeal Process. (Housing 266)
Body
To: Honorable Mayor and Members of the City Council
From: Elizabeth D. Warmerdam, Acting City Manager
Re: Recommendation to Amend the Inclusionary Housing Program Guidelines to (a) Modify Available Preference Points, Including Adding a Preference for Eligible Alameda Unified School District Employees; and (b) Revise Underwriting Standards; and Direct Staff to Prepare a Proposed Amendment to the City's Inclusionary Housing Ordinance to Clarify the Appeal Process. (Housing 266)
BACKGROUND
Former Redevelopment Housing Funds.
This item is related to the continuing efforts of the City to implement changes resulting from the dissolution of redevelopment in 2012. To preserve funding for affordable housing projects and programs within the City, staff of Community Development Department, City Attorney's Office and the Housing Authority (Authority) have been working with the State Department of Finance to ensure former redevelopment tax increment funds earmarked for affordable housing (Housing Funds) continue to flow to the City. Certain of those Housing Funds flow through the Alameda Unified School District (AUSD) pursuant to a 1991 Pass-Through Agreement. The Department of Finance (DOF) determined in 2016 that this pass-through should continue. Therefore, a Memorandum of Understanding (MOU) was negotiated between AUSD and the Authority (which acts as the implementer of affordable housing production and programs for the City of Alameda) to establish a process to utilize those Housing Funds. See Exhibit 1 (MOU). As part of implementing the MOU, the City is being requested to amend it...
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