Title
Public Hearing to Consider Adoption of Joint Resolution Approving the Development List of Affordable Housing Projects and Funding Request for Such Projects as Requested by the Alameda Unified School District (AUSD). [City Council/SACIC] (Community Development)
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
EXECUTIVE SUMMARY
This staff report recommends a process for implementing the 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). The process would provide for approximately $1.8 million in Redevelopment Property Tax Trust Fund (RPTTF) money to be allocated to Rosefield Village, a 92-unit affordable housing project, and would release approximately $4.4 million to taxing entities currently being retained by the County Auditor-Controller during Fiscal Year (FY) 2020-21. On a going-forward basis, implementation of the District Housing Fund obligation under the 1991 Pass-Through Agreement would be managed by the Successor Agency. The Auditor-Controller would no longer hold RPTTF funds for this obligation.
BACKGROUND
In 1991, as part of establishing the Business and Waterfront Improvement Project (BWIP), the CIC approved a Pass-Through Agreement with AUSD that, among other things, established an AUSD ("District") Housing Fund. The intent of the District Housing Fund was to provide AUSD with 40% of the CIC's affordable housing set-aside funds to construct housing for District employees.
With the dissolution of redevelopment agencies and establishment of successor agencies in 2012, the status of the District Housing Fund was one of the items subject to unwinding by the Successor Agency to the CIC. At the time of dissolution, the District Housing Fund, which was control...
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