Attachment D: Lewelling Interim Housing Funding Sources (as of 10/8/23) Type Fund Name Amount
Amount to
Acquisition, Rehab
and/or Relocation
Amount to
Operations/Services Status Notes:
Federal
CDBG (FY22-23: $300K; FY 23-24: $207,682) $507,682 $507,682 Pending HUD release At the time this staff report was published, City was still awaiting HUD release of these CDBG funds per National Environmental Protection Act (NEPA) clearance.
HOME (FY20-21: $167,415; FY 21-22: $211,966; FY 22-23: $231,786; FY23-24: 225,239) $836,406 $836,406 Pending HUD release At the time this staff report was published, City was still awaiting HUD release of these HOME funds per NEPA clearance.
American Rescue Plan Act (ARPA) $750,000 $750,000
Available
Council approved on 11/1/21 an ARPA Budget for 2 Year FY21-23 Budget (Reso 21- 150). Fudndg source is US Dept of Treasury. These funds are available for use.
State
AB 102 Budget Act of 2023 $2,500,000 $2,500,000
Available
City was awarded this funding for acquisition and renovationsf for the Nimitz Motel when the Governor signed this bill into law on July 10, 2023. City will be reimbursed for these funds.
Project Homekey Round 3* $9,328,258 $8,068,258 $1,260,000 Pending State confirmation and release
At the time this staff report was published, City was still awaiting State HCD final written funding approval. Therefore, the Homekey funding amount may change. The operating/services subsidy may be used for 3 years.
Permanent Local Housing Allocation/PLHA (CY2020: $543,946; CY2021: $598,596) $1,142,542 $1,142,542 Pending State release May potentially be used for operations/services, but City is awaiting State confirmation. At the time this staff report was published, City was awaiting State execution of PLHA funding agreement amendments in order to release funds.
County
Homeless Housing, Assistance & Prevention (HHAP) $523,000 $523,000 Available State services funding via Alameda County.
HOME-ARPA ** $466,034 $466,034 Pending HUD/County
release
Conditional commitment letter from County HCD letter 1/26/23 pending Homekey award and HUD NEPA clearance.
City
Affordable Housing Trust Fund $374,500 $374,500 Available $309,500 have already been deposited for opening of escrow and subsequent extensions and will be applied to the purchase price at closing. $65,000 have been allocated to HCEB for predevelopment cost. Homekey may be able to reimburse the City for some or all of these AHTF funds.
General Fund*** $7,100,000 $7,100,000 Available/Guaranty City Council approved $1.6 million in re-allocated Police funding for navigation center in approved in 2 Year FY21-23 Budget. City Council also supported as part of its annual Council priorities and FY21-22 Budget approval process as an annual subsidy to the nav center for at least $ 1 million/fiscal year. City Council approved increasing this subsidy guaranty from $5.6 million to $7.1 million over 5 years on June 5, 2023.
Low/Mod Housing Asset Fund $0 $0 $0 TBD
TBD. Staff is assessing the available balance for L/M Housing Asset Fund to apply to this project for acquisition, rehab, operations/services, relocation, etc., if needed.
TOTAL $23,528,422 $14,645,422 $8,883,000
*Project Homekey Round 3 funding amount subject to change as City is awaiting formal written confirmation from State HCD shortly. **Conditional approval letter from Alameda County HCD in January 2023 ***$7.1 million subsidy guaranty over 5 years approved by City Council on June 5, 2023 (Reso 23-058) ****City Council on March 20, 2023 approved up to $3.2 million in surplus funds as bridge funding for the acquisition of the Nimitz Motel if needed to close escrow in a timely manner. *****Except for Homekey, AB 102 and City ARPA, City reserves the right not to use some of the other above listed funds if not necessary to implement this project.