Title
Staff Report for Resolution Approving the City of San Leandro Annual Affordable Housing Trust Fund Report for FY 2013-2014
Staffreport
SUMMARY AND RECOMMENDATIONS
Staff recommends that the City Council review and approve the City of San Leandro's annual Affordable Housing Trust Fund Report for FY 2013-14 in accordance with the City of San Leandro's Inclusionary Housing Ordinance (Article 30 of the Zoning Code, Section 6-3028).
BACKGROUND
Under the City's Zoning Code Section 6-3028 and California Government Code Section 66006(b), the Community Development Director shall provide an annual report to the City Council on the status of activities undertaken with the City's Affordable Housing Trust Fund (Fund). The report evaluates the efficiency of the Ordinance in mitigating the City's shortage of affordable housing and recommends any changes to the Ordinance necessary to carry out its purposes, including any adjustments to the number of units required.
Additionally, the City Council must review the annual report and make it available to the public after public notice. The report includes a statement of income, expenses, disbursements and other uses of the Fund. The report also states the number and type of inclusionary units constructed or assisted during the year of the report and the amount of such assistance if applicable.
The Fund's balance as of June 30, 2014 was $67,856.76. In FY 2013-2014, the Fund received revenue of $34,788.36, which came from a $34,363 loan principal and interest repayment made by the non-profit Eden Housing on behalf of Estabrook Place, an affordable 51-unit senior rental housing development. There were no expenditures in this fiscal year.
No changes are recommended to San Leandro's Inclusionary Housing Ordinance at this time. Evaluation of the ordinance is being considered as part of the Housing Element Update.
Current Agency Policies
The Housing Element for 2007-14 of the City's General Plan a...
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