REPORT TO COUNCIL
SUBJECT
Title
Actions authorizing the County of Santa Clara to allocate up to $409,950 of the City's 2020 Permanent Local Housing Allocation (PLHA) Funds to rehabilitate and preserve the Belovida Santa Clara Senior Apartments located at 1820 Main Street.
Report
COUNCIL PILLAR
Promote and Enhance Economic, Housing and Transportation Development
BACKGROUND
Senate Bill 2 (2017), as authorized by Health and Safety Code Section 50470, was part of a 15-bill housing package aimed at addressing the state's housing shortage and high housing costs. One of the results was the creation of the Permanent Local Housing Allocation (PLHA) Program which uses recording fees on real estate documents to fund programs that increase the supply of affordable homes in California. PLHA allocations are based on the same formula used to award federal Community Development Block Grant (CDBG) funds to eligible communities in Federal Fiscal Year (FFY) 2017.
While actual funding amounts are determined each year, the State has estimated the City of Santa Clara's total five-year (2019-2023) PLHA allocation will be $2,876,946. These funds are distributed in five installments over the five-year period of the agreement. The State requires jurisdictions and consortiums receiving PLHA funds to develop a five-year spending plan which identifies activities for which the funds will be used. PLHA funds may be used for any combination of the following ten activities:
* Activity #1: Construction and rehabilitation, including predevelopment, development, acquisition, rehabilitation, and preservation of multifamily, residential live-work, rental housing that is Affordable to Extremely low-, Very low-, Low-, or Moderate-income households, including necessary operating subsidies.
* Activity #2: The predevelopment, development, acquisition, rehabilitation, and preservation of Affordable rental and ownership housing, including Accessory dwelling units (ADUs), that meets the needs of a growin...
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