AgdaPkt 2016-12-12 Closed and Joint SA PFA

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6.3.A. - Page 9 A key component of the Consolidated Plan is the preparation of an Annual Action Plan. In Redwood City, the Annual Action Plan constitutes funding recommendations made by the Housing and Human Concerns Committee (HHCC) for approval by Council each year to implement the three or five-year strategy. The funding recommendations include amounts and specific programs and activities to be funded from each annual entitlement of CDBG and HOME funds the City will receive during the three or five-year term. The HHCC is recommending an Annual Action Plan for fiscal year 2015-2016 that proposes funding for programs and activities to be carried out during the first year of the Plan. The total amount of funding will be based on the City's expected entitlement from CDBG and HOME, as well as program income received from the City's Home Improvement Loan Programs revolving loan fund. Other state and local funds will be used to leverage these funds to address the priority needs of the Annual Action Plan The Annual Action Plan identifies all sources of funding, specific activities recommended for funding, and information regarding the location of activities to be funded. The Housing and Human Concerns Commission forwards their recommendations for capital and land use related activities to the Planning Commission (Commission) each year to concur that the proposed activities for funding meet the goals and objectives of the City's General Plan. The capital and land use activities recommended for funding in 2015-2016 are continuing activities that were reviewed by the Commission last year The HHCC and Planning Commission review of the Consolidated Plan priorities for conformance to the General Plan will assure that the strategy, priorities, and proposed programs for funding will follow the Land Use, Housing, and Human Services Elements of the General Plan. Copies of the public notices, meeting agendas and minutes are available for public review in the Planning & Housing Division of the Community Development Department. 3. Evaluation of past performance The City will meet or exceed the quantitative goals and objectives of its previous Consolidated Plan. The process implemented by the City has been effective, however based on past performance they City has modified and improved goals by expanding the activities that can be undertaken under each priority. This will allow greater flexibility to help the City achieve its goals with ever changing market conditions. As an example, construction of new affordable housing, both rental and ownership has become extremely difficult due to many market factors including the cost of land and the loss of Redevelopment Agencies and subsequent funds in California. While the need for additional affordable housing is still the City's highest unmet need, the affordable housing priority set lower numbers for new housing development and broadened the objectives to allow for various activities as opportunities arise. The City also now allows housing development applications to be submitted at any time, as opportunities arise, rather than once a year. Consolidated Plan REDWOOD CITY 6 OMB Control No: 2506-0117 (exp. 07/31/2015)