AgdaPkt 2005-07-25 - Laserfiche WebLink

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54 {!- /4 ("PHH") for the development of 58 very low income rental units and 8 low income ownership town homes on EI Camino Real approximately 1/3 mile from the Caltrain Station. 2. Two grants were received for Housing Improvement Program funding: one from CCAG and one from MTC which will be used for off site improvements and enhancing the pedestrian linkages between the FCH/PHH projects on EI Camino Real and the Caltrain Station and downtown. 3. One site has been purchased and negotiations are underway for an adjacent parcel, which combined with a third adjacent parcel owned by the City will provide a site for senior housinglchild care project in the downtown. Funding is in place for the acquisition of the second site with the adoption of the FY 2005/06 budget. 4. A private developer has acquired a site in the downtown on Fuller Street for ownership housing. It is proposed that 15% plus 2 of the units be affordable to moderate income families. 5. The reconstruction of the Rolison Road Alley and site improvements required of the developer, PHH, has been completed, The only remaining task is the construction of a new neighborhood fence down the alley, Consensus has been achieved with the 18 property owners to allow the City to build the new fence on private property lines. An architect has been retained to design the fence and gate options and bidding packages are currently being developed. Construction is expected to be completed by August 30, 2005, 6. The administration of the set aside requirement for Marina Shores became a moot point with the defeat of Measure Q in November, No new project has been proposed, 7, The new five-year implementation plan was adopted by the Agency Board in December, 2004, 8. Home improvement loan activity during the program year included the rehabilitation of 14 single family units and 276 multifamily units. The multifamily units included the 72 Hallmark units, 27 Redwood Court units and 139 Casa de Redwood units. As of June 30, there were 5 single family units in progress. In addition, the Lead Based Paint Grant program completed 6 inspections, removed lead hazards in 5 units and completed 5 clearance inspections, The Residential Exterior Paint Program completed 21 projects. The Minor Home Repair Program completed 19 projects for low income seniors. 9. The Affordable Housing Strategy was put on hold pending completion of the housing economic analysis underway as part of the Downtown Precise Plan process. Two public workshops have been held. Council review of the analysis and its' implications in terms of height, density and affordability is scheduled to begin in August, 2005. REDEVSHARED_2005 STAFF REPORTS_07-2005Jinal Redevelopment Agency Budget for FY 2005/06 4 -- 1r..