AgdaPkt 2018-06-25 Joint SA PFA - Laserfiche WebLink

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CITY OF REDWOOD CITY EXECUTIVE SUMMARY CONSOLIDATED PLAN 2018-2022 & AMENDED ANNUAL ACTION PLAN FY2018 -2019 CONSOLIDATED PLAN OBJECTIVES, PRIORITIES & PROPOSED USE OF FUNDS The City of Redwood City’s 2018-2019 Annual Action Plan demonstrates a relationship between the 2018-2022 Consolidated Plan priorities and activities recommended for funding during the first year of the five year Plan. The major theme of the Consolidated Plan is “housing production and basic human needs”. The proposed activities to be undertaken with CDBG and HOME funds reflect the City’s strategy to target funds to programs that integrate a continuum of activities ranging from homeless assistance to economic development and the preservation and production of affordable housing. The target group to be assisted is households with incomes at or below 80% of the area median income for San Mateo County. All activities proposed for funding meet one or more of the City’s Consolidated Plan priorities. The City has identified a number of programs that will be delivered under each priority. Funding recommendations for CDBG were based on 50% for Affordable Housing activities, 15% for Public Services, 10% for Non-Housing Community Development and Economic Development, and a statutory allowance of 20% for Administration, Planning and Fair Housing. Funding recommendations for HOME were based on 75% for Affordable Housing activities, 15% set-aside for use by a Community Housing Development Organization (CHDO) and a statutory allowance of 10% for Administration. The City of Redwood City, in partnership with non-profit organizations and County agencies, will undertake numerous programs and activities to meet the five identified priorities of the Consolidated Plan and Annual Action Plan during fiscal year 2018-2019. The timeline for completion of these projects and programs and use of funds is June 30, 2019. 2018 -2019 FUNDING RECOMMENDATIONS BY PRIORITY PRIORITY # 1: AFFORDABLE HOUSING Priority Need Affordable Housing - Production and Preservation Priority Level High Population Extremely Low, Very Low and Low Income Households Large Families Families with Children Elderly Special Needs Groups Geographic Areas Citywide and low income census tracts. HOME funds may address needs and programs in contiguous jurisdictions if they will serve Redwood City residents Goals Affordable Housing – Production and preservation Description Creation of affordable housing and preservation of existing affordable housing, including special needs housing. Basis for Priority Based on the needs assessment and market analysis Redwood City's highest need for lower income households is for affordable housing 6.3.F. - Page 8