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<br /> 8A <br /> Page 4 <br /> Organizations (CHDOs) in the county. This will help Redwood City fully <br /> utilize our avairable HUD funding. <br />. Department of Housing and the Human Services Agency are taking the <br /> lead on this effort. <br />. pran aUows us to do things we can't do on our own with regards to ending <br /> homelessness. <br />Oisadvantaqes: <br />. Most of the cost savings generated by the HOPE effort in the long-term <br /> would not be seen by the City per ser but would be seen more at the <br /> county level. <br />. Although endorsement is defined as support for the vision, principlesf and <br /> overarching results and goals, some might have the expectation that the <br /> City will implement each specific initiative and suggest the City is not <br /> being a team player in trying to end homelessness if we don't implement <br /> each specific initiative. <br />Implications for HHCC and the City: <br />. The endorsement of the HOPE Plan likely means no changes in the way <br /> Redwood City distributes its federal funding for affordable housing: <br />. The City will continue to follow its Consolidated Plan with regards to <br /> funding criteria for our CDBG/HOME/HSFA funds~ The committee felt <br /> strongly that the City already does many of the things called for in the <br /> HOPE plan~ <br />. The City will continue to be responsible for making its own decisions with <br /> regards to homelessness and housing in our community. We will have the <br /> benefit of the broader county context as we make those decisions. <br />. There are no costs involved with endorsing HOPE~ Over time, the HHCC <br /> may recommend that the City use some of our funds to support HOPE <br /> related projects that are consistent with our Consolidated Plan criteriaw <br />Relationship of HOPE to HEART (Housing Endowment and Reoional Trust): <br />. 80th HOPE and HEART propose to create additional funding streams and <br /> encourage private owners to sell their property for use as affordable <br /> housing. Rather than create a parallel structure, the HOPE Plan cites <br /> HEART as the lead agency with regards to creating a permanent and <br /> dedicated source of funding for affordable housing and with regards to <br /> developing tax-related incentives. But HEARTls mandate is broader than <br /> the HOPE Plan. HOPE represents a segment of the population served by <br /> HEART. The HHCC recognizes that the specifics of the relationship of <br /> HOPE to HEART need to be worked out. Some of the questions which <br /> remain to be addressed are: <br /> 1. Witl non-HOPE related projects still be able to access funding through <br /> HEART? <br /> 2. How much of HEART's funds will go towards ending homelessness? <br /> 2 <br />