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HOPE 10-Year Plan to Prevent and End Homelessness in San Mateo County c. Funding Strategies The HOPE Planners have begun the process of describing, and in some cases quantifying the The resources needed to implement HOPE will be resources that will be needed to implement the developed using three related strategies: Plan's recommendations. Achieving the desired results of this Plan will require the dedication of . Use existing funds more efficiently. Existing significant resources needed for implementing the public and private funds can be maximized recommendations for oversight and guidance. through better coordination, streamlining and integration - working smarter. By being Below are two examples of funding strategies for clear on desired results and tying funding to affordable housing created in San Mateo County. accountability for results, funders can better target and coordinate existing resources, Rotary Floritas, San Mateo: 50 units of housing for such as through issuing joint requests for very low income seniors completed in 2005. proposals or by pooling funds. Eventually, as housing strategies are implemented there will be opportunities to recapture and redirect resources once spent on emergency interventions. Private $7,929,454 61.13% . Use local funds to leverage state and Non profit Dev. $1,641,176 12.65% federal resources. Having clear goals and Equity strategies, maximizing local coordination and Local $3,400,000 26.21% integration, and demonstrating results will government increase local government's ability to capture greater resources from the state and federal Total $12,970,630 100 % government, thereby maximizing the effective use of local dollars. Strategic use of local Grand Oak Apartments, South San Francisco: resources will allow for the leveraging of greater 42 units of housing for very low income families to amounts of housing and services dollars. be completed in 2007. . Increase local public and private investment. Demonstrating the efficient use of resources and the achievement of tangible results helps to build community will to invest greater local Private/State $12,360,000 66% resources in solutions to end homelessness. New investment can come from both the public Non profit Dev. $1,326,000 7% and private sector and can take different Equity forms, such as increased contributions from Local $4,995,000 27% individuals and businesses towards solutions to government end homelessness, or new revenue streams. Total $18,681,000 100% For every action or strategy the plan recommends, one or more of these funding strategies Private funds include loans, tax credits, may be used to implement the HOPE Plan federal and state dollars. recommendations. Local government funds: redevelopmentfunds, general funds, land, waivers, and locally administeredfederal dollars. 40