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AgdaPkt 2019-04-22 Joint SA PFA
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AgdaPkt 2019-04-22 Joint SA PFA
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Last modified
5/1/2019 7:49:21 AM
Creation date
4/19/2019 5:03:45 PM
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Template:
CC Index
CC Index - Document Type
Agenda Packet
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
4/22/2019
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8.A. - Page 55 of 64 <br />ft I wood <br />I# l caliknia <br />Powded 1LGi <br />CITY OF REDWOOD CITY <br />EXECUTIVE SUMMARY <br />ANNUAL ACTION PLAN FY2019-2020 <br />The City of Redwood City's 2019-2020 Annual Action Plan demonstrates a relationship between the 2018-2022 <br />Consolidated Plan priorities and activities recommended for funding during the second year of the five year Plan. <br />The major theme of the Consolidated Plan is "housing production and basic human needs". The proposed activities <br />to be undertaken with CDBG and HOME funds reflect the City's strategy to target funds to programs that integrate <br />a continuum of activities ranging from homeless assistance to economic development and the preservation and <br />production of affordable housing. The target group to be assisted is households with incomes at or below 80% of <br />the area median income for San Mateo County. All activities proposed for funding meet one or more of the City's <br />Consolidated Plan priorities. The City has identified a number of programs that will be delivered under each <br />priority. <br />Funding recommendations for CDBG were based on 50% for Affordable Housing activities, 15% for Public Services, <br />10% for Non -Housing Community Development and Economic Development, and a statutory allowance of 20% for <br />Administration, Planning and Fair Housing. Funding recommendations for HOME were based on 75% for <br />Affordable Housing activities, 15% set-aside for use by a Community Housing Development Organization (CHDO) <br />and a statutory allowance of 10% for Administration. The City of Redwood City, in partnership with non-profit <br />organizations and County agencies, will undertake numerous programs and activities to meet the five identified <br />priorities of the Consolidated Plan and Annual Action Plan during fiscal year 2019-2020. The timeline for <br />completion of these projects and programs and use of funds is June 30, 2020. <br />PRIORITY # 1: AFFORDABLE HOUSING <br />Priority Need <br />Affordable Housing - Production and Preservation <br />Priority Level <br />High <br />Population <br />Extremely Low, Very Low and Low Income Households <br />Large Families <br />Families with Children <br />Elderly <br />Special Needs Groups <br />Geographic Areas <br />Citywide and low income census tracts. HOME funds may address needs and programs in <br />contiguous jurisdictions if they will serve Redwood City residents <br />Goals <br />Affordable Housing — Production and preservation <br />Description <br />Creation of affordable housing and preservation of existing affordable housing, including <br />special needs housing. <br />Basis for Priority <br />Based on the needs assessment and market analysis Redwood City's highest need for lower <br />income households is for affordable housing <br />183 <br />
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