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9.A. - Page 5 of 17 • $350,000 is expected to be received in Permanent Local Housing Allocation (PLHA) funds through the State. This funding will be allocated to support affordable housing efforts The Housing Division budget fluctuates greatly from year to year, dependent upon grant opportunities and funding availability. Mid -year adjustments to the Housing Division budget will be made this fall to account for the funding allocations listed above. In addition to these direct allocations from the City funds, $2 million in affordable housing impact fees from the Premia office development at 1180 Main Street will be paid directly to HIP Housing to purchase a 10 -unit property to convert to affordable housing. The City was also awarded Challenge Grant from the Partnership for the Bay's Future (PBF) to work on housing preservation and protection initiatives. The Challenge Grant includes a two-year management fellow, technical assistance, access to other PBF funding opportunities, and a direct funding allocation to the City's community partner, Legal Aid Society of San Mateo County. The estimated value of the Challenge Grant is over $250,000. In summary, the City anticipates $9 million of direct and indirect funding will be used to support affordable housing efforts in FY 2020-21. Lastly, in FY 2019-20, the City directed $1.6 million in funding for rental assistance to support vulnerable residents as a result of the COVID-19 pandemic and has allocated an additional $360,000 in CDBG funds for FY 2020-21 to continue the program. Homeless Programs and Services The City's focus on housing also includes over $1.7 million from the City's General Fund, CDBG Funds, and grant funds from private donors to prevent and end homelessness in our community. These include: • $525,131 to provide basic emergency and safety net services at the Fair Oaks Community Center — including assessment and referral for emergency housing options for the homeless, homeless prevention, utility assistance, and transportation for homeless individuals • $378,664 to fund the Downtown Streets Team (DST), providing a work experience program that empowers homeless individuals and acts as a stepping -stone into employment, housing, and a better life, while providing a service to keep Redwood City streets clean • $120,423 to support emergency shelter and housing support services for individuals and families in Redwood City • $82,500 to support other related basic programs and services including shower and laundry services, health services, homesharing, and support for victims of domestic violence • $650,000 to launch Safe Parking Program to address issue of residents living in RV/Motorhomes on the street FY 2020-21 Budget at -a -Glance The FY 2020-21 Recommended Budget for all funds totals $292.9 million in revenues and $292.6 million in expenditures (before transfers in/out). The General Fund revenue portion of the budget is $148.3 million. Due to the COVID-19 pandemic, and the resulting revenue shortfall, the General Fund is projected to have a deficit of $10.1 million. Page 5 of 9 City of Redwood City 1017 Middlefield Road, Redwood City, CA. 94063 Tel: 650-780-7000 www.redwoodcity.org 440