AgdaPkt 2008-10-27 Clsd and Reg - Laserfiche WebLink

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Ninety-five percent of the funds 'Mil be available by matching funds from voter-approved fees or taxes solely dedicated to transportation purposes, and 5 percent will be available by matching funds from unifonn developer fees through a competitive grant program. The California Transportation Commission (CTC) re/eased draft program guidelines on October 1, which can be found at http://www.catc.ca.aovlDraft SLPP Guidelines.pdf. The CTC will discuss the draft guidelines at the October 29-30 meeting in Riverside, and the December 10-11 meeting in Oakland. 8A Page 4 Additional information on these and other transportation programs can be found online at CTC: www.catc.caaov/programsf DOT: 'M\IW.dot. ca.aov/hQltransprog/ibond. htm Hlgh-Prlorlty Grade Separation Projects. $122.5 million in the FY 2007-08 budget, and an additional $63 million in AS 1252 (Caballero), Chapter 39 of 2008, was allocated for high-priority grade separation projects. Local Bridge Seismic Retrofit. $13.5 million (with the potential authority for an additional $2.8 million) was allocated in the FY 2007-08 budget, and an additional $21 million in the FY 2008-09 budget, to CTC for this program. These funds are to be allocated prior to June 30, 2010 and will be administered by Caftrans to provide the federal match requirement for local agencies for work on' bridges, overpasses and ramps. Public Transportation Capital Improvements. Prop. 1B designated $4 billion for various transit improvements, of which $3.6 billion will be distributed per an established formula among the state's transit agencies. $600 million was allocated for these transit capital improvements projects in the FY 2007-08 budget and an additional $350 million in the FY 2008-09 budget. Housing and Infrastructure Bond Proposition 1 C This measure allocates $2,85 billion for housing and infrastructure projects, most of which will be distributed by the Department of Housi~ and Community Development (HCD). Approximately half of the bond, $1.45 billion, will fund existing programs including the Multifamily Housing Program (MHP), Emergency Housing Assistance Program (EHAP), and Building Equity and Grov.th in Neighborhoods (BEGIN) programs. The remaining $1.4 billion is designated for infill infrastructure ($850 million), parks ($200 million), transit-oriented development ($300 mllfion), and innovative programs {$100 million}. Additional information on available funds can be found on HCD's Web site at WNW.hcd.ca.Qov/faf. Funding for Infilllnfrastructure. $540 million totaL $240 million was allocated in the FY 2007- 08 Budget, and an additional $100 million in AS 1252 (Caballero), Chapter 39 of 2008, and an additional $200 million allocation was included in the FY 2008-09 budget These funds have been made avalfable for a wide variety of capital improvements to support infill development. Grants are available to local agencies and nori..profit or fOr profit develOpers for developing in qualifying infill areas. Housing element compliance is a precondition. Fifteen percent of housing units must be affordable (for very low income households if the units are rental, or for moderate income households if the units are owner-occupied). Priorities INiI! be given to projects 1hat can demonstrate project readiness, higher' density, proximity to transit, parks, schools and jobs, consistency with adopted regional blueprints, and demonstrated local support Additional guidelines are provided by HCD. Brownfield Remediation. $60 million is allocated for loans and grants in the FY 2008--09 budget to deahup brownfieldsthatpromoteinfill residential and mixed use development consistent with regional and local land use plans. This program is required to be administered; in consultation 4