HomeMy WebLinkAboutReso 120-21 Authorizing the Commitment of $5,048,319 in Alameda County Measure A-1 Bond Funds from Dublin’s Base City Allocation to Eden Housing
Reso. No. 120-21, Item 4.6, Adopted 10/05/2021 Page 1 of 2
RESOLUTION NO. 120 - 21
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
AUTHORIZING THE COMMITMENT OF $5,048,319 IN ALAMEDA COUNTY MEASURE A-1
BOND FUNDS FROM DUBLIN’S BASE CITY ALLOCATION TO EDEN HOUSING
WHEREAS, in November 2016, Alameda County voters passed a $580 million
Countywide Housing Bond (Measure A-1), which will fund countywide affordable housing
development programs; and
WHEREAS, $425 million of the Countywide Housing Bond is allocated to the Rental
Housing Development fund to assist in the creation and preservation of affordable rental
housing for vulnerable populations, and of that $225 million is allocated as “Base City
Allocations” to Alameda County jurisdictions (including the unincorporated county); and
WHEREAS, the City of Dublin’s Base City Allocation is $7,948,319; and
WHEREAS, on July 21, 2020, the City Council authorized the City Manager to submit a
Local Housing Trust Fund (LHTF) grant application to the California Department of Housing and
Community Development (HCD) for the purpose of funding an affordable housing project on a
1.3-acre site located 6541-6543 Regional Street, authorized the reservation of up to 114
residential units from the Downtown Dublin Specific Plan (DDSP) Development Pool, and
directed Staff to issue a Letter in Intent to Eden Housing to provide matching funds required for
the grant. The matching funds include the 1.3-acre site, valued at approximately $5 million, and
$5,048,319 from Measure A-1; and
WHEREAS, Eden Housing proposes to develop the 1.3-acre property located at 6541-
6543 Regional Street with 113 affordable rental units to serve very-low- and low-income seniors.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin
authorizes the commitment of $5,048,319 in Measure A-1 bond funds from Dublin’s Base City
Allocation to Eden Housing for the development of 113 affordable rental units.
BE IT FURTHER RESOLVED that the City Council of the City of Dublin authorizes the
City Manager to submit to the Director of the Alameda County Housing and Community
Development the recommendation to commit Base City Allocation funds to the affordable
housing project as described above.
{Signatures to follow on next page}
Reso. No. 120-21, Item 4.6, Adopted 10/05/2021 Page 2 of 2
PASSED, APPROVED AND ADOPTED this 5th day of October 2021, by the following
vote:
AYES: Councilmembers Hu, Josey, Kumagai, McCorriston and Mayor Hernandez
NOES:
ABSENT:
ABSTAIN:
______________________________
Mayor
ATTEST:
_____________________________
City Clerk