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Resolution 15198SUPPORTING THE 2016 ALAMEDA COUNTY AFFORDABLE HOUSING BOND MEASURE WHEREAS, costs for both rental and for-sale housing in the City of Alameda and the rest of Alameda County have risen substantially in recent years; and WHEREAS, affordable housing is a critical resource that provides a stable, safe environment for members of the local workforce, as well as seniors, people with disabilities, and others on a fixed income; and WHEREAS, through the Regional Housing Needs Assessment (RHNA) process completed by the Association of Bay Area Governments in 2013, Alameda's assigned share of the regional housing need was 1,723 units, including 692 units affordable to low- and very low-income families; and WHEREAS, with the dissolution of redevelopment by the State of California in 2012, Alameda and other cities lost a powerful financial tool for development of new affordable housing; and WHEREAS, the City has a Housing Element policy to "expand the City's supply of affordable rental and ownership housing for extremely low-, very low-, and moderate- income households; and WHEREAS, in the spring of 2016, Alameda County held a series of Board of Supervisor work sessions and public stakeholder meetings for the purpose of developing a proposed affordable housing bond; and WHEREAS, the proposed measure would generate $580 million countywide for affordable housing, including $460 million for rental housing programs and $120 million for homeowner programs; and WHEREAS, under the rental housing programs, more than $10 million would be earmarked for Alameda projects, with another $49 million allocated to a regional pool for projects in Alameda, Hayward, San Leandro, and the Unincorporated County; and WHEREAS, the County Board of Supervisors, on June 28, 2016, took the necessary actions to place the bond measure on the November 2016 ballot for consideration by the voters in Alameda County; and WHEREAS, the bond measure would provide an important new resource for developing affordable rental housing and providing affordable homeownership opportunities in Alameda, to assist the City to meet its RHNA goals, and to achieve numerous policy goals as laid out in the Housing Element. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Alameda does hereby affirm its support for the 2016 Alameda County Affordable Housing Bond measure and encourages Alameda residents and businesses to support the measure. I, the undersigned, hereby certify that the foregoing Resolution was duly and regularly adopted and passed by the Council of the City of Alameda in regular meeting assembled on the 201h day of September, 2016, by the following vote to wit: AYES: Councilmembers Daysog, Ezzy Ashcraft, Matarrese, Oddie and Mayor Spencer — 5. NOES: None. ABSENT: None. ABSTENTIONS: None. In witness, whereof, I have hereto set my hand and affixed the official seal of the said City this 21 st day of September 2016. Lara Weisiger, C Jerk City of Alameda Approved as to Form: Ja4d C. Kern, City Attorney City of Alameda