HomeMy WebLinkAboutReso 36-21 Appropriating $7.1 Million From the City’s Affordable Housing Fund and Authorizing the Commitment of $2.9 Million in Alameda County Measure A-1 Funds From Dublin’s Base City Allocation to BRIDGE Housing
Reso. No. 36-21, Item 7.1, Adopted 04/20/2021 Page 1 of 2
RESOLUTION NO. 36 - 21
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
APPROPRIATING $7.1 MILLION FROM THE CITY’S AFFORDABLE HOUSING FUND AND
AUTHORIZING THE COMMITMENT OF $2.9 MILLION IN ALAMEDA COUNTY MEASURE A-
1 FUNDS FROM DUBLIN’S BASE CITY ALLOCATION TO BRIDGE 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
Allocation;” and
WHEREAS, the City of Dublin’s Base City Allocation is $7.9 million; and
WHEREAS, on July 17, 2020, the City of Dublin issued a Notice of Funding Availability
(NOFA) for the creation of affordable rental housing and encouraged qualified affordable
housing developers that meet the NOFA requirements to submit proposals; and
WHEREAS, $10 million in funding is available, including $7.1 million from the City’s
Affordable Housing Fund and $2.9 million in Measure A-1 bond funds, to support
predevelopment, acquisition and construction of affordable rental housing; and
WHEREAS, BRIDGE Housing submitted a NOFA proposal to develop a two-phase
project on a vacant 3.6-acre project site is located adjacent to the West Dublin BART station at
6501 Golden Gate Drive with a total of 308 affordable rental units and requested $10 million in
financial assistance for 136 affordable rental units of the overall project.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin
authorizes the appropriation of $7.1 million from the City’s Affordable Housing Fund to BRIDGE
Housing for the development of 136 affordable rental uni ts; and
BE IT FURTHER RESOLVED that the City Council of the City of Dublin authorizes
the commitment of up to $2.9 million in Measure A-1 bond funds from Dublin’s Base City
Allocation to BRIDGE Housing for the development of 136 affordable rental uni ts; and
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 of commitment of Base City Allocation funds to the
affordable housing project as described above.
PASSED, APPROVED AND ADOPTED this 20th day of April 2021, by the following vote:
Reso. No. 36-21, Item 7.1, Adopted 04/20/2021 Page 2 of 2
AYES: Councilmembers Hu, Josey, Kumagai, McCorriston and Mayor Hernandez
NOES:
ABSENT:
ABSTAIN:
______________________________
Mayor
ATTEST:
______________________________
City Clerk