The affordable housing obligations for the site originate from the funding sources used to purchase various parcels on the site, as well as the state’s determination that the site is a housing asset.
The Downtown Specific Plan (DSP) developed in 2004 included housing on this site as part of the overall revitalization strategy. Beginning in 2005, the City’s former Redevelopment Agency used a total $14.5 Million of affordable housing funds from both City and State sources to acquire the site.
During the process to dissolve the former Redevelopment Agency of the City of Livermore, both the California Department of Finance and the California Secretary of State allowed most of the parcels to be transferred to the City as housing assets.
A portion of the housing obligation originating with the City’s Inclusionary Housing Fund will be satisfied by the affordable housing opportunity on the Civic Center campus that was made possible by the Livermore Stockmen’s Rodeo Association.
The State loan programs used for a part of the total funding requires that affordable housing be placed on the site. Those obligations were reinforced by the State’s determination during the RDA dissolution process that the parcels are housing assets.
For more information please see the press release dated 9/21/2018