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Exhibit 1
<br />Available Funds for Affordable Housing Development Projects
<br />As of December 31, 2018
<br />Housing Successor Agency (Housing Authority)
<br />$6,532,524 Cash on Hand
<br />($85,227) First Street Apartments Loan 1
<br />($167,253) First Street Apartments Project Costs
<br />($4,700,000) Tiny Tim Plaza Conditional Pre -Commitment Loan 2
<br />($250,000) Habitat for Humanity Disposition and Development Agreement 3
<br />($250,000) Administrative Costs Allowance 4
<br />$1,080,044 Available Funds
<br />Inclusionary Housing Funds
<br />$7,348,982 Cash on Hand 5
<br />($345,166) Santa Ana Arts Collective Project Costs 6
<br />($1,300,000) Tiny Tim Plaza Conditional Pre -Commitment Loan 2
<br />($402,365) Administrative Costs Allowance (CDAIPBA)
<br />($360,000) Down Payment Assistance Program 7
<br />($1,666,275) Interim Emergency Homeless Shelter Agreement 8
<br />$3,275,176 Available Funds
<br />HOME Program
<br />$3,256,575 Funds to Drawdown
<br />$3,256,575 Available Funds to Drawdown
<br />CDBG Program (Acquisition/Rehabilitation Projects Only)
<br />$1,687,047 Funds to Drawdown
<br />$1,687,047 Available Funds to Drawdown
<br />NSP Program (Abandoned, Foreclosed or Vacant Properties Only)
<br />$1,250,814 Funds to Drawdown
<br />($321,495) Administrative Costs Allowance
<br />$929,319 Available Funds to Drawdown
<br />$10,228,161 Total Available Funds
<br />' Approved by Housing Authority on January 16, 2018. 90% of ban paid on March 13, 2018: 10% remaining to be paid upon completion of construction -
<br />2 Approved by City CouncillHousing Authority on June 20, 2017.
<br />° Payment made in January 2019.
<br />° The Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the former Redevelopment Agency's housing bans.
<br />° Cash Balance does not include $3,842,195.50 recetved from PR Broadstone Heritage Holdings, Phase III on January 14, 2019.
<br />° Project costs ony, $4.SM in loans approved by City Council paid on July 26, 2017.
<br />$400,000 originally approved by City Council on March 6, 2018. One loan paid in September 2018.
<br />° Approved by City Councd on September 18, 2018. Agreement with Mercy House Living Centers, Inc. On"nst year comm8ment reflected here.
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