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Adoption of Resolution to Join the Orange County Housing Finance Trust <br />June 4, 2019 <br />Page 6 <br />Administrative costs for Santa Ana in FY 2020-21 are not expected to exceed $25,000, and the <br />costs would be proposed in the FY 2020-21 annual budget, subject to City Council's approval <br />and adoption of the budget. <br />Additionally, as the Trust becomes operational, there is a likelihood that City -supported affordable <br />housing projects could receive funding from the Trust. Those funds, if any, will be awarded <br />directly to the project developers from the Trust. <br />-25�, A, A— <br />Steven A. Mendoza <br />Executive Director <br />Community Development Agency <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Kathryn DowKs, CPA <br />Executive Director <br />Finance and Management Services Agency <br />Exhibits: <br />1. Resolution Relating to Participation in the Orange County Housing Finance Trust and <br />its implementing Joint Powers Agreement (JPA) <br />2. Text of AB 448 (Daly, 2018) <br />3. Draft Bylaws to be considered by the Trust Governing Board <br />4. More information about homelessness, housing, and the Housing Finance Trust <br />5. Service Planning Areas Map <br />55C-6 <br />