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EXHIBIT 1
<br />Exhibit 1
<br />Available Funds for Affordable Housing Development Projects
<br />As of May 31, 2019
<br />Housing Successor Agency (Housing Authority)
<br />$1,614,876 Cash on Hand
<br />($85,227) First Street Apartments Loan'
<br />($126,134) First Street Apartments Project Costs
<br />($1,069,947) Frances Xavier Residence Project Pre -Commitment Loan 2
<br />($250,000) Administrative Costs Allowance 3
<br />$83,568 Available Funds
<br />Inclusionary Housing Funds
<br />$8,810,994 Cash on Hand
<br />($343,711) Santa Ana Arts Collective Project Costs 4
<br />($320,000) Down Payment Assistance Program 5
<br />($761,806) Interim Emergency Homeless Shelter Agreement 6
<br />($3,170,547) Legacy Square Project Pre -Commitment Loan 7
<br />($231,494) Lacy Street Project Pre -Commitment Loan 5
<br />($61,045) Tiny Tim Plaza Project Costs 9
<br />($629,605) Administrative Costs Allowance (CDA/PBA)
<br />$3,292,785 Available Funds 10
<br />HOME Program
<br />$3,360,180 Funds to Drawdown
<br />$3,360,180 Available Funds to Drawdown
<br />CDBG Program (Acquisition/Rehabilitation Projects Only)
<br />$1,687,047 Funds to Drawdown
<br />($1,687,047) North Harbor Village Project Pre -Commitment Loan 5
<br />$0 Available Funds to Drawdown
<br />NSP Program (Abandoned, Foreclosed or Vacant Properties Only)
<br />$1,324,168 Funds to Drawdown
<br />($330,982) Administrative Costs Allowance
<br />$993,186 Available Funds to Drawdown
<br />Rental Rehabilitation Grant Program
<br />$381,923 Cash on Hand"
<br />$381,923 Available Funds
<br />$8,111,643 Total Available Funds
<br />' Approved by Housthg Authority m January 16.2018. 90%of ben paid on March 13. 2018; 10% remaining Who paid upon completion of comtmction.
<br />' Approved by Housing Authority on January 15.2019.
<br />° The Housing Successor Agency relies on available cash to fund the moniti and compliance functions related to Me former Redevelopment Agencys housing bans.
<br />° peeled mats ony,$4.8M In bans approved by City Council paid on July 26,2017.
<br />° $400,000 originally approved by City Council on March 6, 2018. Two loans paid through end of March 2019.
<br />° Approved by City Council on September 18,2018. Agreement wi9M Mercy House Living Centers. Inc. Only Orsl year commitment reflected! here.
<br />' Approvetl by Cry Ccum, W..sing Authority on January 15, 2019.
<br />° Approved by City CounclMouang Authority on March 5, 2019,
<br />° Ned msb only $6.OM In loans appeared! by City CwncJMousing Authority and paid on May 2. 2019.
<br />10 $2.428,300 of the amount may be neededfor the second year commitment of the LWK Shelter, if other anticipated revenue sources are not avallable.
<br />Old no,monlacoma available afar dose outof progra.Wm HUD.
<br />19F-9
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