|
EXHIBIT 1
<br />Available Funds for Affordable Housing Development Projects
<br />As of February 29, 2020
<br />Housing Successor Agency (Housing Authority)
<br />$3,755,047 Cash on Hand
<br />($85,227) First Street Apartments Loan'
<br />($24,766) 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 />($2,325,107) Administrative Costs Allowance for Future Fiscal Years 4
<br />($0) Available Funds
<br />Inclusionary Housing Funds
<br />$7,357,220 Cash on Hand
<br />($31,965) Santa Ana Arts Collective Project Costs
<br />($280,000) Down Payment Assistance Program 6
<br />($21,240) Interim Emergency Homeless Shelter Agreement'
<br />($3,170,547) Legacy Square Project Pre -Commitment Loan
<br />($231,494) Lacy Street Project Pre -Commitment Loan q
<br />($57,635) Tiny Tim Plaza Project Costs 10
<br />($1,514,113) Westview House Project Pre -Commitment Loan 11
<br />($90,000) WISEPlace' Steps to Independence Program Agreement 12
<br />($284,630) Administrative Costs Allowance (CDA/PBA)
<br />$1,675,597 Available Funds
<br />HOME Program
<br />$5,208,089 Funds to Drawdown
<br />($3,007,489) Crossroads at Washington Pre -Commitment Loan 13
<br />($2,003,705) Westview House Project Pre -Commitment Loan 11
<br />$196,895 Available Funds to Drawdown
<br />CDBG Program (Acquisition/Rehabilitation Projects Only)
<br />$721,567 Funds to Drawdown
<br />($1,687,047) North Harbor Village Project Pre -Commitment Loan 14
<br />$0 Available Funds to Drawdown
<br />NSP Program (Abandoned, Foreclosed or Vacant Properties Only)
<br />$1,352,054 Funds to Drawdown
<br />($963,951) Crossroads at Washington Pre -Commitment Loan I'
<br />($96,395) Crossroads at Washington Project Costs
<br />($291,708) Transfer to CDBG in FY 20/21
<br />$0 Available Funds to Drawdown
<br />Rental Rehabilitation Grant Program
<br />$387,276 Cash on Hand 15
<br />($386,523) Westview House Project Pre -Commitment Loan 11
<br />$753 Available Funds
<br />$1,873,245 Total Available Funds
<br />r Approved by Housing Authority on January 16, 2018. 90% of loan paid on March 13, 2018, 10% remaining to be paid upon completion of construction_
<br />2 Approved by Housing Authonty on January 15, 2019.
<br />° The Housing Successor Agency relies on available cashtotundthe monitoring and compliance functions relatedto the toner Pedovelopmert Agerl housing loans
<br />Funds to beset aside for compliance and monitoring requirements clue to uncertainty of future repayment revenues.
<br />e Projectcwts only, $43M in loans approved by City Council said on July 26, 2017.
<br />a $400,000 originally approved by City Council on March 6, 2013. Three loans pald through end Di 2019.
<br />Approved by City Council on September 18, 2018. Agreementwith Mercy House Lil Centers, Inc for services through December 2019.
<br />e Approved by City CouncilM ousing Aumonty on January 15, 2019.
<br />e Approved by City CouncilM ousing Authonty on March 5, 2019.
<br />10 Project costs only, $6OM In loans approved by City Council/Housing Authority and paid on May 2. 2019_
<br />n Approved by City Council on April 7, 202012 .
<br />Approved by City Council on April 7, 2020.
<br />19C-10
<br />
|