|
Exhibit 1
<br />Available Funds for Affordable Housing Development Projects
<br />As of September 30, 2020
<br />Housing Successor Agency (Housing Authority)
<br />$3,617,971 Cash on Hand
<br />($1,069,947) Frances Xavier Residence Project Pre -Commitment Loan'
<br />($250,000) Administrative Costs Allowance 2
<br />($2,298,024) Administrative Costs Allowance for Future Fiscal Years'
<br />$0 Available Funds
<br />Inclusionary Housing Funds
<br />$6,854,810 Cash on Hand
<br />($210,000) Down Payment Assistance Program 4
<br />($3,170,547) Legacy Square Project Pre -Commitment Loan'
<br />($231,494) Lacy Street Project Pre -Commitment Loan 6
<br />($56,712) Tiny Tim Plaza Project Costs 7
<br />($1,514,113) Westview House Pre -Commitment Loan "
<br />($90,000) WISEPlace Steps to Independence Program Agreement 9
<br />($1,467,867) Administrative Costs Allowance (CDA/PBA)
<br />$114,078 Available Funds
<br />HOME Program
<br />$6,887,743 Funds to Drawdown
<br />($3,007,489) Crossroads at Washington Pre -Commitment Loan 10
<br />($2,003,705) Westview House Pre -Commitment Loan 6
<br />$1,876,549 Available Funds to Drawdown
<br />CDBG Program (Acquisition/Rehabilitation Projects Only)
<br />$2,042,960 Funds to Drawdown
<br />($1,687,047) North Harbor Village Project Pre -Commitment Loan "
<br />$355,913 Available Funds to Drawdown
<br />NSP Program (Abandoned, Foreclosed or Vacant Properties Only)
<br />$1,342,572 Funds to Drawdown
<br />($963,951) Crossroads at Washington Pre -Commitment Loan '0
<br />($96,395) Crossroads at Washington Project Costs
<br />($282,226) Transfer to CDBG in FY 20/21
<br />$0 Available Funds to Drawdown
<br />Rental Rehabilitation Grant Program
<br />$391,251 Cash on Hand'2
<br />($386,523) Westview House Pre -Commitment Loan 6
<br />$4,728 Available Funds
<br />$2,351,268 Total Available Funds
<br />Approved by Housing Authority on Jan uary 15,2019.
<br />x The Housing successor Agency relies on available ash rotund the monitoring and compliance functions related to the former Redevelopment Agency's housing loans.
<br />' Funds tobeset aside for compliance and monitoring requirements due to uncertainty of future repayment revenues
<br />c $400,000 originally approved by City Council on March 6,2018. Four loans paid through end of May 2020.
<br />Approved by City Council/Housing Authority on January 15, 2019.
<br />e Approved by City Council/Housing Authority on March 5, 2019.
<br />Project costs only; $6 OM In loans approved by Cry Council/Housing Authority and paid on May , 2019.
<br />e Approved by City Council on April ], 2020.
<br />e Approved by City Council on April ], 2020.
<br />10 Approved by City Council on July 2, 201911 .
<br />Approved by City Council/Housing Authority on March 5, 2019.
<br />' old program Income available after close out of program with HUD.
<br />19D-11
<br />
|