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Exhibit 1
<br />Available Funds for Affordable Housing Development Projects
<br />As of December 31, 2021
<br />Housing Successor Agency (Housing Authority)
<br />$4,761,168 Cash on Hand
<br />($1,656,947) Frances Xavier Residence Project Pre -Commitment Loan'
<br />($250,000) Administrative Costs Allowance 2
<br />($2,533,952) Administrative Costs Allowance for Future Fiscal Years 3
<br />($307,386) Crossroads at Washington Option Agreement Amendment °
<br />($12,883) Crossroads at Washington Environmental Assessment Oversight 5
<br />$0 Available Funds
<br />Inclusionary Housing Funds
<br />$16,519,602 Cash on Hand
<br />($1,250,000) Down Payment Assistance Program 6
<br />($565,271) Lacy Street Project Grant 7
<br />($1,514,113) Westview House Pre -Commitment Loan 6
<br />($38,954) W ISEPlace Steps to Independence Program Agreement 9
<br />($3,117,044) Administrative Costs Allowance (CDA/PBA)
<br />$10,034,220 Available Funds
<br />HOME Program
<br />$8,524,405 Funds to Drawdown
<br />($3,007,489) Crossroads at Washington Pre -Commitment Loan 10
<br />($60,150) Crossroads at Washington Project Costs
<br />($2,003,705) Westview House Pre -Commitment Loan 8
<br />($40,074) Westview House Project Costs
<br />$3,412,988 Available Funds to Drawdown
<br />HOME -American Rescue Plan Program (PSH Projects Only)
<br />$5,256,327 Funds to Drawdown
<br />$5,256,327 Available Funds to Drawdown
<br />CDBG Program (Acquisition/Rehabilitation Projects Only)
<br />$241,905 Funds to Drawdown
<br />$241,905 Available Funds to Drawdown
<br />NSP Program (Abandoned, Foreclosed or Vacant Properties Only)
<br />$1,525,641 Funds to Drawdown
<br />($1,297,693) Crossroads at Washington Pre -Commitment Loan 10
<br />($96,395) Crossroads at Washington Project Costs
<br />$131,553 Available Funds to Drawdown
<br />Rental Rehabilitation Grant Program
<br />$394,983 Cash on Hand "
<br />($386,523) Westview House Pre -Commitment Loan 8
<br />$8,460 Available Funds
<br />$19,085,452 Total Available Funds
<br />Approved by Housing Authority on January 15, 2019. Additional $587,000 approved by Housing Authority on December 7, 2021.
<br />The Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the former Redevelopment Agency's housing loans.
<br />Funds to be set aside for compliance and monitoring requirements due to uncertainty of future repayment revenues.
<br />Approved by Housing Authority on December 15, 2020. Additional $150,000 maximum approved by Housing Authority on August 17, 2021 (2nd Amendment to Option Agreement).
<br />Approved by Housing Authority on July 20, 2021.
<br />$400,000 originally approved by City Council on March 6, 2018. Nine loans paid through end of September 2021. Additional $1,200,000 approved by Council on November 2, 2021
<br />Approved by City Council/Housing Authority on March 5, 2019. Additional $333,777 approved by City Council on April 6, 2020.
<br />Approved by City Council on April 7, 2020.
<br />Approved by City Council on April 7, 2020.
<br />C ityprCgUtf ilable after close out of program with HUD. 8-9
<br />_Q 2/ 1/2022
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