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Exhibit 1
<br /> Available Funds for Affordable Housing Development Projects
<br /> As of March 31,2022
<br /> Housing Successor Agency(Housing Authority)
<br /> $4,771,069 Cash on Hand
<br /> ($1,656,947) Frances Xavier Residence Project Pre-Commitment Loan '
<br /> ($250,000) Administrative Costs Allowance 2
<br /> ($2,543,852) Administrative Costs Allowance for Future Fiscal Years 3
<br /> ($307,386) Crossroads at Washington Option Agreement Amendment 4
<br /> ($12,883) Crossroads at Washington Environmental Assessment Oversight s
<br /> $0 Available Funds
<br /> Inclusionary Housing Funds
<br /> $16,487,591 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 8
<br /> ($25,952) WISEPlace Steps to Independence Program Agreement s
<br /> ($3,088,300) Administrative Costs Allowance(CDA/PBA)
<br /> $10,043,955 Available Funds
<br /> HOME Program
<br /> $9,165,545 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 /> $4,054,127 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 /> $185,690 Funds to Drawdown
<br /> $185,690 Available Funds to Drawdown
<br /> NSP Program (Abandoned, Foreclosed or Vacant Properties Only)
<br /> $ 1,614,523 Funds to Drawdown
<br /> ($1,297,693) Crossroads at Washington Pre-Commitment Loan 10
<br /> ($96,395) Crossroads at Washington Project Costs
<br /> $ 220,434.87 Available Funds to Drawdown
<br /> Rental Rehabilitation Grant Program
<br /> $395,722 Cash on Hand 11
<br /> ($386,523) Westview House Pre-Commitment Loan 8
<br /> $9,199 Available Funds
<br /> $19,769,733 Total Available Funds
<br /> ' Approved by Housing Authority on January 15,2019.Additional$587,000 approved by Housing Authority on December 7,2021.
<br /> z The Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the former Redevelopment Agencys housing loans.
<br /> z Funds to beset 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 /> s Approved by Housing Authority on July 20,2021.
<br /> e $400,000 o rig in al I yapproved 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 Cou no il/Housing Authority on March 5,2019.Additional$333,777 approved by City Council on April 6,2020.
<br /> a Approved by City Council on April 7,2020.
<br /> Jp�/o4d W,n ual on July2,2019.Additional$333,742loan amount approved on August 17,204 6 — 9 5/3/2022
<br /> OI program income available after closeout of program with HUD.
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