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<br /> Annual Action Plan <br />2023 <br />40 <br />OMB Control No: 2506-0117 (exp. 09/30/2021) <br />HOME – $1,605,667 and ESG – $447,249 <br />The City is anticipates requesting the available $14,040,285 available Section 108 borrowing authority during the 2023-2024 Annual Action <br />Plan period. The City fully understands that the Section 108 loan is federally guaranteed, and this program can leverage the City’s existing <br />CDBG funding to access low-interest, long-term financing to invest in our City. <br /> Anticipated Resources <br />Program Source <br />of Funds <br />Uses of Funds Expected Amount Available Year 1 Expected <br />Amount <br />Available <br />Remainder <br />of ConPlan <br />$ <br />Narrative Description <br />Annual <br />Allocation: <br />$ <br />Program <br />Income: $ <br />Prior Year <br />Resources: <br />$ <br />Total: <br />$ <br />CDBG public - <br />federal <br />Acquisition <br />Admin and <br />Planning <br />Economic <br />Development <br />Housing <br />Public <br />Improvements <br />Public Services <br />$4,808,057 $4,808,057 $8,840,466 <br />Funding to support housing, <br />community and economic <br />development activities <br />throughout Santa Ana. <br />The City is anticipates <br />requesting the available <br />$14,040,285 available Section <br />108 borrowing authority <br />during the 2023-2024 Annual <br />Action Plan period. <br />EXHIBIT 1