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$3,647,769 Cash on Hand
<br />($1,069,947)Frances Xavier Residence Project Pre-Commitment Loan 1
<br />($250,000)Administrative Costs Allowance 2
<br />($2,007,553)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 5
<br />($0.00)Available Funds
<br />Inclusionary Housing Funds
<br />$15,504,515 Cash on Hand
<br />($50,000)Down Payment Assistance Program 6
<br />($565,271)Lacy Street Project Grant 7
<br />($1,514,113)Westview House Pre-Commitment Loan 8
<br />($45,000)WISEPlace Steps to Independence Program Agreement 9
<br />($3,007,673)Administrative Costs Allowance (CDA/PBA)
<br />$10,322,458 Available Funds
<br />HOME Program
<br />$8,272,644 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 />$3,161,226 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 />$1,529,195 Funds to Drawdown
<br />($1,297,693)Crossroads at Washington Pre-Commitment Loan 10
<br />($96,395)Crossroads at Washington Project Costs
<br />$135,107 Available Funds to Drawdown
<br />Rental Rehabilitation Grant Program
<br />$394,378 Cash on Hand
<br />11
<br />($386,523)Westview House Pre-Commitment Loan 8
<br />$7,855 Available Funds
<br />$13,868,551 Total Available Funds
<br />1 Approved by Housing Authority on January 15, 2019.
<br />2 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 />3 Funds to be set aside for compliance and monitoring requirements due to uncertainty of future repayment revenues.
<br />4 Approved by Housing Authority on December 15, 2020. Additional $150,000 maximum approved by Housing Authority on August 17, 2021 (2nd Amendment to Option Agreemen
<br />5 Approved by Housing Authority on July 20, 2021.
<br />6 $400,000 originally approved by City Council on March 6, 2018. Nine loans paid through end of September 2021.
<br />7 Approved by City Council/Housing Authority on March 5, 2019. Additional $333,777 approved by City Council on April 6, 2020.
<br />8 Approved by City Council on April 7, 2020.
<br />9 Approved by City Council on April 7, 2020.
<br />10 Approved by City Council on July 2, 2019. Additional $333,742 loan amount approved on August 17, 2021.
<br />11 Old program income available after close out of program with HUD.
<br />Available Funds for Affordable Housing Development Projects
<br />As of September 30, 2021
<br />Housing Successor Agency (Housing Authority)
<br />EXHIBIT 1
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