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Table 17: Age Restriction Proportionality Test (1/1/2002 --1,2/31/2014) <br />These expenditures match the current proportionality requirements, and thus, the Agency is <br />anticipated to meet the age restricted targeting standards 'Imposed , };$-# tior <br />FFtF#FR}t#r# r'� <br />J#aJ#FFf Rra FFF� <br />+Jr}FFFrFFF#/+Y <br />#ryiY#a F±}jr#+F <br />ExCESS SURPLUS CALCULATION <br />F�Jrr,FFFFF}r:. <br />TTYr+J++a rF*++,+aF�t <br />TT+a+ar fa F+a#a±#Fifa Fa+�, <br />} T +r M+ra+af TTFFF}F frit" <br />FF+t+'sFFF# T+F+nr FFF F'ra• ra F'+ <br />frrF++ F','FF f+rri ',+rf <br />�f#ria FFTF RF�i, faA <br />The Affordable Housing Fund is also subject to the "e cess,�surplus"+"i, Wrements imposed by <br />s'FFarrf F+Y + + <br />F # F f + + f <br />Section 33334.12. Excess surplus is defined s n . p—expe n and ghc r funs in <br />#a FIF��+Frr#Fr rrrrtlF�/FA FIrtF'. <br />the AffordableHousing Fund that exceeds the g #:"'Uj" f $1 million r th6i. A r t amount <br /># a •a <br />recedig four <br />iRr#+Jr,J}r'r r+r rr#*ra} J 1 <br />deposited nto the Affordable Housing Fund 011-gth M rg Project Are '� .;J. ,. <br />rr <br />fiscal years. Based n the Section 33334.12 r#"JY..rrt.t+e his Char years t <br />+ ,rrnrrrn g <br />encumber any excess sutplus funds. <br />far F'T + r+ffaF+s f�iF r A <br />a�sY f�if `r�rF}� <br />" s tcurrently h � y +6�"&te-ss sur Inas `6(6nc n is illustrated below, <br />*+FFFrf fly F a +++Fir r+f+raYfffMM ##r / <br />*{F+rfrf+Rr +T f {++ + + f ++++` fffr�rFrri�r <br />Agency does not expect t have an s" u "'N �= hr gl F1 . 5: <br />rTl f <br />I++ ,+/' i rFfrr�rFffrF a■ ��FTf++T+y++R <br />Table 1 8 0"- orplus +' I t1' ' V O* .Ti,a 2! —� F 2014/15) <br />rrs r•+rrf■f} Y�r�/ r r Y +���F�W <br />ri i s r s i r r i i n i+ +r+T+r• + r r n� 1 4 n r a r r r #### <br />Ending Balance A�.-',+, r <br />$48,# <br />��4 �23,0000 <br />$ , ' , <br />$52,032.,000 <br />$53,685,000 <br />EncumberedFr r <br />V <br />s <br />+ <br />n/ <br />ta+fT Fff <br />01 <br />R ...... <br />r rr� Y*rf +r`trri <br />Adjusted Ending <br />:V.} *'+ ter ## rF Ff+ +/f ' rf+ F f 0-000P#600 <br />4 <br />i Y# ♦. rr/Vfj.r�{r <br />$50,579,000 <br />$52,032,000 <br />$53,685,000 <br />AIF .�#in rF# Y i• r Y Y f// a/ f Y+ 1 I f T \ <br />+Yrr r rFf rr'rF r ♦rf f f # f aF+ r <br />5,$61,328,000,�, ax. Alf � Je-W$55,2 <br />9,000F'"� <br />+nrrrr rrRrfrr rra'nsiaf+� . <br />E{cs 5r <br />frarFarr#bra*xF $ <br />i <br />$0 <br />. <br />C. 1NCL*0$"J'0.'.NARYH SIFRa <br />4 4r#Fort#/+fF <br />Y*Ifraf rf fIF}F <br />+4f�rFF�/+Ffkr <br />y}FFFFI R+rJ!{}} <br />+aa fn++r#kI Fa.R <br />+af ffr# # f r <br />r}R.rr+ <br />LEGAL RE U <br />•r�s+ <br />T I Nf TAT V S <br />For the ur s s�r�± : F Il cement t'r r� Plan, inclusionary si ry h using production refers to <br />x.rfrf tF.#. <br />r e l p entg i' "'';:, i} obligation to cause a specified percentage of new or rehabilitated <br />housing produced in a Merged Project Area to be available at affordable housing cost. it sloes <br />not matter wh t er the housing is market rate or cost restricted, nor does it matter if the <br />housing is privately or publicly produced. <br />aMa Ama Corr)n)u n ity RedevelopmentA ncy I ni plem en tat! on Plan .LI � 2010 tO Rine, 2015 <br />For d1le Merged Sa�ita Ana Redevelopment Project Area Page 40 <br />