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EXHIBIT 1 <br />Funding <br />HOME: $173,030.00 <br />Description <br />Target Date <br />6/30/2027 <br />Estimate the number <br />TBD <br />and type of families that <br />will benefit from the <br />proposed activities <br />Location Description <br />Planned Activities <br />In collaboration with an eligible CHDO, the City will support the <br />acquisition, development, or rehabilitation or affordable rental <br />housing. <br />12 <br />Project Name <br />HOME - Home Buyer Assistance <br />Target Area <br />Citywide <br />Goals Supported <br />Goal 1: Affordable housing development, maintenance <br />Needs Addressed <br />Expand the supply of affordable housing <br />Funding <br />HOME: $143,356.39 <br />Description <br />Down payment assistance <br />Target Date <br />6/30/2027 <br />Estimate the number <br />The City anticipates to create a total of 2 affordable housing units for <br />and type of families that <br />home ownership. <br />will benefit from the <br />proposed activities <br />Location Description <br />Citywide <br />Planned Activities <br />Through this program, eligible buyers can receive financial help — <br />often as loan or low -interest, deferred -payment loans —to cover <br />down payments, closing costs, or both. Assistance is typically <br />targeted to first-time homebuyers who meet income limits <br />(generally at or below 80% of the area median income). <br />Annual Action Plan <br />2026 <br />28 <br />OMB Control No: 2506-0117 (exp. 09/30/2021) <br />