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Approved List of Community Housing Development Organizations <br />February 7, 2017 <br />Page 3 <br />The HOME CHDO Commitment and Expenditure Deadlines are as follows: <br />CHDO Funding <br />Amount <br />Availability <br />Commitment <br />Deadline <br />Expenditure <br />Deadline <br />$161,006.10 <br />Currently Available <br />07/31/2017 <br />07/31/2020 <br />$171,771.60 <br />Currently Available <br />07/31/2018 <br />07/31/2021 <br />$171,771.60 * <br />Available 07/01/2017 <br />07/31/2019 <br />07/31/2022 <br />*Estimate for FY 2017 HOME CDHO Funds allocated by the U.S. Department of Housing <br />and Urban Development (HUD). <br />If the City does not award these available funds to one of the three prequalified organizations on <br />the Approved List of Community Housing Development Organizations in a timely manner before <br />July 30 of each fiscal year, the funds will be returned to the Federal government. The purpose of <br />this recommended action is to utilize these funds for the community in an efficient and effective <br />manner, in compliance with HUD's commitment deadlines listed above. <br />STRATEGIC PLAN ALIGNMENT <br />Approval of this item supports the City's efforts to meet Goal #5 - Community Health, Livability, <br />Engagement and Sustainability, Objective #3 (facilitate diverse housing opportunities and support <br />efforts to preserve and improve the livability of Santa Ana neighborhoods). <br />FISCAL IMPACT <br />Upon the City's approval of each project utilizing HOME CHDO funds, funds will be available in <br />the HOME Program account (no. 13018780- 69152). <br />Robert C. Coptez <br />Deputy City Ma_nager.._ - -'- <br />City Manager's Office <br />NV /JB <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />Francisco Gutierrez <br />Executive Director b <br />Finance & Management Services Agency <br />Exhibit: 1. Community Housing Development Organization Template Agreement <br />25C -3 <br />