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Exhibit 1 <br />Available Funds for Affordable Housing Development Projects <br />As of March 31, 2017 <br />Housing Successor Agency (Housing Authority) <br />$14,602,716 Cash on Hand <br />($789,853) Reconciling amount (ROPS Projects) <br />($338,032) Habitat for Humanity Disposition and Development Agreement <br />($250,000) Administrative Costs Allowance 1 <br />$13,224,831 Available Funds <br />Incluslonary Housing Funds <br />$6,625,980 Cash on Hand 2 <br />($2,061,381) Santa Ana Arts Collective Pre - Commitment Loan & Associated Project Costs 3 <br />($98,594) Administrative Costs Allowance (CDA/PBA) <br />$4,466,005 Available Funds ( *Excludes $9,695,725.60 anticipated from Heritage Village) <br />HOME Program <br />$2,923,410 Funds to Drawdown <br />($2,260,000) Santa Ana Arts Collective Pre - Commitment Loan <br />($332,778) Community Housing Development Organizations (CHDO) Set -Aside G <br />$330,632 Available Funds to Drawdown <br />CDBG Program (Acquisition /Rehabilitation Projects Only) 5 <br />$1,140,000 Funds to Drawdown <br />($500,000) Santa Ana Arts Collective Pre - Commitment Loan <br />$640,000 Available Funds to Drawdown <br />$ 18,661,468 Total Available Funds <br />Tha Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the former Rodevekes ent Agencys housing leans. <br />' Includes $757,600 payment from the Venti na Walk project (1606 W. 181 Sl received in March 2017. <br />° Pre4oan amount is $1,675,000, <br />^ <br />The $332,778Includes funds currently available as noted In the February 7, 2017 City Council Agenda Item 26C, An additional $171,771.60 Is estimated in future funding. <br />° All unencumbered funds at fiscal year end are expected to be rolled over to the Unappropriated Balance for CDBG Capital Projects In FY 17116. <br />Exhibit 1 <br />191 -7 <br />