My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
80A - JOINT -AFFORDABLE HOUSING
Clerk
>
Agenda Packets / Staff Reports
>
City Council (2004 - Present)
>
2017
>
06/20/2017
>
80A - JOINT -AFFORDABLE HOUSING
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
6/19/2017 9:14:49 AM
Creation date
6/15/2017 4:29:19 PM
Metadata
Fields
Template:
City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
80A
Date
6/20/2017
Destruction Year
2022
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
84
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
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 />Inclusionary Housing Funds <br />$6,625,980 Cash on Hand 2 <br />($2,061,381) Santa Ana Arts Collective Pre -Commitment Loan & Associated Project Costs s <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 4 <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 />The Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the former Redevelapmenl Agencys housing loans. <br />I Includes $757,600 payment from the Ventam Walk project (1506 W. 1st Street) received in March 2017. <br />' Pre -man amount is $1,875,000. <br />4 The 5332,778 includes funds currently available as noted in the February 7, 2017 City Council Agenda item 25C. 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 FV 17118. <br />• ' M <br />
The URL can be used to link to this page
Your browser does not support the video tag.