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Exhibit 1 <br />Available Funds for Affordable Housing Development Projects <br />As of May 31, 2017 8 <br />Housing Successor Agency (Housing Authority) <br />$14,601,827 Cash on Hand <br />($8,522,740) First Street Apartments Pre -Commitment Loan <br />($4,700,000) Tiny Tim Plaza Conditional Pre -Commitment Loan <br />($789,853) Reconciling amount (ROPS Projects) <br />($280,098) Habitat for Humanity Disposition and Development Agreement <br />($250,000) Administrative Costs Allowance' <br />$59,136 Available Funds <br />Inclusionary Housing Funds <br />$7,830,916 Cash on Hand' <br />($5,251,381) Santa Ana Arts Collective Pre -Commitment Loan & Associated Project Costs" <br />($1,300,000) Tiny Tim Plaza Conditional Pre -Commitment Loan <br />($186,936) Administrative Costs Allowance (CDA/PBA) <br />$1,092,599 Available Funds (*Excludes $9,695,725.60 anticipated from Heritage Village; <br />HOME Program <br />$2,954,995 Funds to Drawdown <br />($2,219,760) Santa Ana Arts Collective Pre -Commitment Loan' <br />($332,778) Community Housing Development Organizations (CHDO) Set -Aside° <br />$402,457 Available Funds to Drawdown <br />CDBG Program (Acquisition/Rehabilitation Projects Only)' <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 />2,194,192 Total Available Funds <br />Approved by City Council/Housing Authority on June 20, 2017. <br />The Housing Successor Agan, relies on available cash to fund the monitoring and compliance functions related to the farmer Redevelopment Agency's housing loans. <br />Inaludos new $1,224,437.20 payment from The Line project (3630 Westminster Ave) received In April 2017. <br />Includes Initial $1.875M loan antl addltlonal $2.9M loan approved by City Count on June 20, 2017, <br />Loan amount reduced from original $2.26M by City Cbunall on July 5, 2017 per U.S. Housing and Urban Development's 2016 HOME per-unit subsidy requirements. <br />The $332 778 includes funds currently avallablb as rated In the Tobruary 7, 2017 City Council Agenda Item 25C. An addltlonal $171,771.601s estimated In future funding. <br />All unencumbered funds at fiscal year and are expected to be rolled bear to the Unappropriated Balance for CDEG Capital Projects In FY 17118. <br />Financial information provided as of May 31, 2017 only. Updated numbers for June 2017 will be provided uponthe Finance and Management Services Agency's <br />completion of the FY 16117 year end closing process. <br />19D-7 <br />