Laserfiche WebLink
rd <br />Exhibit 1 <br />Available Funds for Affordable Housing Development Projects <br />As of December 31, 2017 <br />Housing Successor Agency (Housing Authority) <br />$13,992,189 Cash on Hand <br />($8,522,740) First Street Apartments Pre -Commitment Loan' <br />($4,700,000) Tiny Tim Plaza Conditional Pre -Commitment Loan 2 <br />($277,836) Habitat for Humanity Disposition and Development Agreement <br />($250.000) Administrative Costs Allowance 3 <br />$241,613 Available Funds <br />Inclusionary Housing Funds <br />$5,645,431 Cash on Hand ° <br />($471,230) Santa Ana Arts Collective Project Costs e <br />($1,300,000) Tiny Tim Plaza Conditional Pre -Commitment Loan 2 <br />($345,875) Administrative Costs Allowance (CDA/PBA) <br />$3,528,326 Available Funds <br />HOME Program <br />$1,839,903 Funds to Drawdown <br />($353.963) Santa Ana Veterans Village Pre -Commitment Loan <br />$1,485,940 Available Funds to Drawdown <br />CDBG Program (Acquisition/Rehabilitation Projects Only) <br />$1,474,191 Funds to Drawdown <br />($500,000) Santa Ana Arts Collective Loan <br />$974,191 Available Funds to Drawdown <br />$6,230,070 Total Available Funds <br />' Approved by Housing Authority on January 16, 2018. <br />2 Approved by City Council/Housing Authority on June 20. 2017. <br />3 The Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the farmer Redevelopment <br />Agency's housing loans. <br />4 PR Broadslone Heritage Holdings, Phase I paid In -lieu teas in the amount of $2,712,304.10 In November 2017. <br />° Project costs only, $4.8M In loans approved by City Council paid on July 26, 2017. <br />° Approved by City Council on February 7, 2017. <br />19D-7 <br />