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<br /> Approve and Launch the New “My First Home” Program <br />November 2, 2021 <br />Page 3 <br />FISCAL IMPACT <br />Funds in the amount of $1,200,000 are available for anticipated expenditure starting in <br />FY 2021-22 in the Inclusionary Housing Fund, Loans & Grants account no. (41718820- <br />69152). Any unspent funds at the end of the current fiscal year will be budgeted for carry <br />forward to subsequent fiscal year(s) until all funds have been spent for this program. <br />EXHIBIT(S) <br />1. Down Payment Assistance Program Guidelines <br />2. Loan Agreement Template <br />Submitted By: Steven Mendoza, Assistant City Manager <br />Approved By: Kristine Ridge, City Manager <br /> <br />