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Pre -Commitment of Affordable Housing Funds for Illumination Foundation <br />July 18, 2023 <br />Page 8 <br />carryover of unspent funds which will be presented to City Council in September 2023 <br />for part of this agreement. <br />Fiscal <br />Accounting Unit <br />Fund Description <br />Accounting Unit, <br />Amount <br />Year <br />— Account # <br />Account Description <br />Homeless Housing, <br />FY 23-24 <br />12218715-69152 <br />Assistance and Prevention <br />Loans & Grants <br />$673,773.03 <br />funds Round 1 <br />Homeless Housing, <br />FY 23-24 <br />12218716-69152 <br />Assistance and Prevention <br />Loans & Grants <br />$318,510.90 <br />funds Round 2 <br />Homeless Housing, <br />FY 23-24 <br />12218717-69152 <br />Assistance and Prevention <br />Loans & Grants <br />$1,029,035.17 <br />funds Round 3 <br />Total Grants <br />$2,021,319.10 <br />EXHIBIT(S) <br />1. Pre -Commitment Letter for Illumination Foundation <br />2. Preliminary Financial Gap Analysis by Keyser Marston Associates <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Kristine Ridge, City Manager <br />City Council 14 — 8 7/18/2023 <br />