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Exhibit 1
<br />Available Funds for Affordable Housing Development Projects
<br />As of June 30th, 2023
<br />Housing Successor Agency (Housing Authority)
<br />$4,952,611 Cash on Hand
<br />($1,656,947) Frances Xavier Residence Project Pre -Commitment Loan
<br />($250,000) Administrative Costs Allowance 2
<br />($2,725,395) Administrative Costs Allowance for Future Fiscal Years 3
<br />($307,386) Crossroads at Washington Option Agreement Amendment 4
<br />($12,883) Crossroads at Washington Environmental Assessment Oversight 5
<br />$0 Available Funds
<br />Inclusionary Housing Funds
<br />$13,130,581 Cash on Hand
<br />($530,000) Down Payment Assistance Program 6
<br />($56,527) Lacy Street Project Grant 7
<br />($151,411) Westview House Loan 8
<br />($37,500) Westview House Project Cost
<br />($11,544) WISEPIace Steps to Independence Program Agreement 9
<br />($2,200,000) 1921 W. Washington Project Pre -Commitment 13
<br />($2,298,515) Administrative Costs Allowance (CDA/PBA)
<br />$7,845,083 Available Funds
<br />HOME Program
<br />$6,695,823 Funds to Drawdown
<br />($300,749) Crossroads at Washington Loan 10
<br />($200,371) Westview House Loan 8
<br />$6,194,703 Available Funds to Drawdown
<br />HOME -American Rescue Plan Program (PSH Projects Only)
<br />$1,464,630 Funds to Drawdown
<br />($1,464,630) WISEPIace PSH Loan 12
<br />$0 Available Funds to Drawdown
<br />CDBG Program (Acquisition/Rehabilitation Projects Only)
<br />$4,690 Funds to Drawdown
<br />$4,690 Available Funds to Drawdown
<br />Rental Rehabilitation Grant Program
<br />$48,719 Cash on Hand 11
<br />($38,652) Westview House Loan 8
<br />$10,067 Available Funds
<br />$14,054,543 Total Available Funds
<br />1 Approved by Housing Authority on January 15, 2019. Additional $587,000 approved by Housing Authority on December 7, 2021.
<br />2 The Housing Successor Agency relies on available cash to fund the monitoring and compliance functions related to the former Redevelopment Agency's housing loans.
<br />Funds to be set aside for compliance and monitoring requirements due to uncertainty of future repayment revenues.
<br />° Approved by Housing Authority on December 15, 2020. Additional $150,000 maximum approved by Housing Authority on August 17, 2021 (2nd Amendment to Option Agreement).
<br />s Approved by Housing Authority on July 20, 2021.
<br />° $400,000 originally approved by City Council on March 6, 2018. Nine loans paid through end of September 2021. Additional $1,200,000 approved by Council on November 2, 2021.
<br />Approved by City Council/Housing Authority on March 5, 2019. Additional $333,777 approved by City Council on April 6, 2020.
<br />° Approved by City Council on May 17, 2022.
<br />s Approved by City Council on April 7, 2020.
<br />10 Approved by City Council on June 21, 2022.
<br />Old program income available after close out of program with HUD.
<br />12 Approved by City Council on March 7, 2023.
<br />13 Approved by City Council on November 15, 2022.
<br />City Council 9-12 8/1/2023
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