|
FUTURE HOUSING SET -ASIDE FUND EXPENDITURES PROJECTION (JANUARY 1, 2002 -JUNE 30,2015)'
<br />. IMPLEMENTATION PLAN - SANTA ANA MERGED PROJECT AREA
<br />\SANTA ANA, CALIFORNIA
<br />III. Income Targeting Expenditures'
<br />Minimum Expenditures on Very-Low Income Households 41.0% of ProjecVProgram Costs
<br />Minimum Expenditures on Low Income Households 25.0% of Project/Program Costs
<br />Maximum Expenditures on Moderate Income Households 34.0% of Project/Program Costs
<br />Other
<br />(Less)
<br />Age
<br />IV. Expenditure Pro j ections
<br />Very-Low ty -Low
<br />Low
<br />Housing
<br />Administrative
<br />(Less) Existing
<br />Net Housing
<br />I. Proportionality Compliance Period Housing Set -Aside
<br />Revenues 3
<br />Costs
<br />Debt Service
<br />Set -Aside
<br />1/112002- 6130/20023
<br />$4,267,784
<br />$2,090,355
<br />($1,335,612)
<br />($375,000)
<br />$4,647,527
<br />FY 2002/03
<br />9,938,501
<br />3,498,848
<br />(1,896,265)
<br />(1,088,133)
<br />10,452,951
<br />FY 2003/04
<br />10,344,687
<br />4,176,833
<br />(2,291,687)
<br />(500,000)
<br />11,729,833
<br />FY 2004/05
<br />10,443,000
<br />1,485,000
<br />(2,300,000)
<br />(3,501,350)
<br />6,126,650
<br />FY 2005/05
<br />10,951,000
<br />1,490,000
<br />(2,310,000)
<br />(3,501,350)
<br />6,629,650
<br />FY 2006/07
<br />11,478,000
<br />1,495,000
<br />(2,320,000)
<br />(100,000)
<br />10,553,000
<br />FY 2007/08
<br />12,025,000
<br />1,500,000
<br />(2,330,000)
<br />(100,000)
<br />11,095,000
<br />FY 2008/09
<br />12,592,000
<br />1,480,000
<br />(2,340,000)
<br />(100,000)
<br />11,632,00D
<br />FY 2009/10
<br />13,181,000
<br />1,470,000
<br />(2,350,000)
<br />(100,000)
<br />12,201,000
<br />FY 2010/11
<br />13,791,000
<br />1,46D,000
<br />(2,300,000)
<br />(100,000)
<br />12,851,000
<br />FY 2011112
<br />14,424,000
<br />1,450,000
<br />(2,250,OOD)
<br />(100,000)
<br />13,524,000
<br />FY 2012113
<br />15,082,000
<br />1,400,000
<br />(2,200,000)
<br />(100,000)
<br />14,182,000
<br />FY 2013114
<br />16,471,000
<br />3,954,ODO
<br />(2,150,000)
<br />18,275,000
<br />FY 2014115
<br />17,206,000
<br />6,131,450
<br />(2,000,000)
<br />21,337,450
<br />1/112015.6/30/2015 4
<br />8,775,000
<br />3,065,725
<br />(1,000,000)
<br />10,840,725
<br />Totals
<br />$180,969,972
<br />$36,147,211
<br />($31,373,564)
<br />($9,665,833)
<br />$176,077,786
<br />11. Maximum Expenditures on Age Restricted Projects °
<br />5.5%
<br />of Project/Program Costs
<br />$9,684,000
<br />III. Income Targeting Expenditures'
<br />Minimum Expenditures on Very-Low Income Households 41.0% of ProjecVProgram Costs
<br />Minimum Expenditures on Low Income Households 25.0% of Project/Program Costs
<br />Maximum Expenditures on Moderate Income Households 34.0% of Project/Program Costs
<br />Based on Agency estimates. Includes funds and expenditures from January 1, 2001 through the remaining years of the current Implementation Plan
<br />plus two 5 year Implementation Plan terms.
<br />Includes land sales, residual receipts revenue, loan repayments, and CHFA loan proceeds.
<br />Estimated by calculating 50% of the FY 2001102 actuals.
<br />Estimated by calculating 50% of the FY 2015/16 budget estimates, which are based on FY 2014115.
<br />Per the 2000 United States Census.
<br />Per the Regional Housing Needs Assessment estimates provided in the City's current Housing Element.
<br />Includes $12.83 million In land acquisition payments for future projects; the Primary acquisitions are located within the Santa Ana Boulevard Specific Plan
<br />area. The expenditures were allocated based on the targeted proportlonalitles in Section III.
<br />Prepared by: Keyser Marston Associates, Inc. p A CZ
<br />Filename: SA Hsg - Imp Plan.xls; H -9; jlr, 4/22/2005 DRAFT
<br />Age
<br />IV. Expenditure Pro j ections
<br />Very-Low ty -Low
<br />Low
<br />Moderate
<br />Restrict ed
<br />Actual Expenditures (1 /2002.612005) 7
<br />$11,896,562
<br />$6,591,654
<br />$4,664,298
<br />$918,880
<br />Projected Expenditures (6/2005 - FY 2009110)
<br />21,287,500
<br />21,652,500
<br />15,757,000
<br />3,228,335
<br />Projected Expenditures (FY 2010111 - FY 20105)
<br />27,592,470
<br />16,824,677
<br />22,881,561
<br />3,701,429
<br />Total Expenditures
<br />$60,776,532
<br />$45,068,831
<br />$43,302,859
<br />$7,848,644
<br />Of Total Expenditures
<br />41%
<br />30%
<br />29%
<br />4%
<br />Based on Agency estimates. Includes funds and expenditures from January 1, 2001 through the remaining years of the current Implementation Plan
<br />plus two 5 year Implementation Plan terms.
<br />Includes land sales, residual receipts revenue, loan repayments, and CHFA loan proceeds.
<br />Estimated by calculating 50% of the FY 2001102 actuals.
<br />Estimated by calculating 50% of the FY 2015/16 budget estimates, which are based on FY 2014115.
<br />Per the 2000 United States Census.
<br />Per the Regional Housing Needs Assessment estimates provided in the City's current Housing Element.
<br />Includes $12.83 million In land acquisition payments for future projects; the Primary acquisitions are located within the Santa Ana Boulevard Specific Plan
<br />area. The expenditures were allocated based on the targeted proportlonalitles in Section III.
<br />Prepared by: Keyser Marston Associates, Inc. p A CZ
<br />Filename: SA Hsg - Imp Plan.xls; H -9; jlr, 4/22/2005 DRAFT
<br />
|