Item3b_09142021_CDC_Program_Report - JBM — original pdf

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Housing Program Production & 2018 GO Bond Update September 2021 Fiscal Year 2020-2021 Housing Program Production Overview FY2020-2021 Production Summary 3 FY2020-2021 Production Summary 4 FY 2020-21 GO Repair Production (through July 2021) 5 FY 2020-21 GO Repair Production (through July 2021) 6 FY 2020-21 GO Repair Production (through July 2021) 7 FY 2020-21 Down Payment Assistance (through July 2021) 8 FY 2020-21 Down Payment Assistance (through July 2021) 9 FY 2020-21 Down Payment Assistance (through July 2021) 10 2018 GO Bond Update Proposition A 2018 Bond Ballot Language 12 2018 Affordable Housing Bond Spend Plan Project Name Prop A- Affordable Housing FY18-19 FY19-20 FY20-21 FY21-22 FY22-23 Total Land Acquisition $ 20 million $30 million $30 million $20 million - $100 million RHDA OHDA $16 million $18 million $20 million $20 million $20 million $94 million $4 million $6 million $6 million $6 million $6 million $28 million Home Repair $2 million $5 million $6 million $7 million $8 million $28 million $42 million $59 million $62 million $53 million $34 million $ 250 million 13 2018 Affordable Housing Bond Encumbrances Project Name Prop A- Affordable Housing Land Acquisition RHDA OHDA FY18-19 FY19-20 FY20-21 FY21-22 Total Balance* - $42,019,000 $35,023,890 $77,042,890 $22,363,564 $16,154,524 $19,653,504 $16,584,211 $52,392,239 $40,223,481 $3,290,000 $5,801,334 $6,225,000 $15,316,334 $12,002,953 Home Repair $1,659,803 $3,871,323 $927,066 $6,458,192 $5,238,359 $21,104,327 $71,345,161 $58,760,167 $151,209,655 $ 79,828,357 *Balance = Total GO Bond allocation – (encumbrances + legal fees + salaries and indirect costs) 14 - - - - - 2018 Affordable Housing Bond Investments Hotel Acquisitions • Texas Bungalows • Country Inn • Candlewood • Townplace 15 2018 Affordable Housing Bond Investments Vi Collina – AHFC Partnership • Oltorf at Pleasant Valley • 170 units • 100% Affordable • January 2022 16 Questions?