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Table 10. Ten-Year LIVTHF F.xnenrlitnre Plan - 2(1(14 F,ctimatvc (in thnnc~nrlcl 2004-OS 2005-06 2006-07 2007-08 2008-09 2009-10 2010-ll 2011-12 2012-13 2013-14 Admin $490 $340 $350 $360 $360 $370 $380 $390 $400 $400 Debt Service -HUD Loan $140 $130 $130 $130 $130 $130 $130 $130 $130 $130 Bayfair Debt $60 $60 Housing Rehab $490 $400 $400 $400 $400 $450 $450 $450 $450 $450 First Time Home Buyer Assistance $430 $200 A artment Rehab $600 New Develo ment $2,170 $410 Total $4,380 $1,540 $880 $890 $890 $950 $960 $970 $980 $980 vuui w. .~aii i,caiiuw ncucvci~putcut r~gcucy. Table 10a. Ten-Year T,MHF Fxnenrlitnre Plan _ 2.(1(17 TTnrlatu (gin thm~conr~el 2004-OS 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 2013-14 Admin * $3b4 $482 $403 $523 $539 $555 $571 $589 $606 $624 Debt Service -HUD Loan $136 $132 $127 $123 $118 $113 $109 $104 $99 $95 Bavfair Debt $60 $60 Housin Rehab $439 $357 $387 $668 $600 $600 $600 $600 $600 $600 First Time Home Buyer Assistance $42 $30 $60 $275 $300 $300 $300 $300 $300 $300 A artment Rehab $0 $0 $0 $0 $0 $0 $0 $0 $0 $0 New Develo ment $256 $4,801 $641 $1,991 $368 $0 $0 $0 $0 $0 Total Ex enditures $1,237 $5,802 $1,618 $3,580 $1,925 $1,568 $1,580 $1,593 $1,605 $1,619 .,~~~ ~~. .,~„~ ,.~~..~,..., ,.~,.~~~~~y„~~<<< n~~~,~y. t,,,wnca ~ io nimuei upcranng cost tnerease oegtnntng t r uts-uy Inclusionary >Flousing and Replacement Obligations If any new housing is built in a redevelopment project area with or without Agency assistance, the Agency incurs an obligation to ensure that some of the units are affordable for moderate, low and/or very low income households. Units meeting this need are called "Inclusionary housing units". Fifteen percent of the units in the project must be Inclusionary if developed by a private developer, or 30% if developed by the Agency. The Inclusionary units can be inside or outside the project areas, although when they are located outside the project area, the Agency must provide two units for every one unit built in the project that triggered the Inclusionary requirement. Since 1994, the Agency continues to exceed its inc.lusionary housing production requirements for its three redevelopment project areas and has a surplus production bank of 115 , very low income units (due primarily to the Casa Verde affordable rental project) and four low/moderate income units. Mid-Term Review Page 18