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Table 13. 10 -Year LMHF Expenditure Plan - 2009 -2019
<br />VII. EVALUATION OF FINANCING RESOURCES
<br />A. The following Agency and /or City Funds are available for leveraging opportunities:
<br />1. LMHF: The Agency receives 20% of the tax increment set aside from the three
<br />redevelopment project areas.
<br />2. Community Development Block Grant (CDBG): CDBG funds may be used for
<br />the acquisition, construction, reconstruction, rehabilitation or installation of public
<br />improvements or public facilities. Typically, the City uses CDBG funds for capital
<br />improvement projects and public services.
<br />3. HOME: HOME funds come from HUD through the Alameda County HOME
<br />Consortium of which San Leandro is a member. This annual grant entitlement amount
<br />varies depending on funding from Congress. The Consortium's grant is divided among
<br />the Consortium members based upon a formula agreed to when the Consortium is
<br />authorized every three years.
<br />2009 -10
<br />2010 -11
<br />2011 -12
<br />2012 -13
<br />2013 -14
<br />2014 -15
<br />2015 -16
<br />2016 -17
<br />2017 -18
<br />2018 -19
<br />REVENUES
<br />Fund Balance
<br />$2,372,041
<br />$937,647
<br />$802,170
<br />$646,785
<br />$517,728
<br />$414,677
<br />$337,236
<br />$284,977
<br />$225,390
<br />$145,874
<br />Projected Tax
<br />Increment
<br />$2,617,576
<br />$2,614,552
<br />$2,642,519
<br />$2,718,376
<br />$2,795,610
<br />$2,874,244
<br />$2,954,307
<br />$3,003,779
<br />$3,042,630
<br />$3,125,742
<br />TOTAL
<br />REVENUESPLUS
<br />FUND BALANCE
<br />$4,989,617
<br />$3,552,199
<br />$3,444,689
<br />$3,365,161
<br />$3,313,338
<br />$3,288,921
<br />$3,291,543
<br />$3,288,756
<br />$3,268,020
<br />$3,271,616
<br />EXPENDITURES
<br />Admin'
<br />$565,2241
<br />$582,181
<br />$599,646
<br />$617,636
<br />$636,165
<br />$655,250
<br />$674,907
<br />$695,154
<br />$716,009
<br />$737,489
<br />Debt Service - HUD
<br />$113,475
<br />$108,861
<br />$104,153
<br />$99,382
<br />$94,541
<br />$89,667
<br />$84,764
<br />$79,829
<br />$74,863
<br />$69,874
<br />Sec. 108 Loan
<br />Debt Service - The
<br />$0
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />$1,000,000
<br />Alameda
<br />Multi- Family
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />Rehabz
<br />New Construction
<br />$2,200,000
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />First Time Home
<br />$478,250
<br />$355,350
<br />$366,011
<br />$376,991
<br />$388,301
<br />$399,950
<br />$411,948
<br />$424,306
<br />$437,036
<br />$450,147
<br />Buyer Assist.
<br />Housing Rehab
<br />$600,000
<br />$618,000
<br />$636,540
<br />$655,636
<br />$675,305
<br />$695,564
<br />$716,431
<br />$737,924
<br />$760,062
<br />$782,864
<br />Assistance
<br />Casa Verde
<br />$80,021
<br />$85,637
<br />$91,555
<br />$97,788
<br />$104,350
<br />$111,254
<br />$118,516
<br />$126,152
<br />$134,176
<br />$142,606
<br />Operating Subsid
<br />Misc.
<br />$15,000
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />$0
<br />TOTAL
<br />$4,051,970
<br />$2,750,029
<br />$2,797,905
<br />$2,847,433
<br />$2,898,661
<br />$2,951,684
<br />$3,006,566
<br />$3,063,366
<br />$3,122,146
<br />$3,182,980
<br />EXPENDITURES
<br />BALANCE
<br />$937,647
<br />$802,1701
<br />S646,7851
<br />$517,728
<br />$414,677
<br />$337,236
<br />$284,9771
<br />S225,3901
<br />S145,8741
<br />$88,636
<br />Source: San Leandro Redevelopment Agency
<br />'Assumes 3% annual operating cost increase unless otherwise specified
<br />z Includes acquisition /rehab or rehab only
<br />VII. EVALUATION OF FINANCING RESOURCES
<br />A. The following Agency and /or City Funds are available for leveraging opportunities:
<br />1. LMHF: The Agency receives 20% of the tax increment set aside from the three
<br />redevelopment project areas.
<br />2. Community Development Block Grant (CDBG): CDBG funds may be used for
<br />the acquisition, construction, reconstruction, rehabilitation or installation of public
<br />improvements or public facilities. Typically, the City uses CDBG funds for capital
<br />improvement projects and public services.
<br />3. HOME: HOME funds come from HUD through the Alameda County HOME
<br />Consortium of which San Leandro is a member. This annual grant entitlement amount
<br />varies depending on funding from Congress. The Consortium's grant is divided among
<br />the Consortium members based upon a formula agreed to when the Consortium is
<br />authorized every three years.
<br />
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