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File Number: 11 -396 <br />Fiscal Impacts <br />This Surf Apartments acquisition and rehabilitation project will cost $100,000, of which <br />$65,000 will be from the City's Affordable Housing Trust Fund and the remaining $35,000 <br />will be from CDBG funds. The $65,000 will come from the existing $66,486 balance from <br />AHTF and the $35,000 from CDBG will come from $119,762 in unallocated and unexpended <br />CDBG funds from last year. <br />Budget Authority <br />Budget authority derived from Title I of the Housing and Community Development Act of <br />1974 (24 CFR 570 et seq.). <br />ATTACHMENTS <br />Amended Table 1: FY 2011 -2012 HUD Annual Action Plan: CDBG & HOME Funds <br />PREPARED BY: Steve Hernandez, Housing Specialist I, Community Development <br />City of San Leandro Page 3 Printed on 12/13/2011 <br />