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up to $5,000 in funding to low income households for home repairs, is in greater demand and meets a significant need to make immediate and needed home repairs. HOME Program Funding Status The City currently has a balance of approximately $343,000 in HOME funds allocated in prior years (through FY 2012-13) but not yet been committed to specific projects. The most recent significant allocations of HOME funds over the past two years were the commitment of $200,000 to REACH (to enable the purchase of another residential property for developmentally disabled adults), $50,000 to Abode Services (for TVHSP rent subsidies), and $160,000 to the Housing Rehabilitation Program. Based on recent cuts to the HOME program nationwide, the City anticipates future HOME allocations of approximately $75,000 per year. In the past, the Commission has expressed an interest in accumulating a sufficient amount of HOME dollars to provide a meaningful level of assistance to one specific project such as the redevelopment of Kottinger Place. Status of Pre-Existing Allocations Attachment 6 provides a history of funding through the CDBG program (including the allocation of LIHF funds) for the past three fiscal years (2009 through 2011). The table also shows the current status of expenditures for the agencies that received funds. Most of the funding from FY2009 and FY2010 has been completely expended, and staff is generally satisfied that most FY2011 projects are progressing satisfactorily. Several projects have not yet invoiced the City for funds but this is not necessarily cause for concern and staff anticipates that all of these small grants will be expended by the end of the current fiscal year. Page 8 of 11