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larger loans to enable eligible homeowners to make needed improvements to their homes in order to retain them as a source of affordable housing. The program is utilized by a large percentage of seniors (especially mobile home residents), single parent households, and disabled households. From time to time, staff receives Housing Rehabilitation Program loan repayments, generally from home owners who have sold their homes resulting in a repayment through escrow. As an example, staff recently received $48,800 from the payoff of two loans that were issued in prior years. While these payments are sporadic and unpredictable, these funds are reallocated to the Housing Rehabilitation Program as they are received based on the Council's past approval. As in the past, staff is recommending that any loan repayments be allocated to this program and that the City Manager be authorized to reallocate the funds to this program as deemed appropriate. Given the typical size of individual loans ($35,000 to $40,000) and grants ($3,500 to $5,000), staff and NS have found that an average annual budget of approximately $150,000 to $200,000 results in an active and vital program that meets the current level of need in the community. Also note that staff anticipates conducting a thorough review of the Housing Rehabilitation Program to assure funds are directed in a way that maximizes the availability of funding. HOME Program Funding Status The City currently has a balance of approximately $143,000 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 several years were the commitment of $200,000 to REACH (to enable the purchase of another residential property for developmentally disabled adults), $100,000 to Abode Services (for TVHSP rent subsidies), and $310,000 to the Housing Rehabilitation Program. I3ased on recent cuts to the HOME program nationwide, the City anticipates future HOME allocations of approximately $75,000 per year. In addition, the County recently implemented policies requiring timely commitment of HOME allocations by local jurisdictions in which unused funds will revert to a county-wide pool. 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 (2010 through 2012). The table also shows the current status of expenditures for the agencies that received funds. Most of the funding from FY2010 and FY2011 has been completely expended, and staff is generally satisfied that most FY2012 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. The above recommended programming equals $580,400 which matches the total funding available shown earlier in the table on page 2. Page 7 of 20