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<br />TABLE F:
<br />SUMMARY OF POTENTIAL FUTURE USES FOR THE LOWER INCOME HOUSING FUND
<br />
<br />Source: 2006 2007 2008 2009 20010 5-Year Total
<br />Beainnina Balance $7 400 000 $2 442 497 $2401 861 $947613 $1 092852 $7400 000
<br />Fees and Loans $2,348,497 $2,284,364 $1,875,752 $1,625,239 $1,503,820 $9,637,672
<br />Potential Available Funds $9,748,497 $4,726,861 $4,277,613 $2 572,852 $2,596,672 $17,037,672
<br />Potential Projects
<br />Kottinger Place Development
<br />Reserve $3,000,000 $0 $0 $0 $0 $3,000,000
<br />Repayment of HELP Loan for
<br />the Assisted Living Project
<br />Reserve) $0 $0 $0 $0 $1,500,000 $1,500,000
<br />CDBG Supplement" $66,000 $75 000 $75,000 $90,000 $100,000 $406,000
<br />Support of Regional Housing
<br />Opportunities (TVHOC\" $55,000 $55 000 $55,000 $55,000 $55,000 $275 000
<br />Educational Proarams" $25 000 $25 000 $25 000 $25 000 $25,000 $125,000
<br />Ongoing Administration and
<br />Salaries" $160,000 $170,000 $175,000 $180,000 $185,000 $870,000
<br />Rental Subsidies/Buvdown $500,000 $500 000 $500,000 $500 000 $500 000 $2 500 000
<br />Reserve for New Low and
<br />Very Low Income
<br />Developments $3 500 000 $1 500000 $2 500 000 $630 000 $231 672 $8361 672
<br />Total Proiects $7 306 000 $2 325 000 $3 330,000 $1,480000 $2,596,672 $17,037,672
<br />Ending Balance $2,442,497 $2,401,861 $947,613 $1,092,852 $0 $0
<br />
<br />* Represents existing uses of funding.
<br />
<br />A percentage sUq1mary detailing how the funding could be realized is as follows:
<br />
<br />TABLE G:
<br />PERCENTAGE SUMMARY OF POTENTIAL FUTURE USES OF THE LOWER INCOME
<br />HOUSING FUND
<br />
<br />Projected Uses For Lower Income Housing Fund
<br />
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<br />SR:06:116
<br />Page 8
<br />
<br />[;iJ New De\elopment - 49%
<br />. Kottinger Place -17%
<br />o Rental Subsidies -15%
<br />o HELP Loan - 9%
<br />.Administration - 5%
<br />.CDBG - 2%
<br />.lVHOC - 2%
<br />o Education - 1 %
<br />
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