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Ca i ~HFA California Housing Finance Agency <br />November 21, 2006 <br />City Manager <br />Ciiy of Pleasanton <br />P.O. Box 520 <br />Pleasanton, CA 94566 <br />CaIHFA Loan No. HELP - #020703-12 <br />Dear Borrower: <br />This letter is in response to your letter of October 25, 2006, and also serves as <br />notification that the loan commitment referenced above has been terminated. <br />Unfortunately, we were not able to provide you with an extension on this commitment as <br />requested in your letter. <br />The 3-year time line to request loan disbursements under the HELP Loan Agreement <br />expired on November 7, 2006. We do regret that you were unable to fully expend the <br />funds for the intended purpose. We also understand there are often uncontrollable <br />circumstances that do not afford the effective implementation of affordable housing <br />programs, and we sincerely appreciate and commend your efforts for what has been <br />accomplished under this commitment. <br />Our records indicate that the City has borrowed and successfully utilized $95,000 of the <br />original commitment of $450,000 for a homebuyers downpayment assistance program. <br />We hope, that in the future, you will consider submitting another application to receive <br />HELP Program funding for new programs or projects the City may have in the pipeline. <br />Additionally, please let us know if other CaIHFA programs can assist your City in <br />meeting its affordable housing goals. If you have any questions, please feel free to <br />contact me at (916) 445-9313. <br />Sincerely, <br />1. r0 !7. <br />Amanda L. ose <br />HELP Program Manager <br />cc: Scott Erickson <br />Sacramento Headquarters Los Angeles Office <br />P.O. Box 4034 100 Corporate Pointe, Ste. 250 <br />Sacramento, CA 95812 Culver City, CA 90230 <br />(916)322-3991 {310) 342-1250 <br />www.calhfa.ca.gov <br />