THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES, CALIFORNIA BROADWAY/MANCHESTER RECOVERY REDEVELOPMENT PROJECT

THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF LOS ANGELES, CALIFORNIA BROADWAY/MANCHESTER RECOVERY REDEVELOPMENT PROJECT PROPOSED FIVE-YEAR IMPLEMENTATION PLAN (FY2000 FY2004) [HEALTH & SAFETY CODE SECTION 33490] Adopted: October 5, 2000 I. INTRODUCTION AND BACKGROUND The Broadway/Manchester Recovery Redevelopment Project is located approximately five miles south of the downtown Los Angeles. It covers an area of approximately 189 acres and is generally bounded by Manchester Avenue between the Harbor Freeway and Central Avenue and Broadway between 84 th Place and 102 nd Street. The Broadway/Manchester Recovery Redevelopment Project was adopted on December 19, 1994. The required five-year implementation plan was included in the report to City Council as part of that redevelopment plan adoption process. Progress has begun toward accomplishing the goals and objectives of the Redevelopment Project, with the active participation of the community through the Community Advisory Committee (CAC), and under the leadership of the Eighth Council District Office. The Redevelopment Plan sets forth a number of general goals and objectives aimed at eliminating blight which include: a) developing a commercial center to provide needed goods and services; b) providing a secure environment for residents for shopping and using public and community services in the neighborhood; c) providing additional jobs for neighborhood residents; d) improving the quality of the housing stock; and e) increasing the quantity of single-family housing stock through infill development. Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 1

II. SPECIFIC GOALS AND OBJECTIVES OF THE AGENCY FOR THE PROJECT AREA AND HOW THEY WILL HELP TO ELIMINATE BLIGHT IN THE PROJECT AREA A. Redevelopment Plan Goals Identified below are the goals and objectives in the Broadway/Manchester Recovery Redevelopment Plan which serve as the primary foundation for developing the Annual Budget and Work Program with input and guidance from the Broadway/Manchester Community Advisory Committee ("BMCAC"): 1. To encourage the cooperation and participation of residents, business persons, public agencies and community organizations in the revitalization of the area. 2. To retain by means of rehabilitation as many existing residences and businesses as possible. 3. To remove impediments of land assembly and development through acquisition and reparcelization of land into reasonably sized and shaped parcels served by an improved street system and improved public facilities. 4. To control unplanned growth by guiding new development to meet the needs of the community as reflected in the Redevelopment Plan and Annual Work Program. 5. To eliminate and prevent the spread of blight and deterioration and to conserve, rehabilitate, and redevelop the Project Area in accordance with the Redevelopment Plan and Annual Work Program. 6. To achieve an environment reflecting a high level of concern for architectural, landscape, and urban design principles appropriate to the objectives of the Redevelopment Plan. 7. To encourage the preservation of historical monuments, landmarks and buildings. 8. To encourage the preservation and the enhancement of the varied and distinctive character of the community and to promote the development of the community as a cultural center. 9. To make provisions for housing as is required to satisfy the needs and desires of the various age, income, and ethnic groups of the community, maximizing the opportunity for individual choices. Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 2

10. To alleviate overcrowded, substandard housing conditions and to promote the development of a sufficient number of affordable housing units for lowand moderate-income households. 11. To promote the economic well being of Vermont/Manchester by encouraging the diversification of its commercial base and of employment opportunities. 12. To encourage the development of an industrial environment which positively relates to adjacent land uses and to upgrade and stabilize existing industrial uses. 13. To provide opportunities for industrial firms to locate their operations in an attractive, safe and economically sound environment in accordance with the Redevelopment Plan and Annual Work Programs. 14. To provide a basis for the location and programming of public service facilities and utilities, including but not limited to, libraries, senior citizen centers, youth centers, cultural centers, parks and recreation facilities, and to coordinate the phasing of public facilities with private development. 15. To expand open spaces for recreational uses, and to promote the preservation of views, natural character and topography of the community for the enjoyment of both local residents and persons throughout the Los Angeles region. 16. To make provisions for a pedestrian and vehicular circulation system coordinated with land uses and densities adequate to accommodate traffic and to encourage the expansion and improvement of public transportation services. 17. To improve the visual environment of the community, and in particular, to strengthen and enhance its image and identity. 18. To promote the development of local job opportunities. 19. To coordinate the revitalization efforts in Vermont/Manchester with other public programs of the City of Los Angeles and the metropolitan area. B. How the Goals and Objectives will help to eliminate blight The enumerated goals and objectives will help to eliminate blight by reversing the physical deterioration of structures in the Project Area and providing for the rehabilitation and new construction of facilities and structures to address the community s needs for commercial services, housing, cultural uses, and for Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 3

recreational/open space. In addition, preserving historical sites, providing for a variety of housing options, and improving the public infrastructure and public facilities will help restore the economic base of the area and preserve the residential character of the community. III. SUMMARY OF PAST ACCOMPLISHMENTS A. Summary of Accomplishments from 1995 through June 30, 1999 Since the establishment of the Redevelopment Plan in December 1994, redevelopment activities have proceeded, even though the project has yet to generate any tax increment flow. Agency activities have been focused on the following: 1 Commercial and Economic Development From the Project s inception in December 1994, through 1999, and in collaboration with the Community Advisory Committee and the general community, the Agency has provided technical and/or financial assistance in a diversity of commercial developments. These have included the development of the Ranch Supermarket, Pep Boys, several fast food establishments, and the proposed Broadway/Manchester community shopping center. 2. Public Improvements Agency activities have focused on the reconstruction of Crocker Street, a major street in the Manchester Industrial Core. These improvements are directed at correcting problems with drainage, vehicle circulation, and the reconstruction of the significantly damaged street base. 3. Housing Housing activities have been directed at the construction of 46 units of lowincome senior citizen housing and the construction of 38 units of low-income family housing. 4. Community Facilities Agency s community facilities activities have focused on the construction of a city owned child care center that will house 112 children. It is to be located on an Agency owned parcel at 94 th Street and Broadway. B. Summary of Progress Under the Previous Five-Year Implementation Plan (FY1995-FY1999) Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 4

The following is a summary of the progress made on specific projects that were identified in the First Five-Year Implementation Plan, or that were otherwise undertaken during the past five years. 1. Broadway/Manchester Shopping Center The need for a quality community shopping center has been identified as being a key to the future economic development of the community. The proposed development site for the commercial center has been identified to be the southwest corner of Broadway and Manchester Avenue. On June 19, 1997 Agency authorized the execution of an Exclusive right to negotiate with the Developer, Christian s Community Center in association with CDP/CM Joint Venture. The developer is proposing to develop a 125,000 220,000 square foot shopping center that includes a supermarket and drug store. In addition, the developer is exploring the potential of including an MTA public transit center within the shopping complex. On February 18, 1999 the Agency approved a $225,000 loan to undertake predevelopment activities. Loan funds are being used to do preliminary site analysis, secure tenants and to develop a financial plan for constructing the center. During the reporting period, $959,937 has been expended. 2. Industrial Core Public Improvements Agency activities have focused on the reconstruction of Crocker Street, a major street in the Manchester Industrial core. These improvements are directed at correcting problems with drainage, vehicle circulation, and the reconstruction of the significantly damaged street base. In March 2000 the Agency awarded the construction contract to Gueno Development Company Inc. Construction was completed by mid-september 2000. During this reporting period, $5,404 in agency funds have been expended. 3. Heavenly Vision Senior Housing The Agency acquired a former vacant hospital site at 94 th Street and Broadway, for the development of affordable housing. Demolition of existing structures and toxic clean-up were conducted by the Agency. The southern portion of the Site is being developed by Heavenly Vision Economic, a California Community Development Corporation. On March 6, 1997, the Agency authorized the disposition of the land and a construction and permanent gap loan commitment. With the Agency s financial commitment in place, the developer was able to secure tax credit allocations. Construction commenced in February 1999. Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 5

4. Colden Oaks Family Rental Housing The Colden Oaks Development is a 38-unit family/large family apartment complex which was completed in February 1995. In Addition to the $2,254,500 that the Agency provided towards the development. The developer, Colden Oaks, CLP, received permanent financing from Century Freeway Housing Program in the amount of $1,900.000, and $1,109,500 from SAMCO. With the development completed and seeing the needed for additional recreation/open space for the tenants, the Agency, on August 15, 1996, authorized an additional $207,172 to acquire an adjacent property and construct recreational and outdoor space. 5. South Central Child Care Center The Agency is undertaking the development of a childcare center on behalf of the City of Los Angeles. It will be replacing the city Owned Betty Boop Child Care Center that was closed in the early 1990 s. Design documents have been prepared and construction documents are nearing completion. Expenditure on this activity total $35,343. 6. Sheeway School and Culture Center The Sheenway School and Culture Center was co-founded in 1971 by Dr. Herbert A. Sheen and his daughter Dolores. Agency staff has been providing technical support in the school s efforts to build the Sheenway Phoenix Development, a new educational/culture center. Proposed on a 55,000 square foot block south of the Century Boulevard, the centers design incorporates a school with grades Kindergarten through twelve, an infant care center, a pre-school, 23 elderly housing units, a foster care home, a culture center, a medical clinic and commercial space including a food co-operative. The Agency assisted the school in attaining a beautification grant for streetscape improvements adjacent to the school. Staff will continue to work with the director on future beautification projects. 7. Response to Development Opportunities Agency staff time was allocated for: meetings with property owners and other interested parties regarding development plans and opportunities; reviewing building permits and plans; providing technical, architectural and design assistance; conducting appropriate environmental review; preparing documents for discretionary action; preparation and application of established design guidelines; providing technical support to business improvement districts; monitoring of policy issues; and responding to community and developer concerns. Expenditures for this activity totaled $16,862 during the reporting period. Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 6

8. Project Financing Agency staff administers the Project's financial resources, including financial planning, cash management, debt repayment, and issuance and administration of debt instruments. From inception to FY99, the Project was partly financed by a loan from Tokai Bank in the amount of $687,733. Bunker Hill Program Income is currently paying the debt service on the Loan. The Project will pay back Bunker Hill Program Income from future available resources, including tax increment revenues. IV. SPECIFIC PROJECTS AND EXPENDITURES PROPOSED TO BE MADE DURING THE NEXT FIVE YEARS AND HOW THEY WILL HELP TO ELIMINATE BLIGHT IN THE PROJECT AREA A. Commercial and Economic Development 1. Projects and Expenditures Activities started in the previous Five-Year Implementation Plan on the Broadway/Manchester community shopping will continue. It is anticipated that design and construction documents will be completed during this next Five-Year Plan and construction commenced. $325,800 is currently allocated to this effort. Agency Staff will be soliciting developer interest for other commercial development sites within the project area. 2. Elimination of Blight The development of new commercial centers will help to eliminate blight through the development of underutilized and vacant parcels and encourage reinvestment in this economically depressed part of the city. It will upgrade the physical appearance of the area thereby enhancing the business environment. Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 7

B. Public Improvements 1. Projects and Expenditures Installation of public improvements in the industrial core, which was started in the previous Five-Year Implementation Plan, will continue. Public improvement needs will also be identified within the commercial corridors. The total projected expenditures by the Agency for this endeavor is estimated to be $483,000 over the next five years. 2. Elimination of Blight Public improvements eliminate blight by bringing obsolete infrastructure elements to current standards. This promotes and compliments private investment in the area. Further it will eliminate visual blight resulting from deteriorated, obsolete, and incompatible public improvements that are impacting the economic stability of businesses. C. Community Facilities 1. Projects and Expenditures Activities started in the previous Five-Year Implementation Plan on the South Central Child Care Center will continue. It is anticipated that construction documents will be completed, a contractor will be selected, and construction will be completed during this next Five- Year Plan. The total projected expenditures by the Agency for this endeavor is estimated to be $483,000 over the next five years. 2. Elimination of Blight The development of community facilities will eliminate blight by providing amenities currently lacking in the Project Area. The adopted goals and objectives of the redevelopment plan call for both the retention and creation of cultural and recreational facilities. The access to viable community facilities is essential for a thriving community and will reinforce efforts to increase access to employment. This activity also eliminates blight by putting into productive use underutilized and vacant property. Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 8

D. Sheenway School and Culture Center 1. Projects and Expenditures Activities started in the previous Five-Year Implementation Plan on the Sheenway School and Culture Center will continue. Staff will continue to provide technical assistance to the director on her efforts to obtain funds for the Sheenway Phoenix Development and for streetscape improvements. The total project expenditures for this endeavor is estimated to be $10,000 over the next five years in staff time. 2. Elimination of Blight Streetscape improvements eliminate blight by enhancing neighborhoods with trees, new sidewalks, gutter repairs and other pedestrian amenities. E. Housing Development 1. Projects and Expenditures Activities started in the previous Five-Year Implementation Plan on the Heavenly Vision Senior Housing development will continue during the next Five-Year Implementation Plan. It is anticipated that construction will be completed and tenants will be secured. Agency staff will be directing its efforts to promote the development of affordable housing. Staff time will go toward: attending meetings with property owners and other interested parties regarding potential residential development plans and opportunities; reviewing building permits and plans; providing technical, architectural and design assistance; and conducting appropriate environmental review. The total projected expenditure for the next five years, for Heavenly Vision Senior Housing activities are $1,414,762 and $46,600 for responding to housing development opportunities. 2. Elimination of Blight The development of housing for the Broadway/Manchester community will help eliminate blight by providing much needed housing for lowincome households. By providing this housing, the Agency furthers Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 9

the objective of the Redevelopment Plan, which calls for the development of housing. F. Response to Development Opportunities 1. Projects and Expenditures The funds allocated will cover Agency staff time for: meetings with property owners and other interested parties regarding development plans and opportunities; reviewing building permits and plans; providing technical, architectural and design assistance; conducting appropriate environmental review; preparing documents for discretionary action; preparation and application of established design guidelines; providing technical support to business improvement districts; monitoring of policy issues; and responding to community and developer concerns. The total projected expenditure for this program is $196,000 over the next five years. 2. Elimination of Blight The Agency staff activities outlined above will help to eliminate blight by ensuring that development in the Project Area meets the goals and objectives of the Redevelopment Plan and is being carried out in conformance with the Redevelopment Plan. The staff functions will also further efforts to reverse the physical and economic decline of the Project Area. G. Project Financing 1. Projects and Expenditures As of June 30, 1999, the Project has not issued any bonded debt. The total project financing expenditures for the next five years are projected to be $519,700. This includes $475,299 to repay Bunker Hill Program Income for the Tokai Bank Loan; and $44,401 for administrative costs. 2. Elimination of Blight Administrating a Redevelopment Project necessarily entails the Agency staff activities enumerated above. Administration of the Project s financial resources ensures that such resources are used in Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 10

compliance with California State Redevelopment Law and furtherance of the physical and economic revitalization of the Project Area. H. CAC/Citizen Participation 1. Projects and Expenditures This activity will provide the resources and staffing necessary for the functioning of the Broadway/Manchester CAC. Agency support to the CAC includes providing secretarial support, mass mailing and/or publication of public notices, production of informational materials, providing meeting facilities and staff support for the meetings of the CAC and its subcommittees, and conducting annual CAC elections for vacant positions. The total projected expenditure for this effort is $126,000 over the next five years. 2. Elimination of Blight I. Project General Providing for public participation through the CAC ensures that redevelopment of the Project Area is carried out in consultation with the community. Redevelopment activities undertaken to eliminate blighting conditions will more likely endure over the long term if the community is involved. 1. Projects and Expenditures Administering a Redevelopment Project necessarily entails costs that are not directly related to a specific Broadway/Manchester work objective, but rather are related to the administration of the project, including technical, legal, and administrative services and other community related services. Agency staff will administer the Project s ongoing activities, including maintaining a site office, complying with public notification requirements, providing public information, and responding to inquiries from developers, property owners and others. The total projected expenditure for this effort is $1,391,300 over the next five years. 2. Elimination of Blight Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 11

Administering a Redevelopment Project necessarily entails the Agency staff activities and other administrative costs enumerated above. Administration of the Project ensures that redevelopment activities are carried out in compliance with the Community Redevelopment Law and in furtherance of the physical and economic revitalization of the Project Area. V. HOW GOALS, OBJECTIVES, PROJECTS AND EXPENDITURES WILL IMPLEMENT THE REQUIREMENTS OF HEALTH & SAFETY CODE SECTIONS 33334.2, 33334.4, 33334.6 AND 33413. [Section 33490 (a)(1)] A. Among the goals and objectives of the Agency, the following will implement the affordable housing requirements: 1. Provision of a substantial number of housing units of low or moderate cost on land to be disposed of for residential purposes. 2. Retention of the community's residential character through preservation of existing structures and production of affordable new single family sale and rental housing units, including condominiums. B. The following are projects and expenditures planned by the Agency for the Redevelopment Project Area over the five-year period covered by this plan that will implement the affordable housing requirements: 1. The Agency will identify development sites and solicit developer interest in the development of low-income housing. The Agency expenditure to complete the development is $77,000. 2. The Agency will identify residential areas for rehabilitation. Loans will be provided to owners to rehabilitate residential units. Agency Staff will provide finance counseling and other related technical assistance. Expenditures to complete this activity is limited to Agency staff resources. C. The goals, objectives, projects and expenditures will implement the affordable housing requirements of Section 33334.2, 33334.4, 33334.6, and 33413 as follows: 1. Increase, Improve and Expand the Supply of Low and Moderate Income Housing [Sections 33334.2 and 33334.6]. The housing to be developed as described above, plus debt service and administrative costs, will utilize approximately $77,000 in funds Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 12

from the Broadway/Manchester Low- and Moderate-Income Housing Trust Fund. All the housing will be subject to recorded covenants that will restrict the housing to low-, very low- or moderate-income persons or families at affordable rents for the longest feasible time but not less than 40 years, pursuant to the Agency's Housing Policy. 2. Proportion of Very Low, Low and Moderate Income Housing [Section 33334.4]. The Agency assisted housing units to be developed or rehabilitated will be affordable to the very low-, low- or moderate-income households in the following proportions: No less than 30% very lowincome; no more than 30% moderate-income; and the balance very low- and low-income. This proportion of very low-, low-and moderateincome units exceeds the proportion of the total number of housing units needed for these income groups (which are not being provided by other governmental programs) bears to the total number of units needed for persons of very low-, low- and moderate-income in the City. 3. Estimate of Housing Production Figures and Use of Low- and Moderate- Income Housing Fund [Section 33490(a)(2)]. The current estimated housing production figures and proposed uses of the Broadway/Manchester Redevelopment Project Low- and Moderate-Income Housing Trust Fund are attached as Tables I and II. 4. Replacement Housing [Section 33413(a)] Section 33490(a)(3) requires that if the implementation plan contains a project that will result in the destruction or removal of dwelling units that will have to be replaced pursuant to subdivision (a) of Section 33413, the implementation plan shall identify proposed locations suitable for the required replacement dwelling units. The Agency is pursuing the development of vacant sites, and therefore, does not anticipate that any low- or moderate-income dwelling units in the Broadway/Manchester Redevelopment Project Area will be destroyed or removed from the low- and moderate-income housing market during the period of this Five-year Implementation Plan. 5. Inclusionary Housing [Section 33413(b)(4)]. Section 33413(b)(4) requires the Agency to adopt a plan to comply with the inclusionary housing requirements of Section 33413(b)(1) and (2). Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 13

Since adoption of the Redevelopment Plan, staff estimates that approximately 58 new housing units have been constructed. This estimate is based on staff's research into the building permit applications reviewed by the Agency for the Broadway/Manchester Recovery Redevelopment Project since 1994. Of this total, 38 units were developed through Agreements with the Agency, of which 38 units are deed and income restricted: 8 units are affordable to very low-income; 30 are affordable to low-income and 0 are affordable to moderate-income families. The balance or approximately 20 were developed by the private sector with no income or occupancy restrictions recorded. The Inclusionary Housing section requires that 15% of the total new units built or 9 be affordable to low- or moderateincome families of which not less than 40% of this designation or 4 units be affordable to very low-income households. This requirement has been met and has been exceeded by the Agency. The Inclusionary Housing Plan follows. Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 14

BROADWAY/MANCHESTER RECOVERY REDEVELOPMENT PROJECT INCLUSIONARY HOUSING PLAN California Health and Safety Code Section 33413(b)(4) 1. HOUSING PRODUCTION SINCE ADOPTION OF REDEVELOPMENT PLAN A. Number of new or substantially rehabilitated residential units developed in the Project Area by public or private entities or persons other than the Agency since adoption of the Redevelopment Plan (At least 15% of total shall be available at affordable housing cost to persons and families of low- or moderate-income, of which not less than 40% shall be available to very low-income households): Units Percentage Market Rate: 0 0% Moderate-Income: 20 34% Low-Income: 30 52% Very Low-Income: 8 14% TOTAL: 58 100% B. Number of new or substantially rehabilitated residential units developed by the Agency (inside or outside the Project Area) since the adoption of the Redevelopment Plan (At least 30% of total shall be available at affordable housing cost to persons and families of low- or moderate-income, of which not less than 50% shall be available to very low-income households): There have been no housing units developed by the Agency. 2. ESTIMATES OF HOUSING PRODUCTION DURING THE NEXT 10 YEARS A. Estimate of the number of new or substantially rehabilitated residential units to be developed in the Project Area by public or private entities or persons other than the Agency during the next 10-year period. (At least 15% of total shall be available at affordable housing cost to persons and families of low- or moderate-income, of which not less than 40% shall be available to very lowincome households): FY2000 - FY2004 FY2005 FY2009 Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 15

Units Percentage Units Percentage Market Rate: 0 0% 0 0% Moderate-Income: 0 0% 5 11% Low-Income: 0 0% 20 44.5% Very Low-Income: 46 100% 20 44.5% TOTAL: 46 100% 45 100% B. Estimate of the number of new or substantially rehabilitated residential units to be developed by the Agency (inside or outside the Project Area) during the next 10-year period. (At least 30% of total shall be available at affordable housing cost to persons and families of low- or moderate-income, of which not less than 50% shall be available to very low-income households): The Agency does not anticipate developing any units of housing itself. C. Estimate of the number of long-term affordability covenants on existing multifamily units, restricting the cost of renting or purchasing those units, that the agency plans to purchase or otherwise acquire or cause by regulation or agreement during the next 10-year period (indicate if such units are located outside the Project Area): FY2000 - FY2004 FY2005 - FY2009 Units Units Moderate Income: 0 0 Low-Income: 0 0 Very Low-Income: 46 0 TOTAL: 46 0 3. ESTIMATES OF HOUSING PRODUCTION DURING THE REMAINING PERIOD OF THIS PLAN A. Estimate of the number of new or substantially rehabilitated residential units to be developed in the Project Area by public or private entities or persons other than the Agency during the remaining period of the Redevelopment Plan. (At least 15% of total shall be available at affordable housing cost to persons and families of low- or moderate-income, of which not less than 40% shall be available to very low-income households): July 1, 1999 to December 19, 2024 Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 16

Units Percentage Market Rate: 0 0% Moderate-Income: 0 0% Low-Income: 0 0% Very Low-Income: 46 100% TOTAL: 46 100% B. Estimate of the number of new or substantially rehabilitated residential units to be developed by the Agency (inside or outside the Project Area) during the remaining period of the Redevelopment Plan. (At least 30% of total shall be available at affordable housing cost to persons and families of low- or moderate-income, of which not less than 50% shall be available to very lowincome households): The Agency does not anticipate developing any housing units itself. C. Estimate of the number of long-term affordability covenants on existing multifamily units, restricting the cost of renting or purchasing those units, that the Agency plans to purchase or otherwise acquire or cause by regulation or agreement during the remaining period of the Redevelopment Plan (indicate if such units are located outside the Project Area): July 1, 1999 to December 19, 2024 Units Moderate Income: 0 Low-Income: 0 Very Low-Income: 46 TOTAL: 46 Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 17

TABLE I ANNUAL HOUSING TRUST FUND PROGRAM SECTION 33490 (a) (2) HOUSING PRODUCTION 2000 2001 2002 2003 2004 Housing Units to be developed 46 0 0 0 0 Housing Units to be substantially rehabilitated 0 0 0 0 0 Housing Units to be price restricted thru acquisition of covenants (existing housing) 46 0 0 0 0 Housing Units to be otherwise assisted by the CRA e.g., Rent Subsidies 0 0 0 0 0 Housing Units to be destroyed as a result of redevelopment 0 0 0 0 0 Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 18

TABLE II ANNUAL HOUSING TRUST FUND PROGRAM SECTION 33490 (a) (2) LOW AND MODERATE INCOME HOUSING FUND 2000 2001 2002 2003 2004 STARTING BALANCE 0 0 0 9,200 22,600 Annual Deposits - Total 0 4,100 9,200 13,400 18,500 (A) 20% Tax Increment Deposits 0 4,000 9,000 13,000 18,000 (B) Interest/Other Income 0 100 200 400 500 Total Available 0 4,100 9,200 22,600 41,100 Funds to Be Spent or Committed Annually (A or B) 2000 2001 2002 2003 2004 (A) To Pay Debt Service 0 0 0 0 0 on Bonds Used for Affordable Housing* (B) For Affordable Housing 0 4,100 0 0 0 Funds to Be Transferred 0 0 0 0 0 to Housing Authority or Another Public Entity Funds to be Accrued 0 0 9,200 22,600 41,100 for Specific Projects** *This represents portion of debt service payments equivalent to the portion of prior bond issues that were allocated to low and moderate income housing. **The remaining funds will be accrued for the development of housing within or in the general vicinity of the project area. Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 19

TABLE III ANNUAL HOUSING TRUST FUND PROGRAM SECTION 33490 (a) (2) RESOURCES 2000 2001 2002 2003 2004 Total Resources Available Housing from all Sources 0 4,100 9,200 22,600 41,100 HOUSING PRODUCTION 2000 2001 2002 2003 2004 Housing Units to be developed 46 0 0 0 0 Housing Units to be substantially rehabilitated 0 0 0 0 0 Housing Units to be price restricted thru acquisition of covenants (existing housing) 46 0 0 0 0 Housing Units to be otherwise assisted by the CRA e.g., Rent Subsidies 0 0 0 0 0 Housing Units to be destroyed as a result of redevelopment 0 0 0 0 0 *Projected number of housing units over the next five years, assuming expected funding is available. Proposed Five-Year Implementation Plan (FY2000 FY2004) Page 20